Yet another top-tier smart contracts hosting platform can now be used by GetBlock clients for their DeFis and wallets.
Terra, second largest DeFi platform, makes it to GetBlock
You asked, we delivered: Terra (LUNA), a largest smart contracts platform for DeFi scene outside Ethereum, is now available through GetBlock’s API toolkit.
In March, 2022, our engineers rolled out shared and dedicated nodes for Terra (LUNA) blockchain. Terra’s mainnet can be reached through the REST API interface. Both shared and dedicated nodes software is upgraded to the latest v0.5.17 version.
Our Terra’s dedicated nodes work on high-performance servers in Europe, US, and Asia. To ensure maximum resource-efficiency, we integrated a 16-thread CPU with 64 GB DDR4 RAM and NVMe SSDs. Average speed for Terra connection is 1 GBit/Sec with 99.85 % uptime (7-day average).
Dedicated nodes for Terra-based dApps can be activated by request. Shared nodes can be connected seamlessly in accordance with paid and free (demo) tariff plans.
Adding Terra nodes is a major milestone: let’s celebrate it together! GetBlock team announces two promo campaigns for Terra pioneers:
- 40,000 free requests for Terra shared nodes users: start exploring Terra for free!
- 2+1: lease your Terra dedicated node for two months, and get one month of unlimited requests for free.
What is under the hood of our Terra APIs?
To display the opportunities unlocked by Terra nodes, our engineers released a demo of how our users can check the block height of Terra (LUNA) for their nodes.
In this demo, ‘x-api-key’ should be referred to as a unique ID used by our systems to identify its clients. As displayed above, in the demo we find out the number of last blocks added by Terra (LUNA) validators to their network.
Tech-savvy enthusiasts of DeFi and Web3 can fork our code and experiment with its opportunities themselves.
In 2022, Terra seems to be challenging Ethereum supremacy in DeFi. Why?
Terra blockchain and its core native crypto asset LUNA are among the hottest spheres for decentralized finances in 2022. In less than one month, total value locked across all Terra-based DeFis added almost 65%.
Currently, its TVL is over $26,7 billion which is more than twice as high as that of BNB Chain (ex. Binance Smart Chain), Terra’s closest competitor.
Terra’s token ecosystem includes LUNA as its flagship native cryptocurrency and Terra USD (UST), its algorithmically-backed stablecoin pegged to the U.S. Dollar. UST is the largest decentralized stablecoin with $16B market capitalization.
Anchor, a multi-platform protocol that offers 19% yield on UST stablecoin, is Terra's most popular DeFi. Lido and Astroport protocols are also in Top 3.
Terra revolution is only a few clicks away from your dApp: feel free to contact our customer success team in Telegram and order your first Terra node today.
