UST Supply VS Luna Price

A governance proposal for the network was recently approved to destroy, or burn, about 88 million Luna from the community pool, swapping it for UST, Terra’s stablecoin. UST itself now has a market value of $9.13 billion, compared with $3.8 billion on Nov. 10. Developers of cryptocurrencies often burn coins to increase scarcity. Terra is the fifth-largest smart contract platform by total value locked (TVL) at $11.87 billion, according to data from DeFi Llama. TVL is the total value of the cryptocurrency committed to DeFi protocols that are built on a given blockchain. we will monitors and evaluates the relationship between Luna price and UST supply.