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## Introduction
This section is a part of [Terra (LUNA) guide](https://leofinance.io/@crypto-guides/what-is-terra-luna-coin). In this section we are going to compare two blockchains - Terra (LUNA) and Synthetix (SNX). This guide is meant to show you unbiased feature set comparison of blockchains in discussion.

Below table shows you the comparison points between the two blockchains.


<table border="0">
 <tr>
    <td><b style="font-size:20px">Terra (LUNA)</b></td>
    <td><b style="font-size:20px">Synthetix (SNX)</b></td>
 </tr>
 <tr>
    <td>LUNA governance network launched in 2018 and their first coin launched in 2019. Daniel Shin and Do Kwon are the founders behind the Terra (LUNA). </td>
    <td>In 2018,  Havven network was launched which later rebranded into the Synthetix. Kain Warwick was the person behind the Havven and Synthetix. </td>
 </tr>
 <tr>
    <td>LUNA is a governance and staking token on Terra network. It allows multiple stablecoin currencies to be pegged on regional currencies. e.g. TerraUSD for US dollar and maybe TerraGBP for UK.</td>
    <td>Synthetix is a token on the top of ETH ERC-20 protocol that allows users to bet on the assets. The assets can be crypto, stocks, future options, gold or any other commodity market.</td>
 </tr>
 <tr>
    <td>Terra has marketcap of around $6 billion based on Coinmarketcap data.</td>
    <td>Synthetix has $1.51B of marketcap with circulating supply is around 114.84M.</td>
 </tr>
 <tr>
    <td>Terra allows users to extend it's capabilities using the smart contract. The contracts can be used for staking, governance and for stablecoin use case scenario. </td>
    <td>Synthetix being a token out of ERC-20 you can make use of it for smart contracts, staking and also for other crypto assets.</td>
 </tr>
 <tr>
    <td>Terra makes use of the Rust as it's primary language for deploying the smart contract and any extension being developed on the top of it's blockchain.It also makes use of the Go and Assemblyscript. </td>
    <td>Synthetix makes use of the Solidity as it's language for development of the smart contract. This is because of the fact that it being an ERC-20.</td>
 </tr>
 <tr>
    <td>Terra can be scaled upto the 10,000 transactions per second while the block time stays at 6 seconds. </td>
    <td>Synthetix being a layer 2 solution on the ERC-20 it can be scaled upto 100000 transactions per ssecond. It can make use of the rollups options to achieve that. </td>
 </tr>
 <tr>
    <td>Terra use case exists in the governance, regulation, scaled stablecoin that can be used by every country. </td>
    <td>Synthetix use case exists in a market that has the ability to digitize the commodities on which market can have investors betting and sell them.</td>
 </tr>
 <tr>
    <td>Terra has a means to run on multiple blockchains using the Cosmos bridge at present. In near future, they can be making use of other bridges.</td>
    <td>Synthetix being an ERC-20 layer 2 solution, it can be bridged with blockchains that can connect to Eth Ecosystem. Currently Avalance blockchain, secret networks and even Chainlink or Polkadot bridgets.</td>
 </tr>
 <tr>
    <td>Terra (LUNA) can be staked at 7.12% APY and validator node can get reward at a percentage for 7.91%. </td>
    <td>Synthetix can be staked at 0.23% APY while the token can be lent at a percent of 6.64%. </td>
 </tr>
 <tr>
    <td>Terra (LUNA) makes use of the Proof of Stake consensus mechanism. </td>
    <td>Synthetix has it's own proof of stake consensus which sets it apart in a layer 2 ERC-20 protocol. </td>
 </tr>
</table>

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## Conclusion
Terra (LUNA) intends to address the market for the stablecoins, governance and the currency stability across multiple native currencies. Meanwhile Synthetix is intended to be used in the commodity market. 

In past Synthetix used to be one of the stablecoin project on Havven. However it's evolution into the protocol for the commodity market has completely changed it's future directions. 

Both blockchains address different use cases yet they can play a huge role in the governance, regulation of the cryptocurrencies and commodities on the government monitored platform after the regulation bills pass across multiple nations around the world.


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