SPLITLUNC & LUNA

LUNC is Terra Classic (columbus-5). LUNA is Terra (phoenix-1). There is no redemption between them. Sending either ticker to the other chain does not arrive and is not a conversion. A price ratio is spot value only.

1 LUNA = — LUNC. Spot only. Not a redemption rate.

Both chains use a terra1 account prefix. The prefix does not tell you the chain. A columbus-5 address can be pasted into a phoenix-1 wallet and still not arrive.

EDUCATION

The split

Columbus-5 was renamed Terra Classic. The ticker is LUNC. UST became USTC. Market swaps were disabled. Balances stayed.

Phoenix-1 launched as a second chain. Genesis was scheduled for 27 May 2022. Public trading was 28 May 2022. There is no algorithmic stable. Genesis supply was 1 billion LUNA. 700 million was allocated to Classic stakeholders. That allocation did not convert LUNC into LUNA.

Snapshots

Cited to the Terra exchange-migration guide.

  • Pre-attack columbus-5 block 7,544,910. 7 May 2022, 22:59:37 UTC+8.
  • Post-attack block 7,790,000. 27 May 2022, 00:38:08 UTC+8.
  • Airdrop shares of the new 1 billion: pre-attack LUNA 35%, pre-attack aUST 10%, post-attack LUNA 10%, post-attack UST 15%.
  • The other 30% was not a holder airdrop.

LUNC

Terra Classic

  • Chain id columbus-5.
  • 1.50% on-chain tax. Exchange trades are not the tax base.
  • On-chain supply is 6.44T. Still the large supply.
  • Validators and governance ship it. Terraform Labs does not.

LUNA

Terra

  • Chain id phoenix-1.
  • No Classic burn tax.
  • On-chain supply is 1.29B. A separate supply, not a rename.
  • A second chain. A LUNC balance is not a balance here.

Not interchangeable

  • bLUNC is not bLUNA and not ampLUNA.
  • USTC is not SOLID and not USDC.
  • A Hyperlane LUNC on another chain is not phoenix-1 LUNA.
  • Astroport on Terra is not Astroport Classic.

Classic

DefiLlama Terra Classic · columbus-5, as of 2026-10-29 12:48 UTC.

  • WESO · DEX

    $339.86K

    Classic · Live

  • Terraswap · DEX

    $272.55K

    Classic · Live

  • CL8Y · DEX

    $111.57K

    Classic · Live

    Tax-on-wrap is a venue design, not a change to the 1.50% parameter.

  • GarudaDefi · DEX

    $89.22K

    Classic · Live

  • Terraport · DEX

    $69.27K

    Classic · Live

  • Eris · Liquid staking

    $9.67K

    Classic · Live · shared site, switch network

  • Loop · DEX

    $6.86K

    Classic · Live

  • Juris · Lending

    $4.77K

    Classic · Live

  • Edge · Lending

    $3.27K

    Classic · Live

  • Soluna · Yield

    $1.80K

    Classic · Live

  • Synapse · Cross-chain bridge

    $1.81K

    Classic · Live

  • TFM · DEX

    $946.52

    Classic · Live

  • White Whale vaults · Vaults

    $75.95

    Classic · Live · shared site, switch network

Closed

Zero or deprecated. Not linked as markets.

  • Starterra · Launchpad

    No DefiLlama chain TVL

    Classic · Zero or deprecated

  • Astroport Classic · DEX

    No DefiLlama chain TVL

    Classic · Zero or deprecated

  • Valkyrie · Launchpad

    No DefiLlama chain TVL

    Classic · Zero or deprecated

  • INK · Yield

    No DefiLlama chain TVL

    Classic · Zero or deprecated

  • TerraFloki · DEX

    No DefiLlama chain TVL

    Classic · Zero or deprecated

  • PRISM · Yield

    $0

    Classic · Zero or deprecated

  • Mars Lend · Lending

    $0

    Classic · Zero or deprecated

  • Angel · Charity

    No DefiLlama chain TVL

    Classic · Zero or deprecated

  • Aperture · Liquidity manager

    $0

    Classic · Zero or deprecated

Terra

DefiLlama Terra2 · phoenix-1, as of 2026-10-29 12:48 UTC.

  • Astroport · DEX

    $2.66M

    Terra · Live · shared site, switch network

    Tokenholder governance on Terra and Neutron was disabled 8 October 2026 after the 22 September attack. Pools still exist. Emissions are set to zero.

  • Eris · Liquid staking

    $1.79M

    Terra · Live · shared site, switch network

  • White Whale Dex · DEX

    $295.63K

    Terra · Live · shared site, switch network

  • BackBone Labs · Liquid staking

    $92.75K

    Terra · Live · shared site, switch network

  • SOLID · CDP, not a chain peg

    $88.15K

    Terra · Live

  • Terraswap · DEX

    $44.25K

    Terra · Live

  • Spectrum · Yield

    $7.78K

    Terra · Live · shared site, switch network

  • Stride · Liquid staking

    $5.56K

    Terra · Live · shared site, switch network

  • Phoenix DEX · DEX

    $5.56K

    Terra · Live

  • Ura · DEX

    $3.04K

    Terra · Live

  • PRISM · Yield

    $2.18K

    Terra · Live

bLUNA, ampLUNA, and stLUNA are different receipts.

Terra, unranked

From the phoenix.money ecosystem list. No TVL on this roll.

Bridges

  • Hyperlane warp routes move LUNC and USTC to Ethereum, BNB Smart Chain, and Solana. Collateral sits on Classic. Domain 132556. Proposal 12200. A representation, not a conversion to LUNA.
  • Allbridge Classic and the old Terra Bridge are legacy residual.
  • USDC.n, axlUSDC, and USDC.inj are different denoms.