The Terra (LUNA) blockchain network was temporarily shut down in order to install a patch to avoid governance assaults. Meanwhile, the cryptocurrency market trade volume increased by 722 percent.

As of 8.50 p.m., the global crypto market recovers had increased by 1.79 percent to $1.27 trillion. According to Coinmarketcap statistics, worldwide crypto volume increased by 722.42 percent to 1.79 trillion.

The price of Terra (LUNA) plummeted so low that TerraLabs had to momentarily shut down the blockchain to install a new patch to prevent governance assaults. TerraLabs tweeted, “Validators are deploying a patch to block additional delegations, and they will cooperate to restart the network in a few minutes.”