• The Terra Luna Classic community has enthusiastically embraced the v2.4.2 upgrade proposal, signaling a unified commitment to the platform’s evolution and security.
• With key developments including the introduction of IBC-Hooks and a major security overhaul by Genuine Labs, alongside the listing of LUNC spot and futures pairs on WEEX, Terra Luna Classic’s ecosystem is poised for further growth and innovation.

The Terra Luna Classic community is buzzing with excitement as the highly anticipated software upgrade proposal, dubbed “Upgrade v2.4.2,” has successfully surpassed the pass threshold. This crucial upgrade, which will see the terrad client updated to v2.4.2 (upgrade name v7), has garnered overwhelming support from validators and community members alike. Scheduled to take place at block height 17309000, the Terra Luna Classic chain will undergo the upgrade on March 25, at 16:00 UTC, as reported by StakeBin data.

Unanimous Community Support

With a resounding 100% “Yes” votes from both LUNC holders and validators, the proposal’s passage underscores its significance within the Terra Luna Classic ecosystem. Notably, prominent validators such as Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto have all thrown their weight behind the upgrade, signaling a unified commitment to the platform’s evolution.

Key Developments in the Upgrade

Following extensive discussions within the community, several key changes have been incorporated into the proposal. The removal of the package-forward-middleware (PFM) from the mainnet release and the addition of a minimum initial deposit requirement are among the notable alterations. Moreover, the upgrade will introduce crucial enhancements, including:

• Introduction of IBC-Hooks to facilitate the onboarding of dApps, particularly the Enterprise DAO.
• Implementation of an End-to-End (E2E) and Interchain Testing Suite to enhance network robustness.
• Resolution of issues pertaining to the processing of MsgExec in Tax Ante Handler.
• Addition of tests for MsgExec handling and fix for minimum initial deposit handler.

Also Read:Terra Luna Classic Approves Major Core Upgrades for Enhanced Security and Functionality

Security Upgrade Proposal by Genuine Labs

In tandem with the v2.4.2 upgrade, the Terra Luna Classic community has greenlit Genuine Labs’ proposal for a major security overhaul. This proposal entails updating key components to Cosmos SDK 0.47.10, IBC go v7, and Wasmd 0.45.0, further fortifying the platform’s resilience against potential threats.

LUNC Spot and Futures Listing

Singapore-based cryptocurrency futures trading platform WEEX has announced the listing of LUNC spot and futures pairs, marking another milestone for the Terra Luna Classic ecosystem. Users can now engage in trading LUNC/USDT futures and LUNC/USDT spot pairs, effective March 11.

Market Performance

Amidst the flurry of developments, the price of LUNC has experienced a modest uptick, with a 1% increase over the past 24 hours and a 4% surge over the course of a week. Currently trading at $0.000190, LUNC’s 24-hour trading volume has seen a slight decline of 4%.

In parallel, USTC, another integral asset within the ecosystem, has witnessed a similar uptrend, registering a 1% price increase in the last 24 hours. Trading at $0.0350, USTC has also observed a 4% uptick in trading volume over the same period.

As Terra Luna Classic continues to forge ahead with its ambitious roadmap and ecosystem expansions, these developments signal a promising trajectory for the platform and its native assets.