Is Terra Luna a Layer 1 blockchain?

Terra, a DeFi-centric layer-1 protocol built using Cosmos , has also rebounded by nearly 12% after a brutal week which resulted in LUNA, the network’s native token, shedding nearly 20%. LUNA’s gains appear to revolve around returning trust in the network’s U.S. dollar-pegged stablecoin.1 Şub 2022

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