AR

Arweave price

AR
|
3.8/5
CyberScope
4.4
05/27/2024
TokenInsight
3.2
11/08/2022
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USD
USD
$40.3700
+5.07%
1h
24h
1W
1M
1Y
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Arweave price live data

The current price of Arweave is $40.3700. Since 00:00 UTC, Arweave has increased by +5.08%. 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 $2.64B. At present, Arweave holds the 39 position in market cap rankings. The Arweave/USD price is updated in real-time.

Arweave price performance in USD

Time periodChange amount%Chg
Today$1.9510 +5.07%
7 days-$6.3160 -13.53%
30 days$6.5860 +19.49%
3 months$21.2470 +111.10%

Arweave market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$38.3850
Last price $40.3700
24h high$41.3140
Heat index ranking
52
Market cap ranking
39
Market cap
$2.64B
Favorited rate
Percentage of users who favorited this asset to all users
2.67%
All-time high
$71.0600
-43.19% (-$30.6900)
Jan 4, 2022 (2 years ago)
All-time low
$3.7040
+989.90% ($36.6660)
Oct 9, 2023 (7 months ago)
ICO date
06/08/2018
ICO price
The price at which this crypto was first traded
$0.73000
Circulating supply
The amount of this crypto that is publicly available in the market
65,454,186 AR
Market cap at circulating supply
Market cap = Circulating supply × Last price
$2.67B

About Arweave (AR)

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.

AR 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.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for AR with zero fees and no price slippage by using OKX TR Convert.