Terraform Labs, the developers behind the Terra blockchain, has acquired Pulsar Finance, a cross-chain portfolio manager and data infrastructure provider, TFL and Pulsar announced on X.
The acquisition aims to advance TFL's technology stack, and offer developers and users of the Terra blockchain a better experience. It's also a reminder that the Terra ecosystem is striving to emerge from the rubble of its collapse.
The LUNA token was down more than 8% on Nov.13, when the news was announced, after climbing by about 50% in the past seven days.
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#undefined [Source: TheDefiant]