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Vara

VARA

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About Vara

VARA is the native token of the Vara Network, a blockchain network built on Gear Protocol. The Vara Network allows developers to seamlessly build and deploy decentralized applications. VARA tokens can be staked to secure the network. VARA tokens can also be used to pay network gas fees and participate in governance.

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.

Market

Market stats

Market cap

$46.7M

Volume (24h)

$657,199.04

Circulating supply

507.8M VARA

Typical hold time

8 days

Popularity

#628

All time high

$0.33

Price change (1h)

-0.33%

Price change (24h)

-5.68%

Price change (7d)

-16.14%

News about Vara

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Vara is on the decline this week.

The price of Vara has decreased by 0.33% in the last hour and decreased by 5.68% in the past 24 hours. Vara’s price has also fallen by 16.14% in the past week. The current price is $0.0920 per VARA with a 24-hour trading volume of $657.20K. Currently, Vara is valued at 72.12% below its all time high of $0.33. This all-time high was the highest price paid for Vara since its launch.

The current circulating supply of Vara is 507,754,751 VARA which means that Vara has as total market cap of 507,754,751.

FAQ

What is the current price of Vara?

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

What is the market cap of Vara?

The current market cap of Vara is $46.73M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Vara?

The all-time high of Vara is $0.33. This all-time high is highest price paid for Vara since it was launched.

What is the 24 hour trading volume of Vara?

Over the last 24 hours, the trading volume of Vara is $657.20K.

What other assets are similar to Vara?

Assets that have a similar market cap to Vara include Ethereum, Tether, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Vara are there?

The current circulating supply of Vara is 508 million.

What is the typical holding time of Vara?

The median time that Coinbase customers hold Vara before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Vara?

Vara ranks 26 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Can I buy Vara on Coinbase?

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

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