What is Lunar (LNR) crypto?

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 What is Lunar (LNR) crypto?
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  • Lunar is a decentralized finance (DeFi) ecosystem that intends to make cryptos more accessible for the masses.
  • LNR gave a return of 134.43% YTD.
  • The token's total and maximum supply is 1 quadrillion.

The global crypto market has witnessed a sharp decline this year, after a significant rally in 2021. Economic factors like Fed Reserve's anticipated interest rate hikes, Omicron breakout, and the recent geopolitical tensions have affected the market.

The market had shown some gains this week, however, the global crypto market declined in the morning. The market plummeted by 2.04% to US$1.91 trillion at 6:14 am ET on Thursday, while the one-day volume was US$88.07 billion, representing a decrease of 20.66% from the previous day, according to CoinMarketCap data.

That said, one cryptocurrency called Lunar (LNR) has gained traction in the market. The LNR token price soared over 11% at the time of drafting, while its volume skyrocketed over 119%.

Also Read: Why is Origin Protocol (OGN) gaining attention?

Key details about Lunar (LNR) crypto?

Lunar is a decentralized finance (DeFi) ecosystem that intends to make cryptocurrencies more accessible, coherent, and easier for the masses.

It intends to simplify the whole process of the cryptos and non-fungible tokens (NFTs) trading by bringing them into a single, interconnected platform with a flawless user experience.

It aims to re-centralize DeFi for the users while creating a single place for all the tools needed by the users to trade or research cryptocurrencies. This includes wallets and wallet aggregation, trading, price charts and information on tokens, farming, staking, etc.

Also Read: What is MetisDAO (METIS) crypto? Know price and performance

Its native token, LNR, is a Binance Smart Chain token that enables the users for making smooth transactions within the Lunar ecosystem. It serves as the main connective tissue with Lunar.

Notably, Lunar's collection of 3D-animated non-fungible tokens, Lunar Crystals, unlocks special powers for the holders when plugged into the Lunar ecosystem.

Also Read: Why is Chiliz (CHZ) crypto gaining attention?

Lunar (LNR) crypto’s price and performance                                               Source: *Data provided by CoinMarketCap.com

Bottom line:

The LNR token was priced at US$0.00000002635 per token at the time of writing and its volume for the last 24-hours was US$1.33 million. It has a market cap of US$20.57 million and its fully diluted market cap is US$26.35 million.

The token's total and maximum supply is 1 quadrillion, and its current circulating supply is around 784.17 billion. LNR gave a return of 134.43% YTD.

Also Read: What is Ankr (ANKR) crypto?

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