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TerraUSD price, market cap on Coin360 heatmap

TerraUSD(UST)

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$0.023583
(-0.58%)
0.00000137 BTC
Market Cap (Rank#122)
$241,826,550
14,080 BTC
Vol 24h
$460,268
26.7992 BTC
Circulating Supply
10,254,322,419.51
Max Supply
?
1h agocryptodaily
Bitcoin Price Analysis: 17265 Tested Again - 10 December 2022
BTC/USD Elects Stops Above 17265: Sally Ho’s Technical Analysis – 9 December 2022 Bitcoin (BTC/USD) worked to sustain recent gains early in the Asian session as the pair elected Stops above the 17265.15 level, representing the 78.6% retracement of the recent depreciating range from 17424.59 to 16679.52. Recent upside progress has increased risk that Stops above the 17424.59 area could be tested and lead to a test of the 17759.18 area, representing the 38.2% retracement of the depreciating range from 21478.80 to 15460. Additional upside retracement levels in this depreciating range include the 18469 and 19179 areas. Traders are watching to see if BTC/USD can establish a constructive base around the 16880 area, representing the 23.6% retracement of the depreciating range. If BTC/USD is able to extend its upward trajectory, upside areas of potential technical resistance and selling pressure include the 17791, 18495, 19199, 20070, and 20201 levels. Below current price activity, BTC/USD bears are eyeing a possible test of recent two-year lows around the 15460 area, established after Stops were elected below the 15512 area. Notably, this 15512 level represented an exact bearish price objective based on selling pressure that strengthened around the 21478.80 and 18495.50 areas. Associated downside price objectives below current price activity include the 13369, 8837, and 7538 levels. Technicians continue to eye the 14500.15 and 10432.73 areas as major downside targets, and additional downside price objectives include the 14613, 10727, and 9682 levels, areas that are related to selling pressure that intensified around the 20894.96 and 18495.50 areas. Traders areobservingthat the50-bar MA (4-hourly)isbearishly indicating below the 200-bar MA (4-hourly)andabove the100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). Price activity is nearest the200-bar MA(4-hourly) at 17352.03 and the100-bar MA(Hourly) at 17007.11. Technical Supportis expected around14500.15/ 13369.11/ 10727.75 withStopsexpected below. Technical Resistanceis expected around18495.40/ 19199.48/ 20070.64 withStopsexpected above. On4-Hourlychart,SlowKis Bullishly above SlowDwhileMACDis Bullishly above MACDAverage. On60-minutechart,SlowKis Bearishly below SlowDwhileMACDisBullishly above MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1h agocryptodaily
Metadoro: Crypto Market Becomes Extremely Vulnerable in the Eyes of Government Control
The Binance crypto exchange has control over more than 87% of the entire exchange volume, according to the Block analytical platform that aggregates sheer information on trading volumes using CryptoCompare data. Although an analysis of raw data provided by the same global cryptocurrency market data provider comes out to be around 28%, while CoinMarketCap, that is controlled by Binance, shows roughly the same figure at 24% for the first week of December 2022. By the end of November, Binance controlled around 75% of the exchange volume in the crypto industry, according to data collected by The Block. One way or another, Binance is dominating the market and is expanding further. The exchange has recently taken over the Japanese market by acquiring Sakura Exchange BitCoin. Now the exchange has obtained the first license in Asia. Binance has also started negotiations to take over the Indonesian Tokocrypto exchange that is currently suffering from bad market conditions. It has also acquired a stake in the Malaysian regulated MX Global trading platform. After claims by Japan’s Financial Services Agency that Binance was operating without a license in Japan, it exited Japan in 2018 and also received another warning from the regulator in 2021 as some Japanese residents continued to still do business with Binance. With these issues cleared up, Binance is now compliant to conduct operations not only in Japan and Malaysia, but also in France, Italy, Spain, Bahrain, Abu Dhabi, New Zealand, Kazakhstan, Poland, Lithuania, and Cyprus. The company plans to continue its expansion as it has accumulated over $1 billion to bail out troubled digital assets. However, the company has no-office style culture of operations and may be easily targeted by local watchdogs in one of these countries. First on the list is the U.S. Congress which may approve more vigilant regulations to tract the activity of crypto exchanges followed by SEC. However, Binance U.S. is only a small portion of Binance’s global business. So, it could be a matter of interest for some European Securities and exchange commissions to keep a close look on Binance operations in 2023. Thus, the centralisation of the crypto market may become its weakness as other crypto exchanges are far behind the leader, as OKX exchange, the second largest exchange, controls about 6% of the daily trading volume in the crypto market, according to data from The Block. Whether or not Binance will finally win this battle will largely depend on the actions of local authorities. Any witch hunt in the crypto market by monetary authorities may lead to the decentralisation of companies, like Binance, and lead to the immediate loss of confidence in regulators. So, any harsh actions could simply discourage crypto enthusiasts from the regulated market and push local exchanges to act without any regulation. Binance itself may easily transform its business to operate in “decentralised structures” as it has no offices and no compliance department that would regularly communicate with officials, as is the norm with other regulated companies in other financial segments. So far, Binance is a trend setter in the crypto market as it has been pioneering the industry with larger transparency than any other market players. Immediately after the crash of FTX, one of the largest crypto exchanges, on November 8, Binance’s CEO, Changpeng Zhao, said that the company was ready to publish proof of reserves. Moreover, the exchange has published a guide of “What is Proof of Reserves and How it Works on Binance”. On November 15 Changpeng Zhao continued with his “Best practices for Exchanges” and continued with a recovery fund to prop up legitimate projects in distress. Other crypto exchanges majors like Bitfinex, Crypto.com, Huobi, OKX, and Kucoin, had to follow this example and release their “proof of reserves”. All of the majors have shown support to Binance’s recovery fund and promised to invest more in crypto startups. So, transparency is not the only element that could challenge Binance’s leadership. The company or event that will transform the crypto industry towards new standards while keeping it decentralised is the one that will become the new market leader. Iván Marchena, The Head of Analytical Department Metadoro Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1h agocryptodaily
The Hideaways (HDWY) Presale Threatens Cardano (ADA) And Flow (FLOW)
Cardano (ADA) and Flow (FLOW) are among the top 50 biggest cryptocurrencies in market cap. However, many investors and traders are abandoning the coins in favor of new projects with better real-world utilities. The Hideaways (HDWY) is anticipated to climb to the top 50 cryptocurrencies in 2023. Is Cardano Under Selling Pressure? Active address usage on the Cardano (ADA) network has increased dramatically by 90% daily. It has been reported that there are now over 1.2 million allocated wallets on the blockchain. The price of ADA has decreased by 5% during the past week. The current price of Cardano is $0.304558. However, a look at the token's 24-hour chart reveals that bulls are in command, leading the ADA/USD pair toward a bullish momentum. Yesterday, ADA bulls pushed the price to $0.318917, but they could not maintain momentum. Since ADA has been doing poorly, there may be more on-chain action related to Cardano. One possible explanation for the uptick in on-chain activity is traders cutting their losses and reducing their exposure to a faltering market by selling their holdings or taking profits. Flow Is Not Worth Your Money‒Here’s Why The FLOW utility token helps the Flow economy function by functioning as both a means of trade and deposit. Despite its many utilities, FLOW had fallen this week after earlier in the week when it showed a more unexpected pattern of minor gains. After dropping 5.1% last week, the currency is trading at $1.11. During the past 30 days, FLOW has decreased by more than 34.5%. Do not make any new purchases of FLOW coins right now, advised veteran crypto traders. The Hideaways Is A Once-In-A-Lifetime Investment The Hideaways (HDWY) is a wonderful choice for anyone looking to invest in real estate during the inflation and economic downturn. With the Hideaways, investors will have access to the first platform that brings together NFTs and the $230 trillion real estate industry. Possibilities for earning a passive income at The Hideaways are very exceptional. Join The Hideaways To Enjoy These Benefits The Hideaways provide the means to begin investing in your ideal home for as low as $100. Invest in the stock market without leaving their houses. Come be a part of a wonderful community of thriving property investors. Join a fool-proof investment. SolidProof, a top security and auditing organization, ensured that all HDWY smart contracts were secure. Take advantage of the low presale price now because it is expected to increase by 4,000% over the next few months. So get yours now! Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1h agocryptodaily
Regulators Under Pressure To Investigate Banks
In light of the FTX incident, United States lawmakers are putting pressure on key federal financial regulators to investigate banks with ties to cryptocurrencies. Senators Question Banks Democratic Senators Elizabeth Warren and Tina Smith have written to multiple federal agencies and regulators, questioning the close ties between crypto markets and traditional banking. The aftermath of the FTX collapse has stirred up trouble, especially among lawmakers who have intensified their scrutiny of the industry even more since then. In this case, both the Senators, who are members of the Senate Banking House and Urban Affairs Committee, have addressed the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency in their letter. An excerpt from the letter reads, “While the banking system has so far [been] relatively unscathed by the latest crypto crash, FTX’s collapse shows that crypto may be more integrated into the banking system than regulators are aware.” “Banks Had Close Ties To Crypto” There have been other instances of associations between FTX and financial institutions. Several noteworthy banks, like Silvergate Capital, Provident Bancorp, Metropolitan Commercial, Signature, and Customers Bancorp, have all landed in hot water due to their significant exposure to the FTX ecosystem. The Senators’ letter referenced several banks and financial corporations struggling after prolonged exposure to FTX. The letter wrote, “It appears crypto firms may have closer ties to the banking system than previously understood. Banks’ relationships with crypto firms raise questions about the safety and soundness of our banking system and highlight potential loopholes that crypto firms may try to exploit to gain further access.” Banks In Trouble After FTX Crash Almost 90% of Silvergate’s overall deposit base consisted of crypto deposits. In addition, more than 50% of the equity capital for Provident bank consisted of crypto loans. In the aftermath of the crash, Provident bank is experiencing losses as high as $27 million. According to a report in The New York Times, FTX’s sister company Alameda Research had an $11.5 million investment in the Washington state-based Moonstone Bank. The latter’s parent company FBH Corp was headed by Jean Chalopin, who is also the Chairman of the Bahamas-based Deltec Bank, which had a working relationship with stablecoin issuer Tether (an FTX trading partner). Regulators' Attention On SBF On the other hand, regulators have been focusing most of their attention on ex-FTX CEO Sam Bankman-Fried. The Texas Securities Board has summoned him to investigate whether Texas securities laws were violated by offering unregistered securities products through FTX’s yield-bearing service. Other regulators, like the Financial Services Committee and the Senate Banking Committee, have also summoned Bankman-Fried to hearings discussing the collapse of the FTX ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1h agocryptodaily
Why Stellar (XLM) And Bitcoin (BTC) Holders Are Buying More The Hideaways (HDWY) Tokens
The Hideaways (HDWY), Stellar (XLM), and Bitcoin (BTC) are three promising cryptocurrencies that can help you diversify your cryptocurrency portfolio. Stellar and Bitcoin have recently dropped in value, whereas The Hideaways (HDWY) has remained stable. Discover why Stellar (XLM) and Bitcoin (BTC) investors are making the switch to The Hideaways (HDWY), a newcomer in the crypto industry that has seen a rise of 800% in a short amount of time. Stellar (XLM) Price Falls 72% In One Year Stella (XLM) holders had a difficult year as the token's value has continued to decrease throughout the course of the year. Analysts question what will happen to Stellar (XLM) when over 25 billion tokens have been distributed. Stellar (XLM) is a novel coin that enables value transfer between assets, and it has several potential use cases. Stellar (XLM) tokens enable smart contracts and facilitate the transfer of a wide variety of assets across the Stellar network. Unlike Bitcoin, XLM cannot be mined since it does not use the proof-of-work algorithm. At the time of writing, one unit of Stellar (XLM) costs $0.09 and had a 24-hour trading volume of $53,669,096. Bitcoin (BTC) Price Struggling On Friday, cryptocurrency prices, including Bitcoin (BTC), fell. There are signs of widespread pessimism among market participants as the digital asset field continues to feel the effects of the repercussions of the bankruptcy of the crypto exchange FTX. Bitcoin's value was decreasing, down to roughly $16,500, or less than 1% in the preceding 24 hours. Even while the entire repercussions of FTX's bankruptcy are likely still unknown, the largest crypto has maintained above its two-year lows near $15,550, which were recorded during peaks of selling over fears over instability at FTX and eventually its bankruptcy. However, Bitcoin has still lost over 20% of its value in the past few weeks and is currently selling for less than 25% of its record-high price of around $69,000 from a year ago. Bitcoin (BTC) investors are looking elsewhere, and The Hideaways (HDWY) are the latest hot ticket. The Hideaways (HDWY) Price Is Expected To Grow By 15,000% The Hideaways (HDWY) could be an excellent option for anyone looking to invest in cryptocurrencies at the moment. When you join The Hideaways, you'll have access to a curated portfolio of luxury rental properties across the world, where you may invest and collect a passive income through rentals. Here are some advantages of investing in HDWY tokens: The platform's security has been validated by SolidProof, the industry-leading crypto security auditing organization. By doing this, the organization is assuring that there will be sufficient funds to operate into the next millennium. You can increase your return on investment (ROI) and avoid dealing with middlemen if you buy more high-end real estate anywhere in the world. The HDWY token is now selling for a miniscule price, with an expected price increase to $1 at the start of 2023. The following links will take you to more information about the presale of The Hideaways. Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
1h agocryptodaily
Ren Warns Of Potential Losses As Upgrade Looms On The Horizon
Alameda Research-backed Ren Protocol has warned users of a potential risk of losses as it winds down its current Ren Version 1.0. The Ren team stated that once version 1.0 is retired, users may not be able to recover their assets. Potential Losses As Version 1.0 Shuts Down Alameda Research-backed Ren Protocol, which issues the wrapped bitcoin asset RenBTC, warned users that they risk losing their assets once it shuts down its existing Ren 1.0 version. The project team encouraged users to redeem their tokens before the current version shuts down and the tokens lose all their value. The primary reason behind the shuttering of version 1.0 is the lack of funding after the collapse of Alameda Research. The developers added that users could unwrap their tokens and bridge them back to their native chains. The Ren team plans to disable mints on Ren shortly, meaning it would be impossible to deposit assets on the platform to bridge to other networks. Additionally, burns will also be disabled within 30 days. Compatibility Issues Once Ren’s version 1.0 is shut down, it will be replaced by Ren 2.0, a new, community-run version. However, the Ren team warned that the two projects might not be compatible. “As announced previously, the Ren 1.0 network is shutting down due to the events surrounding Alameda. As compatibility between Ren 1.0 and 2.0 cannot be guaranteed, holders of Ren assets should bridge back to native chains ASAP, or risk losing them!” Ren announced on the 18th of November that it was releasing a new protocol version. The announcement stated that the new protocol would be launched in parallel with the shutdown of the current version. This implied to users that current bridged assets may still be usable. However, the announcement has made it clear that current assets would not be usable on the new version of the platform and may be lost forever. RenVM, the company behind the protocol, was acquired by Alameda Research in 2021. However, the collapse of Alameda necessitated the speeding up of the move to the new version of Ren. “Marking this event as the end of Alameda’s involvement in the project by sunsetting Ren 1.0 safeguards the reputation, integrity, and hence long-term prospects of the Ren ecosystem. According to available data, there are currently 1130 renBTC currently on Ethereum. Users Are Confused And Angry The announcement from the Ren team has created considerable confusion and anger in the community as users woke up to the possibility of losing their assets in their entirety. Users also wondered if the Ren token itself was in any type of danger following recent events. One frustrated user vented, “If we hold tokens on a CEX, do we need to do something?” Other users were confused, asking for clarification about their REN tokens and if the current update would impact those as well. Several users asked the Ren team to issue a clarification, adding that the announcement had led to panic selling. So far, the Ren team has not responded to these tweets. However, it did issue instructions on how users could check if they have bridged assets that need withdrawing. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3h agocryptodaily
Sweply Announces a New Strategy with Multiple Industry Sector Focus and Its Token's Sale Seed Round Now Live
Sweply, an innovative and revolutionary Web 3.0 technology company, plans to be a cut above the competition and quickly grow within digital marketing, fintech, blockchain technology, and the metaverse. The company offers a centralized system and automated processes enabling a smooth and seamless user experience. Sweply will deliver users a complete experience at the top of the charts in 2023. By using a new strategy, the company will provide users with high-level products and low costs. And through the new user-centric approach, the platform will allow individuals to simultaneously build, manage and expand their advertising campaigns across several platforms. Yet another surprise Sweply comes with is the seed round sale for the $SWPLY token, which is currently taking place. The Sweply strategy and ecosystem Sweply’s strategy for 2023 focuses on four major industries: digital marketing, fintech, blockchain technology, and the metaverse. The four-pronged approach with the ecosystem consisting of Sweply Ads, Sweply Dash, Sweply Pay, and Sweply Pad provides better functionality. It represents a versatility to the project that no other company has. The Sweply ecosystem brings together: Sweply Ads is a system geared to assist everyone from small and medium-sized businesses (SMEs) to e-commerce companies and crypto projects. The first version is already live, offering API integration with the advertising platforms on Google, Twitter, Snapchat, Meta, and Tiktok. Sweply Dash is designed to be a marketplace for real estate & Metaverse working on a global scale, thus giving renters a wide choice of properties to choose from. The simple and effective interface is designed to ensure that all renters looking for their ideal property will find exactly what they’re looking for. Sweply Pay was created based on the need for payments and cryptocurrency transfers to be swift and secure. Individuals will be able to make payments and exchange cryptocurrencies quickly and securely. Sweply Pad is the launchpad that allows new projects to raise the necessary capital to grow while also giving early-stage investors safety and security. Moreover, Sweply includes its token, $SWPLY, created to “fight” the abundance of fly-by-night meme tokens. The team at Sweply is focusing on building long-term growth and providing genuine value in the marketplace. It has a Max supply of 300,000,000 and is built on the Ethereum ERC20 blockchain. Meet the company Sweply is a web 3.0 technology company that focuses on educating and fully supporting its users, allowing them to unlock opportunities while maximizing results. The platform is built to serve all types of users, such as business owners, e-commerce companies, small & medium businesses, and cryptocurrency projects. The transparency that is given in both Sweply along with its various products is second to none. The team at Sweply believe people deserve to know the company's ins and outs and any projects they are involved in. They are keen to build a strong community around the project, so they are organizing a $37,500 giveaway competition. Contact More information is available on the official Sweply website and their social media profiles, Twitter, or Telegram. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4h agocryptodaily
Coinbase Expects 50% Drop In Revenue, Crypto Daily TV 9/12/2022
In Todays Headline TV CryptoDaily News: Coinbase CEO confirms 50% decline expectations in revenue. Coinbase Global CEO Brian Armstong said the company’s revenue would be half or less what it was last year as the crypto exchange struggles amid stark price drops in cryptocurrency prices and continuing ripple effects from multiple bankruptcies this year, including the recent collapse of rival exchange FTX. Slowing crypto startup funding may still surpass 2021 record. Research firm Pitchbook said that total funding at crypto startups this year is set to exceed investments in 2021. However, the pace of capital deployment is slowing as a series of crypto blowups sapped private equity investment appetite. Celsius bankruptcy judge orders return of some crypto assets to customers. A U.S. bankruptcy judge ruled that some crypto lender Celsius Network customers should receive their deposits back, giving relief to a relatively small group of customers whose deposits were never commingled with other Celsius funds. BTC/USD exploded 2.1% in the last session. The Bitcoin-Dollar pair skyrocketed 2.1% in the last session. The Stochastic-RSI indicates an overbought market. Support is at 16483.3333 and resistance at 17317.3333. The Stochastic-RSI is signalling an overbought market. ETH/USD skyrocketed 3.8% in the last session. The Ethereum-Dollar pair rose 3.8% in the last session after gaining as much as 4.7% during the session. The Stochastic indicator is giving a negative signal. Support is at 1188.3567 and resistance is at 1296.5167. The Stochastic indicator is currently in the negative zone. XRP/USD skyrocketed 2.4% in the last session. The Ripple-Dollar pair skyrocketed 2.4% in the last session. The Ultimate Oscillator gives a positive signal. Support is at 0.3656 and resistance at 0.4011. The Ultimate Oscillator is currently in positive territory. LTC/USD skyrocketed 1.1% in the last session. The Litecoin-Dollar pair skyrocketed 1.1% in the last session. The Stochastic indicator is giving a negative signal. Support is at 73.351 and resistance at 82.131. The Stochastic indicator is currently in the negative zone. Daily Economic Calendar: FI Industrial Output The Industrial Output shows the production volume of industries, i.e., factories and manufacturing. Finland's Industrial Output will be released at 06:00 GMT, the Austrian Industrial Production at 08:00 GMT, and the US Producer Price Index at 13:30 GMT. AT Industrial Production Industry is a basic category of business activity. Changes in the volume of the physical output of the nation's factories, mines, and utilities are measured by the index of industrial production. US Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. US Michigan Consumer Sentiment Index The Michigan Consumer Sentiment Index is a survey of consumer confidence in economic activity, making it an indicator of consumer spending. The US Michigan Consumer Sentiment Index will be released at 15:00 GMT, the UK's Consumer Inflation Expectations at 09:30 GMT, and the UK's CFTC GBP NC Net Positions at 20:30 GMT. UK Consumer Inflation Expectations The Consumer Inflation Expectation presents the consumer expectations of future inflation for the next 12 months, which may influence rate decisions. UK CFTC GBP NC Net Positions The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5h agocryptodaily
Leading crypto trading and lending firm ends Chelsea sponsorship
Amber Group has terminated a sponsorship deal with Chelsea football club and has also cut its workforce again in order to survive the crypto winter. Amber Group, one of the leading trading and lending platforms in Asia, has terminated a partnership with the London-based Chelsea football club. The partnership only began last May and had the Chelsea players wearing the Amber WhaleFin logo on their shirts. As reported by an article on Bloomberg, the sponsorship deal was said to be worth $25 million a year. Amber is now following a legal process which will enable it to end the deal. On top of the scrapping of the sponsorship deal Amber Group has also cut its workforce again. The latest cuts will see the workforce slashed from 700 to less than 400. At the peak of operations the trading and lending platform employed around 1,100. In order to further cut costs Amber plans to move to cheaper offices in Hong Kong. Offices in other regions will likely close, with the employees there given the opportunity to work from home. All of these moves are part of a major strategy to cut costs in what is a very difficult time for the crypto sector following the collapse and ensuing fall out from Sam Bankman-Fried’s FTX platform. Amber Group will now move its focus away from retail customers and will instead target larger institutions such as family offices and high-net-worth individuals. The Asian digital asset platform has also suffered bereavement in recent times. Its co-founder Tiantian Kullander died in his sleep at the age of only 30. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5h agocryptodaily
DeFi and Web3 are Broken. Developers Can Fix it Using Blockchain 
Web2 and Web3 are similar technologies, but developers approach challenges differently. Web2 focuses on reading and writing content, whereas Web3 focuses on creating content. The latter utilizes blockchain technology to facilitate user information exchange and enhance security. Around 20,000 smart contract developers work full-time in DeFi and Web3, but it's a small number of the 27 million developers globally. At the same time, the number of Unique Active Wallets interacting with blockchain applications reached an average of two million per day. Still, compared to Web2 app Instagram’s 500 million daily active users and 4.2 billion likes per day - blockchain apps fight to onboard users. Ethereum and its Solidity programming language have long been the go-to choice for DeFi developers building financial services on the blockchain. However, DeFi on Ethereum has seen over $285m in hacks; the rewards could be more fairly shared, and Ethereum continues to be congested and expensive. These issues cause developers to hurry to alternatives like NEAR, Avalanche, and Solana to offer financial services. But unfortunately, they also spend countless hours ensuring their decentralized application is secure, only to wake up and realize bad actors drained millions of dollars of users' funds. At the same time, business leaders search the earth for people with the skills needed to build smart contracts and do whatever it takes to find users prepared to put up with the inferior user experiences presented by DeFi apps. Only to be further capped by network congestion and fees. As we rapidly enter the Web3 era, where value and data quickly move across decentralized platforms with distributed ownership and authority, entrepreneurs and developers need the tools to craft ideas and build quickly, easily, and safely. Moreover, if DeFi is to ever scale beyond crypto natives, developers in Web3 need standardized tools to build applications with user experience at the core. The argument for better DeFi Consumer saving and spending arguably power the world. As a result, we, the little guys, control the most critical parts of the global economy and financial system. The internet was all about information, but DeFi is about money - and in a world where cash is power, DeFi flips the model on its head. Most people these days spend and save using a bank, limited by regulatory compliance and further legacy issues. Web3 gives rise to a new way of doing things. New financial products built using smart contracts allow consumers to move between providers in seconds, all from the comfort of a mobile device. DeFi also creates more competition for building financial products by lowering the barrier to entry, sharing a user base between applications, and letting money move instantly and seamlessly between opportunities. The argument is that decentralized financial programs like Aave, Uniswap, and MakerDAO can directly control assets and allow financial products to operate 24/7, all year round, with 100% uptime and no staff, which will be appealing to end-users if presented in the right way. Sticky points Arguably the end-user experience of most decentralized apps leaves much to be desired. Blockchain wallets and asset custody, alongside a complex web of transactions and signatures, await beginners, while hardened veterans navigate the space with caution, often making mistakes. At the same time, according to DeFi Lama’s hack rankings, more than $700m was siphoned out of the crypto space in malicious attacks from the start of October 2022 to date. So if DeFi is to succeed, users must be able to trust and use the services offered in an intuitive, familiar, almost Web2 way. For that to happen, blockchain platforms must provide more incentives for Web2 developers and pioneers to leave a familiar world and embrace Web3. These incentives don't need to be financial but provide builders with the tools to deliver stunning products. Executives at tech giants like Google, Facebook, and Amazon will likely lead the way, leaving high-profile jobs at market-leading brands to take positions in the promising blockchain space. Polygon and Circle have hired top talent from tech firms, enticing them with the angle of working on the next big thing in Web3. Further Silicon Valley talent heading for crypto includes Sherice Torres, the former Chief Marketing Officer of Facebook’s crypto and payments team, Novi. At the same time, Amazon Cloud executive Pravjit Tiwana joined Gemini as its Chief Technical Officer. Add to this a series of mass layoffs in the tech sector, including Twitter, Amazon, and Meta’s dismissal of thousands of workers amidst the highest rates of global inflation seen for decades. This creates an incredible opportunity for businesses that previously wanted to expand their tech and payment capabilities but couldn’t because of the shortage of talent available. As a result, blockchain firms can now compete with recruiters from Silicon Valley for the brightest minds with a track record of taking products to market. Arguably, there has never been a better time to think about leaping into Web3 and DeFi development as more powerful tools, and no code solutions come online for those with a solid programming foundation. Playing around proves useful Gaming, and more importantly, the Unity game engine, led the way regarding the standardization of tools needed to build games. It gave game developers rendering and basic physics engines from which to build—altogether simplifying the process, lowering the barrier to entry, and making way for innovation and healthy competition. As a result, games got more complex while libraries of reusable art and in-game items became available for other developers to use creatively. As a result, developers, entrepreneurs, and users rushed in. With this straightforward invention of an engine and powerful tools, gaming grew bigger than music, TV, and film combined to become a billion-dollar industry. Ethereum has by far the most developers in the space, and according to DappRadar, more than 3500 dapps currently run from its smart contracts. The network is also the layer for many cryptocurrencies and blue-chip NFTs. However, as discussed earlier, Ethereum is no longer the sole player in smart contracts and Web3 development. Moreover, Ethereum doesn't offer developers plug-and-play solutions to build dapps. Instead, developers tend to fork existing applications, as was the case for Sushiswap, a fork of Uniswap. In this scenario, developers often take the bad UX from the forked application, choosing not to improve it. Ethereum is simply an industry-standard choice. However, as MySpace fell from its once high perch, and as competition increases and developers focus on end-users, other networks deliver solutions that entice Web2 builders to leap. There are solutions One blockchain stack applying the plug-and-play model outlined by Unity to decentralized finance and Web3 is Radix. The company, with its roots in the United Kingdom, has been working to deliver seamless DeFi for a decade and showcased its Radix Engine, which promises to be the Unity engine of DeFi, at an event called RadFi, where CEO Piers Ridyard laid bare the inefficiencies of DeFi. “Right now, crypto, DeFi, and Web3 are just one big glorified tech demo. For everyday people to use it, we've got to improve it radically.” Piers Ridyard, CEO of Radix At the virtual Keynote event, CEO Piers Ridyard also said what differentiates Radix is the fundamental shift in how the platform is built. The network features the world’s first programmable DeFi engine that takes concepts such as tokens and vaults and makes them native and fully interoperable. In addition, there’s a catalog of tools and pre-made solutions where Web2 developers can find helpful building blocks. The Radix engine promises to remove all the complex, low-level work that Web3 and DeFi developers spend 80% of their time on other platforms. Creating a programming language specifically for Web3 and DeFi called Scrypto, Radix hopes to tempt millions of Web2 developers into Web3. But, more importantly, provide them with a soft landing and the ability to build scalable DeFi products. Radix also claims they studied how bad actors were hacking applications built on public networks like Ethereum. For example, events such as reentrancy attacks, spend approval attacks, or signature manipulation attacks have cost the Ethereum ecosystem millions. The Radix Engine makes many of these attacks impossible, prioritizing asset security as a primary network operation, not an afterthought. Another Layer-1 blockchain trying to simplify the developer building process is Fuse Network, with its Charge product and Fuse Cash wallet. Charge takes a drag-and-drop approach to DeFi and payment infrastructure, partnering with ecosystem allies and matching them to build on their no-code platform. With a close focus on everyday payments and DeFi, Fuse and Radix are just a few of many teams out there trying to entice Web2 developers to embrace crypto and DeFi by helping them provide an experience similar to that of Web2 without investing years of study. Focus where it matters User experience in DeFi and decentralized apps has arguably suffered as brilliant people worked on the wrong problems. Successful Web3 developers may focus on pushing the boundaries of blockchain technology and the inner workings of finance and tokenomics. Still, it comes at the expense of genuinely usable applications that the mainstream user could adopt and feel safe using. Solutions like the Radix Engine could profoundly affect the industry and attract Web2 developers to build mobile-first, user-friendly applications delivering DeFi and crypto solutions. In addition, Web2 developers bring a wealth of user onboarding and knowledge that could hold the key to the mass adoption of decentralized applications. With tools becoming available Web2 developers can tap into battle-hardened code, spend less time on day-to-day app maintenance and security, and allocate resources to building beautiful applications that work, gain traction, and deliver a smooth user experience. In addition, web2 developers can join and complement the work already done by leading blockchain teams while not having to risk learning complex new programming languages. Another thing that attracts Web2 developer talent from big tech companies to Web3 is money. According to data from Blind, a social network for professionals, Coinbase offers as much as $900,000 a year for software engineers. At the same time, the average salary for Web3 developers ranges between $75,000 and $200,000. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
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About TerraUSD

The live price of TerraUSD (UST) today is 0.023583 USD, and with the current circulating supply of TerraUSD at 10,254,322,419.51 UST, its market capitalization stands at 241,826,550 USD. In the last 24 hours UST price has moved 0.003776 USD or 0.18% while 887,027 USD worth of UST has been traded on various exchanges. The current valuation of UST puts it at #122 in cryptocurrency rankings based on market capitalization.

Learn more about the TerraUSD blockchain network and how it works or follow the price of its native cryptocurrency UST and the broader market with our unique COIN360 cryptocurrency heatmap.

TerraUSD Price0.023583 USD
Market Rank#122
Market Cap241,826,550 USD
24h Volume460,268 USD
Circulating Supply10,254,322,419.51 UST
Max SupplyNo Data
Yesterday's Market Cap250,099,570 USD
Yesterday's Open / Close0.020614 USD / 0.02439 USD
Yesterday's High / Low0.025515 USD / 0.020482 USD
Yesterday's Change
0.18% ( 0.003776 USD )
Yesterday's Volume887,027.30 USD
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