Arweave

Arweave is a decentralized storage network launched in 2018 that provides permanent, low-cost data storage. It uses a blockweave structure where nodes store data indefinitely in exchange for a one-time fee, enabling permanent archiving of documents, websites, and applications.

Arweave utilizes a blockweave, a variation of blockchain, where each block references two previous blocks, enabling efficient storage and retrieval. It employs a proof-of-access consensus mechanism that incentivizes nodes to store data perpetually, ensuring durability and accessibility without recurring fees.

The AR token is the native cryptocurrency of Arweave. It is used to pay for data storage on the network, with fees calculated based on storage size and duration. Additionally, AR rewards miners for maintaining the network and participating in consensus.

Unlike IPFS or Filecoin, which often require ongoing payments, Arweave charges a one-time fee for permanent storage. Its blockweave design and proof-of-access also differentiate it, focusing on long-term data persistence rather than temporary caching, making it suited for archival use.

Arweave is currently priced at $4.57, up 45.82% in the last 24 hours. It is ranked #111 by market capitalization. Over the past 7 days, AR is up 75.51%.

Arweave has a market capitalization of $299.88M. The 24-hour trading volume is $213.99M, reflecting the total value of AR traded across all exchanges in the last day.

There are currently 65.65M AR in circulation. Arweave has a maximum supply of 66.00M AR, meaning no more than this amount will ever exist.