How the LUNC burn total is calculated
The LUNC total is the fall in LUNC’s supply since its peak on 13 May 2022. Burns that can be traced to a transfer or to the transaction tax are counted as such, and a daily reconciliation amount covers the rest of the fall.
Because the reconciliation line is whatever the other two leave over, the three lines always add up to the supply reduction, and no burn is counted twice.
Which LUNC burns are counted
Direct burn-wallet transfers
Anyone can burn LUNC by sending it to Terra Classic’s official burn module. The tracker adds up the amount, in uluna (LUNC’s smallest unit), of every successful transfer to the burn module. Transfers from the protocol’s fee collector are left out here, because they are the tax burns below.
The transfers are read from the chain’s own block and transaction-result data, matched by block height. Coverage begins at the reviewed peak-supply cutoff on 13 May 2022. Where early burns can’t be attributed to an account, the reconciliation line below covers the gap.
On-chain tax burns
Terra Classic charges a burn tax on transactions. The amount to be burned moves from the fee collector to the burn module, where the treasury’s burn at the end of the block destroys it. The tracker adds up those fee-collector transfers, in uluna.
Exact records exist from 17 December 2024. Tax burns before that date, and any that can’t be attributed, are counted only in the reconciliation line.
Supply-change reconciliation
Part of LUNC’s supply reduction can’t be traced to a single transfer. So for each UTC day the tracker takes the fall in LUNC’s official supply, in uluna, and subtracts the direct and tax burns already counted for that day. What is left is that day’s reconciliation amount. If the supply rose on a day, the amount is negative, and it is kept as a negative adjustment.
The daily supply series is rebuilt from the official supply at exact UTC day boundaries, starting at block 7,607,789. When a direct or tax burn is attributed late, the reconciliation amount for that same day is recomputed. A burn is never moved from one day to another.
What the record covers
The supply baseline is 6,907,376,873,996.218510 LUNC, the supply at Terra Classic block 7,607,789. That was LUNC’s peak after the collapse, and everything on this page starts there.
Because the reconciliation line picks up whatever the other two miss, a burn that can’t be attributed still counts as supply reduction.
What is not counted
- Activity before the supply peak at block 7,607,789 on 13 May 2022.
How the figures on this page are calculated
Every tracker works out its figures the same way. Days are UTC calendar days.
| Figure | How it is calculated |
|---|---|
| Total burned | Every accepted daily amount of every mechanism, from the date that mechanism’s coverage starts. A record counts only once it is final: a finalized burn record, or a finalized daily figure from the chain’s official data provider. Duplicates and records held back for review stay out. |
| Today, 7-day and 30-day burn | Burns are added up by UTC calendar day. Today is the current UTC day. The 7-day and 30-day figures add the current day and the 6 or 29 days before it. A day with no record adds zero, and opening balances are left out. |
| Daily and moving averages | The 7-day and 30-day averages on the cards divide those totals by 7 and 30. The average lines on the charts are plain averages of the last 7, 30, 90 or 365 daily rows, or of as many as there are. |
| Daily USD estimate | The day’s burn × the last CoinGecko USD price stored on that same UTC day. It is shown with ≈ and rounded. It is left out when no price was stored that day, and on cumulative-chart points that include an opening balance, because that balance built up before the date shown. It is a reference value: not the price at the time of each burn, not a volume-weighted price, and not sale proceeds or an exact trade value. The figure for the current UTC day can still change as burns and prices arrive. |
| Burned supply | Total burned ÷ the all-time peak supply × 100. That baseline is not the latest circulating supply, and it comes from a different source than the market data. |
| Mechanism and contributor shares | A mechanism’s amount ÷ the total burn on record, or a known contributor’s amount ÷ that total. Burns with no known sender stay in the total and are not assigned to anyone. |
| Cumulative chart | For the range you select, the chart starts at the all-time total minus the days in the range, then adds each UTC day back in order. The change over the range is the last value minus the first. |
| Burn calendar | A cell is the sum of all mechanisms for that day. Its colour ranks the day against the others, by relative size or by percentile, and never changes the amount. A day with no record is blank, which means unknown. The exception is a tracker whose every mechanism proves the day, in one of two ways. Either the mechanism holds every transfer into its burn addresses, or their exact balances, from the start of its coverage, checks them against the on-chain balances on each update, and has checked past the end of that UTC day. Or its history is complete and closed, because the chain or program that burned can burn no more. On those trackers a day with no burn shows as 0. |
| Time to burn another 10% | (Latest reported total supply × 10%) ÷ the selected daily burn pace ÷ 365.25, in years. It is a straight-line scenario, not a forecast: it assumes supply policy, issuance, activity and burn rate all stay as they are. |