Luna by Virtuals (LUNA) is a cryptocurrency that operates on the Terra blockchain network. It is designed to facilitate decentralized finance (DeFi) applications and stablecoin transactions. LUNA serves as the native token of the Terra ecosystem, providing various utility functions such as governance, staking, and collateral for stablecoins like TerraUSD (UST). The network utilizes a proof-of-stake consensus mechanism to secure transactions and maintain the stability of its stablecoins. Investors and users can participate in the Terra ecosystem by holding, staking, or using LUNA for various DeFi activities.