AR broke through $48 with a 24-hour increase of over 10%
According to the market data from Gate.io, the token AR of the Arweave project has increased by 10.5% in the past 24 hours, with a current price of $48.2. On April 17th, a month ago, the price of AR was $23, and now its price has doubled in the past month.
Arweave is a decentralized storage network dedicated to providing users with efficient and cost-effective permanent data storage. The network is based on several core technologies, such as Blockweave, Proof of Access, Wildfire, etc.
AR is the utility token of Arweave. All fees within the Arweave network, such as data storage and retrieval, interacting with DApps, etc., are paid in AR. Users who wish to store data on the Arweave blockchain must pay for distributed data storage with AR. In addition, AR will serve as a reward for computers providing storage services on the network. #AR