Validators process transactions and receive fees from users (supply-side fees).

Terra is a smart contract platform for decentralized applications (a blockchain). Terra was founded by Daniel Shin and Do Kwon and launched in 2018. Terra Classic's stablecoin UST collapsed in 2022 due to a cryptocurrency equivalent of a bank run. Terra was forked shortly after, leading to the current Terra and its predecessor Terra Classic. This dashboard tracks the new Terra blockchain.

LUNA holders own and govern the protocol. They take a cut of the total transaction fees paid by users (revenue) that is then rewarded to contract owners (cost of revenue). Terra’s investors include Coinbase Ventures, Galaxy Digital, Pantera Capital, etc.

governance

github

twitter

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Blockchains (L1)

Terra

# Terra Contracts deployed Methodology

## 1. Overview

The Terra contracts deployed metric measures the daily number of smart contracts deployed on the Terra blockchain. This metric provides insight into development activity and ecosystem growth by tracking when new contracts are instantiated on the network. The calculation aggregates contract creation events by day to produce a time series showing daily deployment activity.

## 2. Data sources

- **Terra blockchain contract data**: Smart contract creation records from Terra blockchain, including contract instantiation events captured by Terra validator nodes
- **Contract metadata**: Information about deployed contracts including creation timestamps, contract addresses, and deployer addresses
- **Blockchain transaction data**: Underlying Terra blockchain transaction data that contains contract deployment transactions

## 3. Step-by-step calculation

### Component A: Contract creation extraction
- **Purpose**: Identifies and extracts all smart contract deployments from Terra blockchain data
- **Logic**: Retrieves contract creation records from Terra blockchain data, capturing the `creation_timestamp`, `contract_address`, and `deployer_address` for each deployed contract. Applies distinct filtering to ensure each contract creation event is counted only once, preventing duplicate counting of the same contract deployment
- **Key fields**: `creation_timestamp` (when contract was deployed), `contract_address` (unique identifier for deployed contract), `deployer_address` (address that deployed the contract)

### Component B: Daily aggregation
- **Purpose**: Groups contract deployments by day and counts total deployments
- **Logic**: Truncates contract creation timestamps to daily boundaries using day-level time truncation. Groups all contract creations by the truncated daily timestamp and counts the total number of contracts deployed each day. Adds standard metric metadata including chain identifier as 'terra', market sector as 'blockchains_l1', and business segment as 'blockchain'
- **Key fields**: `timestamp` (daily boundary), `contracts_deployed` (count of contracts created per day), chain and sector metadata fields

### Final aggregation
- **Combining components**: The daily contract counts are processed through the finalize metric macro which standardizes the output format and ensures data quality
- **Time aggregation**: Contract deployments are aggregated to daily boundaries, creating a continuous daily time series
- **Gap filling**: Uses 'fill_zeros' strategy to ensure days with no contract deployments show zero values rather than missing data points, maintaining complete daily coverage
- **Final calculation**: The final metric value represents the total count of unique smart contracts deployed on Terra blockchain for each calendar day, with chain availability filtering applied to ensure data quality and completeness

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique smart contracts published onchain.

TerraLUNA

Archived

Contracts deployed

Contracts deployed

Competitive landscape