Vara Network (VARA) is a standalone layer-1 decentralized network that forms part of the Gear Protocol. Launched in 2021, Gear Protocol is a new cloud infrastructure platform that aims to provide an environment for web2 and web3 developers to build infrastructure solutions and decentralized applications (dApps) for any ecosystem. Vara Network is built upon three core concepts: the actor model, persistent memory, and Wasm, a WebAssembly-based virtual machine. The network aims to serve as a wasm-native hub for protocols that utilize parallel execution and asynchronous programming to deliver decentralized products in any segment.

Vara Network operates using the actor model and persistent memory, two widely adopted primitives from massive computation and microservices architecture spaces. It also utilizes Wasm, a WebAssembly-based virtual machine that runs on all modern browsers. This combination allows for parallel execution and asynchronous programming, enabling the network to handle complex computations and deliver decentralized applications. Vara Network also aims to provide a library for building dApps using pre-built constructs, including arbitrary async/await syntax for any programs built on Rust. This allows developers to write, compile, test, and upload their contracts directly onto Vara Network from their browser.

Vara Network aims to support a wide range of use cases. It can be used to build gaming projects, aiming to enhance the gaming experience. It can also be used for financial applications, aiming to provide transaction throughput and responses for payment and financial applications. Other potential use cases include tokenizing real-world assets and managing supply chains. Vara Network also aims to provide solutions for games, addressing challenges. Furthermore, it aims to offer solutions for finance applications, addressing issues.

Vara Network was launched as a standalone network in the Gear Protocol in 2021. Gear Protocol is a new cloud infrastructure platform that aims to provide an environment for web2 and web3 developers to build infrastructure solutions and applications for any ecosystem. Since its inception, Vara Network aims to serve as a wasm-native hub for protocols that leverage parallel execution and asynchronous programming to deliver decentralized products in any segment. The network's mainnet went live on September 19, 2023, marking a milestone in its development.

We update our Vara to CAD currency in real-time. Get the live price of Vara on Coinbase.

The current market cap of Vara is CA$3.835M. A high market cap implies that the asset is highly valued by the market.

The all-time high of Vara is CA$1.42. This all-time high is highest price paid for Vara since it was launched.

Over the last 24 hours, the trading volume of Vara is CA$31.295K.

Assets that have a similar market cap to Vara include Semicon Bull 3X ETF Tokenized bStocks, Dimitra, Cryptex Finance, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Vara is 6 billion.

Vara ranks 204 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Yes, Vara is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Vara guide.