• Terra Classic (LUNC) is now compatible with Interchain Station, a platform that enables communication between different blockchains.
• Lead developer Jared has confirmed the integration, noting that more chains will be joining Interchain Station.
• The announcement has not had a positive impact on LUNC’s price, but its effects are expected to be long-term.
Terra Classic (LUNC) has just received a major boost with the successful integration of Interchain Station. The platform, developed by Terraform Labs, is a bridge that enables seamless communication between different blockchains. This is a major breakthrough for the Web3 industry, as the technology will facilitate a new level of interoperability between various blockchain networks.
Lead developer Jared has confirmed the integration via his official Twitter account, noting that more chains will be joining the Interchain Station in the near future. These include Osmosis, Juno, and SEI. Additionally, he stated that a support team for Interchain Station will be unveiled in the coming days.
Unfortunately, the announcement has had a negative impact on LUNC’s price. According to Coingecko, the cryptocurrency is down by 2.6 percent in the past 24 hours, trading at around $0.00016310.
Despite the short-term price decline, the integration of Interchain Station is expected to be beneficial in the long-term. It will open the door to a range of new possibilities, particularly in the DeFi sector. Developers will be able to access oracle data from different chains with ease. Moreover, the technology will allow for more efficient cross-chain communication and collaboration.
The TFL Interchain integration was originally set for launch on January 12, but was delayed due to technical reasons. However, the wait is now over and Terra Classic (LUNC) is officially compatible with Interchain Station. The Web3 industry is sure to benefit from this integration, and the long-term effects of this breakthrough are expected to be positive.