Although the LUNC community seemed elated about the update, there were notable downtrends on-chain.
metric did not experience a significant boost. The metric measures the rate of contribution by developers to an ecosystem. At press time, the development activity was 5.93.
The decrease means that public GitHub repositories geared towards improvements on the Terra network were not impressive. Likewise, social dominance also followed a downtrend to 0.338%. Social dominance shows the aggregate share of discussion related to an asset when compared to others in its category.
Therefore, the decline implied that LUNC was not part of the top 100 assets by market capitalization that was getting hyped.In spite of the decrease, the LUNC community seemed excited about the announcement., LUNC was positioned at number 82. For context, market capitalization takes into consideration the total supply — burned and circulating of an asset multiplied by its price.
At press time, LUNC’s market cap was down to $512.63 million. This inferred that the token had lacked a lot of entering its ecosystem. On the other hand, its price was not any better.With the value at $0.000087, it means the price had decreased by 20.35% in the last 30 days. Moreover, there was no assurance that the parity upgrade would impact
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