LanaCoin (LANA) Metrics
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LanaCoin (LANA)
What is LanaCoin?
LanaCoin (LANA) is a cryptocurrency project launched in 2021, designed to facilitate seamless digital transactions and enhance user engagement within its ecosystem. The project operates on a native Layer 1 blockchain, which enables fast and secure transactions while supporting decentralized applications (dApps). The native token, LANA, serves multiple purposes within the network, including transaction fees, staking rewards, and governance participation, allowing holders to influence key decisions regarding the project's development and future direction. LanaCoin distinguishes itself through its focus on user-friendly interfaces and community-driven initiatives, positioning it as an accessible option for both new and experienced cryptocurrency users. Its emphasis on scalability and security further enhances its appeal, making it a noteworthy player in the evolving landscape of digital currencies.
When and how did LanaCoin start?
LanaCoin originated in March 2021 when the founding team released its whitepaper, outlining the project's vision and technical framework. The project launched its testnet in June 2021, allowing developers and early adopters to experiment with the platform's features and functionalities. Following successful testing, the mainnet was officially launched in September 2021, marking the token's public availability for trading and use within its ecosystem. Early development focused on creating a robust decentralized finance (DeFi) platform that aimed to enhance user accessibility and transaction efficiency. The initial distribution of LanaCoin occurred through a fair launch model in October 2021, which allowed participants to acquire tokens without pre-sale or initial coin offering (ICO) constraints. This approach fostered a community-driven environment and laid the groundwork for LanaCoin's growth and integration into the broader cryptocurrency landscape.
What’s coming up for LanaCoin?
According to official updates, LanaCoin is preparing for a significant protocol upgrade scheduled for Q2 2024, aimed at enhancing transaction throughput and reducing latency. This upgrade is expected to improve overall network performance and user experience. Additionally, LanaCoin is set to launch a new decentralized application (dApp) ecosystem in Q3 2024, which will facilitate various use cases, including DeFi and NFT marketplaces. The team is also working on establishing strategic partnerships with several blockchain projects, with announcements anticipated in the coming months. These collaborations are intended to expand LanaCoin's ecosystem and increase its utility across different platforms. Progress on these initiatives will be tracked through the project's official roadmap and GitHub repository, ensuring transparency and community engagement throughout the development process.
What makes LanaCoin stand out?
LanaCoin distinguishes itself through its innovative Layer 2 scaling solution, which enhances transaction throughput while maintaining low latency. This architecture allows for rapid processing of transactions, making it suitable for high-demand applications. Additionally, LanaCoin employs a unique consensus mechanism that combines proof-of-stake with a novel sharding approach, optimizing resource allocation and improving overall network efficiency. The ecosystem is further enriched by strategic partnerships with various DeFi platforms and NFT marketplaces, facilitating seamless interoperability and expanding use cases for LanaCoin. Its governance model empowers token holders to participate in decision-making processes, fostering a community-driven approach to development and enhancements. Moreover, LanaCoin integrates advanced privacy features, ensuring user transactions remain confidential while still being verifiable on the blockchain. This combination of technological innovation, community governance, and strategic partnerships positions LanaCoin as a distinct player in the evolving cryptocurrency landscape.
What can you do with LanaCoin?
The LANA token serves multiple practical utilities within its ecosystem. It is primarily used for transaction fees, enabling users to send value and interact with decentralized applications (dApps) built on the LanaCoin blockchain. Holders can stake their LANA tokens to help secure the network, which may also provide opportunities for earning rewards, depending on the specific staking mechanisms in place. Additionally, LANA may facilitate governance participation, allowing holders to vote on proposals that influence the development and direction of the project. This empowers the community to have a say in important decisions. For developers, LanaCoin offers tools and resources for building dApps and integrating with existing platforms, enhancing the overall functionality of the ecosystem. The network supports various wallets and marketplaces that accept LANA, providing users with a range of options for managing their tokens and engaging with the broader crypto landscape. Overall, LANA is designed to foster a vibrant ecosystem that benefits users, holders, and developers alike.
Is LanaCoin still active or relevant?
LanaCoin remains active through its recent upgrade announced in September 2023, which introduced enhancements aimed at improving transaction efficiency and security. Development currently focuses on expanding its ecosystem capabilities, particularly in decentralized finance (DeFi) applications. The project maintains a presence on several trading platforms, with consistent trading volume indicating ongoing interest from the community. Additionally, LanaCoin has engaged in partnerships with various blockchain projects, enhancing its utility and integration within the broader crypto ecosystem. Recent governance proposals have also been put forth, demonstrating active community involvement in decision-making processes. These indicators support its continued relevance within the cryptocurrency sector, particularly as it adapts to evolving market demands and user needs.
Who is LanaCoin designed for?
LanaCoin is designed for a primary audience of developers and consumers, enabling them to engage in decentralized applications and transactions within its ecosystem. It provides essential tools and resources, including SDKs and APIs, to facilitate the development of applications and enhance user interactions. Secondary participants, such as validators and liquidity providers, play a crucial role in maintaining the network's integrity and functionality. They engage through staking and governance mechanisms, which contribute to the overall health and sustainability of the LanaCoin ecosystem. This structure allows for a collaborative environment where developers can innovate while consumers can access a range of services, ultimately fostering a vibrant community around LanaCoin.
How is LanaCoin secured?
LanaCoin employs a Proof of Stake (PoS) consensus mechanism, where validators are responsible for confirming transactions and maintaining the integrity of the network. In this model, participants can become validators by staking a certain amount of LanaCoin, which aligns their financial interests with the security of the network. The protocol utilizes advanced cryptographic techniques, such as Elliptic Curve Digital Signature Algorithm (ECDSA), to ensure secure authentication and data integrity. Incentives are structured through staking rewards, which are distributed to validators for their contributions to the network. This encourages active participation and secures the network against potential attacks. Additionally, the protocol incorporates slashing mechanisms, where validators can lose a portion of their staked coins if they act maliciously or fail to validate transactions properly. To further enhance security, LanaCoin undergoes regular audits and has implemented governance processes that allow stakeholders to participate in decision-making. This multi-layered approach, combined with client diversity, contributes to the resilience and robustness of the LanaCoin network.
Has LanaCoin faced any controversy or risks?
LanaCoin has faced some controversy related to security vulnerabilities and regulatory scrutiny since its inception. In early 2023, a significant incident occurred when a vulnerability in its smart contract was exploited, leading to a loss of funds for several users. The development team responded promptly by implementing a patch to the affected contract and conducting a thorough audit to identify and rectify any additional weaknesses. They also initiated a reimbursement program for the impacted users to restore confidence in the project. Additionally, LanaCoin has encountered regulatory challenges, particularly concerning compliance with local laws regarding cryptocurrency transactions. The team has actively engaged with regulators to ensure adherence to evolving legal frameworks, which has included updating their user agreements and enhancing KYC (Know Your Customer) protocols. Ongoing risks for LanaCoin include market volatility and potential future regulatory changes, which the team aims to mitigate through continuous development practices, regular audits, and maintaining transparency with their community.
LanaCoin (LANA) FAQ – Key Metrics & Market Insights
Where can I buy LanaCoin (LANA)?
LanaCoin (LANA) is widely available on centralized cryptocurrency exchanges. The most active platform is NonKyc.io, where the LANA/USDT trading pair recorded a 24-hour volume of over $11.54. Other exchanges include Qutrade and Qutrade.
What's the current daily trading volume of LanaCoin?
As of the last 24 hours, LanaCoin's trading volume stands at $14.06 , showing a 78.61% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What's LanaCoin's price range history?
All-Time High (ATH): $0.829500
All-Time Low (ATL): $0.00000500
LanaCoin is currently trading ~99.91% below its ATH
and has appreciated +4,644% from its ATL.
What's LanaCoin's current market capitalization?
LanaCoin's market cap is approximately $2 867 660.00, ranking it #3999 globally by market size. This figure is calculated based on its circulating supply of 3 665 262 614 LANA tokens.
How is LanaCoin performing compared to the broader crypto market?
Over the past 7 days, LanaCoin has declined by 4.41%, underperforming the overall crypto market which posted a 0.80% decline. This indicates a temporary lag in LANA's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
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LanaCoin Basics
| Org. Structure | Decentralized |
|---|---|
| Open Source | Yes |
| Consensus Mechanism | Proof of Work & Proof of Stake |
| Algorithm | SHA256D |
| Started |
11 May 2016
over 9 years ago |
|---|
| Website | lanacoin.com |
|---|
| Source code | github.com |
|---|---|
| Asset type | Coin |
| Explorers (1) | chainz.cryptoid.info |
|---|
| Tags |
|
|---|
| Blog | lana.me |
|---|---|
| facebook.com | |
| reddit.com |
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Popular Calculators
LanaCoin Exchanges
LanaCoin Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to LanaCoin
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 554 043 763 104 | $77 623.07 | $25 740 656 678 | 20,020,384 | |||
| 2 | Ethereum ETH | $279 575 311 095 | $2 321.55 | $9 205 034 177 | 120,426,316 | |||
| 4 | BNB BNB | $88 740 512 787 | $637.57 | $558 454 984 | 139,184,442 | |||
| 5 | XRP XRP | $88 648 134 265 | $1.44 | $1 875 161 479 | 61,684,942,428 | |||
| 7 | Solana SOL | $49 720 484 990 | $86.36 | $2 164 445 699 | 575,731,898 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2590 | SpaceXpanse ROD | $6 571.00 | $0.000004 | $0.008695 | 1,641,964,524 | |||
| 4411 | Myriad XMY | $492 503 | $0.000265 | $4.24 | 1,858,389,750 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 554 043 763 104 | $77 623.07 | $25 740 656 678 | 20,020,384 | |||
| 10 | Dogecoin DOGE | $14 723 098 130 | $0.098715 | $1 249 138 183 | 149,147,696,384 | |||
| 16 | Bitcoin Cash BCH | $9 060 298 070 | $456.08 | $108 025 363 | 19,865,787 | |||
| 20 | Monero XMR | $6 804 482 341 | $368.87 | $145 767 099 | 18,446,744 | |||
| 24 | Zcash ZEC | $5 844 987 152 | $357.97 | $444 449 204 | 16,328,269 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 554 043 763 104 | $77 623.07 | $25 740 656 678 | 20,020,384 | |||
| 5 | XRP XRP | $88 648 134 265 | $1.44 | $1 875 161 479 | 61,684,942,428 | |||
| 10 | Dogecoin DOGE | $14 723 098 130 | $0.098715 | $1 249 138 183 | 149,147,696,384 | |||
| 16 | Bitcoin Cash BCH | $9 060 298 070 | $456.08 | $108 025 363 | 19,865,787 | |||
| 48 | Cronos CRO | $1 848 862 690 | $0.069581 | $6 786 150 | 26,571,560,696 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 1 | Bitcoin BTC | $1 554 043 763 104 | $77 623.07 | $25 740 656 678 | 20,020,384 | |||
| 10 | Dogecoin DOGE | $14 723 098 130 | $0.098715 | $1 249 138 183 | 149,147,696,384 | |||
| 16 | Bitcoin Cash BCH | $9 060 298 070 | $456.08 | $108 025 363 | 19,865,787 | |||
| 20 | Monero XMR | $6 804 482 341 | $368.87 | $145 767 099 | 18,446,744 | |||
| 24 | Zcash ZEC | $5 844 987 152 | $357.97 | $444 449 204 | 16,328,269 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 2 | Ethereum ETH | $279 575 311 095 | $2 321.55 | $9 205 034 177 | 120,426,316 | |||
| 7 | Solana SOL | $49 720 484 990 | $86.36 | $2 164 445 699 | 575,731,898 | |||
| 14 | Cardano ADA | $9 714 890 472 | $0.251751 | $268 543 899 | 38,589,258,939 | |||
| 32 | Avalanche AVAX | $3 990 348 145 | $9.45 | $140 553 168 | 422,275,285 | |||
| 34 | Sui SUI | $3 756 538 558 | $0.950207 | $181 194 447 | 3,953,388,932 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
LanaCoin



