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Event ends: August 9, 16:00 UTC
More details: https://www
At certain specific times or in certain aspects, Luna's popularity surpassed that of Ethereum, but overall and in the long term, Ethereum's recognition and influence remain broader and deeper.
In 2021 - 2022, Luna experienced an epic surge, with the price rising from $0.1 to $119, attracting a large number of speculators and media coverage. Subsequently, in May 2022, Luna collapsed due to the UST depeg, ultimately going to zero. This event became one of the most famous disaster cases in cryptocurrency history, making headlines in global finance. Its founder, Do Kwon, was also wanted by Interpol for publicly provoking regulatory agencies and fleeing, which further amplified LUNA's notoriety. These extreme events, speculative hype, and controversies surrounding the founder led to Luna gaining immense attention in a short period, surpassing Ethereum's notoriety during that time.
However, Ethereum is the pioneer and leader in smart contracts and decentralized finance (DeFi), with a large and mature ecosystem, far surpassing Luna in terms of market capitalization, number of developers, and on-chain applications. Its technological innovations and industry-driving role in the blockchain field are profound, and it is widely regarded as the second most important cryptocurrency after Bitcoin, with a broader user base and longer-term stable development, establishing a more solid foundation of recognition and influence in the entire cryptocurrency industry and financial sector. #Gate广场创作者星火计划:入驻享每月超$10,000奖池#