Congratulations to $BTC 11W, but the cottage season has become a cottage festival, seeing that the $ICNT storage project is online, take stock of the situation of the next #存储赛道:
1. The storage track is the narrative of the previous round, because $FIL as the leader of the storage track, brought about the wealth creation effect of the previous round, a lot of capital and dev have done storage projects;
2. The project of the storage track requires heavy asset investment, involving mining machines, consensus algorithms, data processing, economic models, etc., and the development cycle is very long, that is, the infrastructure is also the application of blockchain technology, the core revolves around the storage and extraction of hot and cold data, especially completed on the chain, the whole chain is very long, resulting in a contradiction between cost and efficiency, compared with traditional data storage solutions, there is no advantage, which may be a "falsified" track;
3. From the perspective of business model, I will provide storage space if you store data, which is a clear demand, but because of the hard requirements brought by data extraction and storage, how to attract real users to store it, and the extraction of hot data after storage are all relatively big problems. Cost is the biggest driving force!
4. Inventory of several typical storage projects: $FIL $AR $WAL $CESS $ICNT, are all financed with institutional funds, the valuation is relatively high, the market value of the newly launched currency $CESS $ICNT is lower than the valuation of the institutional round, there is almost no room for upside at present, the leading $FIL continues to reach new lows, and the better control is the storage project $WAL on the SUI, and other projects are expected to be online is a downward market, and you can find a position to short;
Poor miners and investors who bet on the storage track, the falsified track, and the asset-heavy projects should be cautious, in addition, the short-term and fast projects have the advantage of natural growth in the currency circle, I hope it's okay!
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HyperBEAM is your gateway to AO — the decentralized supercomputer.
Access, build, and lease compute for agents, apps, and services at any scale.
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Why is the most USELESS coin outperforming like this?
How can this make sense?
Wise man said: "Fate Loves Irony"
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Arweave price performance in USD
The current price of Arweave is $5.4210. Since 00:00 UTC, Arweave has increased by +1.46%. It currently has a circulating supply of 65,454,186 AR and a maximum supply of 66,000,000 AR, giving it a fully diluted market cap of $354.57M. At present, Arweave holds the 98 position in market cap rankings. The Arweave/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
As the popularity of blockchain soared due to its secure and immutable nature, Arweave seized the opportunity to create a platform that offers a unique approach to data storage. The project's innovative concept holds the promise of virtually limitless storage capabilities, opening up new possibilities for individuals and businesses alike.
What is Arweave
Arweave is a decentralized storage network that aims to revolutionize data storage by providing an indefinite storage solution. At the heart of Arweave's ecosystem lies the concept of the "permaweb," which represents a permanent and decentralized web infrastructure. Through the permaweb, Arweave hosts a multitude of community-driven applications and platforms.
The Arweave team
Arweave was founded by two PhD candidates at the University of Kent, Sam Williams and William Jones. Sam Williams brought his expertise in decentralized and distributed systems to the project, while William Jones specialized in neural networking and graph theory. Although Williams made the decision to leave his studies and dedicate himself fully to Arweave, Jones chose to complete his PhD before pursuing other ventures.
How does Arweave work
Arweave operates on a unique technology called Blockweave, which forms the foundation of its permaweb. Unlike traditional blockchain systems, Blockweave connects each block to two others: one that comes before it and another chosen randomly from earlier blocks. This design incentivizes miners to store more data by requiring them to access previous blocks in order to receive rewards.
Arweave’s native token: AR
Arweave's native token, AR, plays a crucial role within the Arweave network. The cryptocurrency was launched in late May 2020 with a maximum supply of 66 million AR tokens and a total supply of 63.19 million. The circulating supply currently stands at 33.39 million.
AR is readily available for trading on numerous decentralized exchanges (DEX), providing users with easy access to participate in the Arweave ecosystem. Additionally, AR is listed and actively traded on nearly 50 prominent centralized exchanges, including OKX TR. This broad availability and exchange support contribute to the liquidity and accessibility of AR, facilitating its use within the Arweave network and enabling users to engage with the platform's innovative decentralized storage solutions.
How to stake AR
One popular way to stake AR is through OKX TR Earn. OKX TR Earn offers a one percent APY with a flexible staking term. Through staking AR, you can earn passive rewards. You may also unstake AR at any time.
AR token use cases
AR token, the native cryptocurrency of the Arweave network, plays a crucial role in facilitating the storage and permanence of data. Unlike traditional Web2 storage platforms such as Google Cloud or Amazon Web Services that require recurring payments, Arweave operates on a one-time, up-front fee model.
By using AR tokens, users can securely store their data on the Arweave network, ensuring its permanence, privacy, and immutability. Once the data is stored, it remains safe and accessible indefinitely, making Arweave a unique platform for individuals and organizations seeking a decentralized and permanent storage option.
AR token distribution
AR’s distribution is as follows:
38.5 percent was sold from the Genesis Block supply.
2.9 percent was allocated to project advisors.
13 percent was set aside for the project team, with a fifth of this allocation being released annually over a period of five years.
19.1 percent was allotted for further development of the Arweave ecosystem.
26.5 percent was reserved for future financing of the project, with a fifth of this allocation being released annually over the course of five years.
Arweave and the future of online storage
With Arweave, users can securely store their data in a permanent and tamper-proof manner, ensuring its long-term integrity. This innovative approach to online storage eliminates the need for traditional Web2 solutions, such as recurring payments on centralized platforms. On top of that, with its focus on decentralization and immutability, Arweave is poised to transform the landscape of online storage and pave the way for a new era of data permanence and accessibility.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.3K new posts about Arweave, driven by 736 contributors, and total online engagement reached 35K social interactions. The sentiment score for Arweave currently stands at 75%. Compared to all cryptocurrencies, post volume for Arweave currently ranks at 4046. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Arweave.
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736
Interactions
34,886
Sentiment
75%
Volume rank
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X
Posts
1,122
Interactions
30,787
Sentiment
79%
Arweave FAQ
What is Arweave (AR)?
Arweave (AR) is a blockchain-based project that operates as a decentralized storage network. It introduces a unique platform where users can securely and indefinitely store vast amounts of data. By leveraging blockchain technology, Arweave ensures data immutability, privacy, and long-term accessibility.
What are the benefits of Arweave?
Arweave presents several notable advantages compared to traditional storage solutions. One key benefit is the requirement of a single upfront fee for data storage. Once the fee is paid, the stored data remains permanently accessible without the need for recurring payments. This provides a cost-effective and hassle-free storage option. Additionally, Arweave guarantees the safety and immutability of the stored data, offering peace of mind for users concerned about data integrity and security.
Where can I buy the AR token?
Easily buy AR tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include AR/USDT and AR/USDC.
Currently, one Arweave is worth $5.4210. For answers and insight into Arweave's price action, you're in the right place. Explore the latest Arweave charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Arweave, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Arweave have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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