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Arweave

AR

Rank #100
$ 10.39
-2.04%
24H Low$10.22
24H High$11.1
24H Volume
37.53M
All-Time High(ATH)
$89.24
All-Time Low(ATL)
$0.2988
Market Cap
680.09M
Fully Diluted Valuation
680.09M
Market Cap/FDV
1
Circulating Supply
65.45M AR
Total Supply
65.45M AR
Max Supply
66M AR
Market Sentiment
--
* Data from 3rd parties

Arweave (AR) Price Trends

Time period
Change amount
% Change
1H
$ -0.04551
-0.44%
24H
$ -0.2116
-2.04%
7D
$ 1.77
17.04%
14D
$ 2.78
26.75%
30D
$ 3.53
33.93%
1Y
$ 5.95
57.29%

Live Arweave (AR) Price Update

Arweave price today is $10.39 with a 24-hour trading volume of 37.53M, and as such Arweave has a market cap of 680.09M, giving it a market dominance of 0.03%. The Arweave price moved -2.04% in the last 24 hours.

Arweave reached its highest price on 2021-11-05 when it was trading at its all-time high of $89.24, while its lowest price was recorded on 2020-01-31 when it was trading at its all-time low of $0.2988. The current lowest price since the last cycle high was $0.2988, and the highest price since the last cycle low was $89.24. The social sentiment of Arweave is currently Positive.

The current circulating supply of Arweave is 65.45M AR. In terms of market cap, Arweave is currently ranked 100.

About Arweave (AR)

Arweave is a new type of storage that can endow backing data on a continuous and permanent basis, allowing users and developers to store data truly permanently for the first time.

As a collectively-owned hard drive that will never be forgotten, Arweave allows people to remember and save valuable information, applications and history indefinitely. By preserving history, it prevents others from rewriting and tampering with it.


How Arweave works

Compared with common blockchains, Arweave has its own uniqueness in terms of storing blocks about transaction content. Arweave stores data in a graph of blocks. In this way, each block is connected to the two preceding blocks, forming a structure known as a "blockweave".

There are several important elements that make Arweave unique:

Bundles
SmartWeave
Vartex Gateways
Content moderation
Proof of Access Consensus

Additionally, Arweave successfully built its own decentralised storage contract without IPFS. Users must mine new blocks by visiting “recall blocks” that allow them to earn rewards, which is called Succinct Proof of Random Access or SPoRA. Because "recall blocks" are randomly assigned, users are naturally encouraged to store larger or rarer data on them, and in doing so, users are automatically converted to miners.

If Arweave miners upload files with stronger rarity, they will be rewarded with more tokens.


What is AR?

Arweave has its own currency - AR tokens. AR tokens have a limited supply of only 66 million.

Users who want to store data must purchase it as a way to pay for storage; otherwise, the computer providing the storage must accept AR tokens as payment. Interestingly, the payments are not made directly to each miner, but are pooled and then distributed to the network over time.

This fee pool is called the Storage Endowment. Its purpose is to provide safeguards for future data from this overcharged AR pool. The fee is the mining reward paid by the user, and since the pool grows over time, it can pay the miners in the future over a long period of time.

It’s also important to note that storage on Arweave requires a one-time settlement and is not a subscription-based approach. However, data is stored permanently, which makes Arweave very attractive to both customers and the network, making it a currency with real utility.


AR Crypto Wallet

In addition to placing AR in the Gate.io exchange for easy trading, users can also save AR in a crypto wallet.

Under the Arweave network ecosystem, there are two wallets: ArConnect and Arweave Web Extension. ArConnect can help users manage Arweave balances, view and transfer assets, and view the latest transactions. At the same time, all wallets can be added and easily switched between them.

Arweave Web Extensio can also be used as a wallet. Users can manage their AR token wallet in the browser, export the wallet history and download it as a CSV file.

FAQs

1. What determines the price movement of Arweave?

There are two schools of thought in determining the price of Arweave.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Arweave, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Arweave from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Arweave on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Arweave as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Arweave and the cryptocurrency market as a whole.

Arweave (AR) News

Arweave (AR) Announcements

Date
Market Cap
Volume
Open
Close
2024-02-20
$105.71M$963.28M$14.75N/A
2024-02-19
$29.22M$790.34M$12.07$14.75
2024-02-18
$52.95M$824.62M$12.6$12.07
2024-02-17
$69.18M$761.95M$11.64$12.6
2024-02-16
$51.25M$775.03M$12.04$11.64
2024-02-15
$18.26M$645.4M$9.85$12.04
2024-02-14
$33.89M$624.46M$9.53$9.85