#57 rank
Arweave

Arweave ar

Arweave Price in USD

$40.249

-8.77%

0.011 ETH

0.001 BTC

Price Change

MIN

MAX

Arweave Price Statistics

Current Price

$40.249

Fully Diluted MarketCap

$2,318,602,919

Total Volume

76,681,972

Total Supply

65,454,185.538

Circulating Supply

65,454,185.538

What is Arweave?

Arweave targets permanent file storage space, which is not even the legacy cloud computing companies can provide. Rather than competing with the legacy providers based on performance & cost, Arweave seeks to create a service that was not previously available or even possible through the use of crypto-economic incentives that is permissionless. In this model, users pay just a single fee upfront & can store their data forever. This is entirely a new market that would likely be worth billions. Arweave accomplishes this by using crypto-economic game theory to incentivize miners so that they can ensure the permanence, reliability, & availability of the stored data

The Team Behind Arweave

The Arweave team doesn’t actively promote itself due to the community-based nature of the project & primarily remains behind the scenes. The CEO and co-founder, and the face of Arweave, is Sam Williams. He is a serial entrepreneur and holds a Ph.D. in Computer Science (CS) from University of Kent. Apart from his numerous start-ups, he is a self-avowed proponent of decentralization. He also has deep experience in software and software design, having started coding at a young age

Top Value Drivers For Arweave

The main reasons to invest in Arweave include: - With Arweave being the only prominent one to tackle permanent storage, it can be a good bet that they will become a significant player in the sector. - Not only will Arweave cater to the permanent storage market, but it can also serve needs of the current data storage market. - The network was growing at a good pace, & in March 2021, it processed more than 1 million transactions. It is being heavily adopted by few new NFT projects, DeFi projects such as yearn.finance, Uniswap v2, SushiSwap, and blockchains that will need to store massive amounts of ledger data. - Lately, the growth has a bit slowed in between, considering the exponential growth of data and information, we can believe that permanent storage will be very much in demand in the coming decades

FAQs

The current price of Arweave is USD 40.249.

The total supply of Arweave is 65,454,185.538 and circulating supply of Arweave is 65,454,185.538

The trading volume of Arweave is 76,681,972 in the last 24 hours.