In the month of June, Terra underwent multiple integrations and passed a few governance proposals, which looked optimistic for the blockchain. However, LUNA continued suffering.
Terra’s resurgence continued in June with the official release of Warp Protocol. The company also announced its plans to go interchain and leverage its fee mechanism to buy back and burn LUNA, adding to its deflationary characteristics.
The blockchain also had a few developments surrounding PixeLions, a new NFT collection on Terra. Interestingly, it sold out its mint and enabled staking of its NFTs on Enterprise Protocol. Apart from these, 2 governance proposals were passed in the month of June.s per the report, Prop 4726 and Prop 4728 were passed in June.
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