General Overview
Arweave (AR) is currently priced at $5.15**, reflecting a **+3.08% increase** over the past 24 hours. With a market capitalization of **$337 million, it holds 0.01% of the total cryptocurrency market share. The 24-hour trading volume stands at $19.72 million.
Key Metrics
- All-Time High (ATH): $90.64 (reached on November 5, 2021)
- Current Supply: 65.45 million AR (99.2% of max supply)
- Max Supply: 66 million AR
👉 Track real-time AR price movements
What Is Arweave (AR)?
Arweave is a decentralized storage protocol built on blockchain technology. It enables permanent, scalable data storage through its unique Proof of Access mechanism.
Core Features
- Blockweave Architecture: Combines blockchain with a sustainable storage endowment.
- Permaweb: A permanent, unalterable web layer hosting documents, apps, and media.
- Mining Mechanism: Miners earn AR tokens by replicating data and producing blocks.
AR Price Statistics
| Metric | Value |
|---|---|
| Current Price | $5.15 |
| 24h Change | +3.08% |
| Circulating Supply | 65.45M AR |
| Total Supply | 65,454,186 AR |
| Market Cap | $337M |
How Does Arweave Work?
- Data Storage: Users pay with AR tokens to store data permanently.
- Decentralized Hosting: Matches data storers with those needing storage.
- Content Moderation: Community-driven filtering of illicit content.
Where to Buy Arweave (AR)?
AR is traded on major exchanges like Binance, Gate.io, and OKX. For a full list of trading platforms, refer to CryptoRank’s exchange listings.
FAQ Section
Q: What makes Arweave different from other storage solutions?
A: Arweave’s permanent storage and decentralized architecture set it apart from traditional cloud services.
Q: How is the AR token used?
A: AR facilitates payments for storage and rewards miners for network participation.
Q: Can I build apps on Arweave?
A: Yes! Developers leverage tools like smart contracts and UI hosting to create permaweb applications.
Final Thoughts
Arweave combines innovation with practicality, offering a trustless, permanent data storage solution. Its native token, AR, plays a pivotal role in maintaining the network’s economy and security.
For real-time updates, visit Arweave’s official website.
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