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Arweave (AR) is not tradable on Coinbase.

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Arweave

AR

About Arweave

Arweave (AR) is a decentralized storage network that provides a platform for the indefinite storage of data. It describes itself as "a collectively owned hard drive that never forgets," and primarily hosts "the permaweb" — a permanent, decentralized web with a number of community-driven applications and platforms. The Arweave network uses a native cryptocurrency, AR, to compensate "miners" for indefinitely storing the network's information. The project was initially announced as Archain and later rebranded to Arweave before its official launch.

Arweave operates on a modified version of blockchain technology it calls "blockweave," which uses a "proof-of-access" consensus algorithm — a modified version of proof-of-work. With proof-of-access, each new block is not only linked to the one immediately prior to it but to a random previous block as well, and both blocks are hashed to generate the new one. Miners are not required to store an entire blockchain, but they are incentivized to store more information to prove they can access the old blocks that are required to mine a new one. This system ensures the "collective ability to store and share information between individuals and across time to new generations."

Arweave's primary use case is to provide a platform for the indefinite storage of data. Its flagship permaweb is built on top of Arweave's "blockweave," a variation of blockchain technology in which each block is linked to both the one immediately prior and also a random earlier one. This structure incentivizes miners to store more data because they need to be able to access random previous blocks to add new ones and receive rewards. Arweave also unveiled "profit sharing tokens," which allow developers to receive dividends when network transaction fees are generated from their application, and it hosts incubators to support the building of permaweb-based apps.

Arweave was founded by Sam Williams and William Jones, two Ph.D. candidates at the University of Kent. Williams brought experience in decentralized and distributed systems to the project, while Jones' focus was on graph theory and neural networking. The idea for Arweave came to Williams while walking up a mountain in Scotland, and he later developed the technical details with Jones. After launching Arweave, Williams was later named an advisor to Minespider, a company providing blockchain-based supply chain tracking for the raw materials industry, and he has served as a mentor for the Techstars accelerator program. Arweave has launched a decentralized autonomous organization comprised of core community members to further the development and expansion of the network and its ecosystem.

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Market

Market stats

Data is sourced from CoinMarketCap and other third parties. We make no representation on the accuracy of the data provided. Learn more

Market cap

$1.3B

Volume (24h)

$64.9M

Circulating supply

65.7M AR

All time high

$82.26

Market performance

Price change (1h)

+0.84%

Price change (1d)

-4.54%

Price change (1w)

+2.2%

Price change (2w)

-1.96%

Price change (1m)

+1.15%

Price change (1y)

+403.23%

Market benchmarks

Performance (1Y)

+392.03%

Vs. Market (1Y)

+126.69%

Vs. BTC (1Y)

+105.6%

Vs. ETH (1Y)

+201.35%

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Arweave is on the rise this week.

The price of Arweave has increased by 0.84% in the last hour and decreased by 4.54% in the past 24 hours. Arweave’s price has also risen by 2.20% in the past week. The current price is $19.41 per AR with a 24-hour trading volume of $64.91M. Currently, Arweave is valued at 76.40% below its all time high of $82.26. This all-time high was the highest price paid for Arweave since its launch.

The current circulating supply of Arweave is 65,652,466 AR which means that Arweave has as total market cap of 65,652,466.

FAQ

What is the current price of Arweave?

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

What is the market cap of Arweave?

The current market cap of Arweave is $1.27B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Arweave?

The all-time high of Arweave is $82.26. This all-time high is highest price paid for Arweave since it was launched.

What is the 24 hour trading volume of Arweave?

Over the last 24 hours, the trading volume of Arweave is $64.91M.

What other assets are similar to Arweave?

Assets that have a similar market cap to Arweave include Tezos, BitTorrent [New], Dymension, and many others. To see a full list, see our comparable market cap assets.

How many Arweave are there?

The current circulating supply of Arweave is 66 million.