The community of Terra Luna Classic has accumulated over 5 billion LUNC, with additional USTC in the pool according to StakeBin data. However, concerns have been raised regarding the underutilization of these funds and a noticeable decrease in development activities on the chain.

Data from DefiLlama shows a significant drop in development commitments on the network, from 760 in March 2023 to 371 in March 2024. Currently, the total number of commitments stands at 79, reflecting the challenges faced by the Terra Luna Classic community in transitioning to KYC requirements for developments.

Proposals such as pay-per-job (PPJ) have been met with rejections, cancellations, and developers refusing to engage in development work on the chain. The decline in total value locked (TVL) from $7.51 million to $2.27 million also indicates a decrease in contributions to projects within the community.

Efforts to create a new specialized team for the Terra Classic chain have been rejected by the community, with concerns raised by validators regarding potential centralization risks and conflicts with existing pay-per-job structures. The price of LUNC has seen a 7% drop, trading at $0.00009742 with decreased trading volume, while USTC has also experienced a 7% decline, with buyers at $0.01649.