{
  "url": "https://blockindex.ai/coin/ar",
  "name": "Arweave",
  "links": {
    "github": "https://github.com/jfbeats/ArweaveWebWallet",
    "website": "https://www.arweave.org/",
    "whitepaper": "https://www.arweave.org/yellow-paper.pdf"
  },
  "dScore": 64,
  "market": {
    "priceUsd": 1.998726260858501,
    "marketCapUsd": 131221307.88431987,
    "volume24hUsd": 18329126.4718819,
    "priceChange7dPct": 5.16929948,
    "priceChange24hPct": 3.58499011
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": 66000000,
    "circulating": 65652466,
    "circulatingPct": 99.47343333333333
  },
  "ticker": "AR",
  "founder": "Sam Williams, William Jones",
  "vcFunded": true,
  "updatedAt": "2026-06-19T06:00:28.051091+00:00",
  "fairLaunch": false,
  "launchYear": 2018,
  "description": "Arweave is a purpose-built layer-1 blockchain designed to provide permanent, tamper-resistant storage for web content, applications, and archival data. Originating from academic research announced as Archain in August 2017 and rebranded to Arweave in early 2018, the project launched its mainnet in June 2018 with a 55 million AR genesis mint. Rather than tracking only the most recent history, Arweave’s blockweave architecture and proof-of-access consensus explicitly incentivize miners to retain older data: each new block references a recent prior block and a pseudorandomly selected older block, and miners prove access to historical data when producing blocks. The native AR token is used to pay once for long-term storage on the network and to reward miners who provide persistent storage and retrieval services. Over time the protocol’s economic model, developer programs (Boost/incubators), and profit-sharing token primitives have supported a growing permaweb of immutable content and applications.\n\nTechnically, Arweave stands out through its blockweave data structure and the proof-of-access consensus (a PoW variant) that together create storage-aware incentives. The network has relied on RandomX mining (with planned and discussed transitions toward SPoRA and Replica format upgrades) and an active release cadence (v2.9.x series in 2025) to harden mining and storage behavior. The protocol’s design includes Replica formats and storage packing/replication semantics that aim to optimize long-term preservation and retrieval efficiency. Developer tooling and integrations — including community GitHub repositories, wallet clients, bundlers, gateways and storage access layers — facilitate application builders and archivists in publishing immutable web pages and data. The chain exhibits high observed throughput in snapshot data, with reported TPS snapshots in the tens (e.g., an observed snapshot of ~85.47 TPS), and a rapidly growing weave/storage footprint measured in TiB/PiB at the network level.\n\nIn practice Arweave targets archival, censorship-resistant hosting, and pay-once storage primitives that are useful for research archives, legal records, decentralized applications that require permanent data, and digital heritage preservation. The protocol introduced Profit-Sharing Tokens (PSTs) to allow application developers to capture value from app-level fees and distribute revenue back to contributors, and ecosystem programs (Boost, incubators) to encourage developer adoption. Commercial interest has been demonstrated through venture funding rounds (notably a March 2020 raise with Andreessen Horowitz, Union Square Ventures and Coinbase Ventures) and AR listings on major exchanges and analytics platforms. The tokenomics model includes a bounded maximum supply (66,000,000 AR), a substantial genesis mint, and a modest, gradual issuance schedule via ongoing block rewards. Circulating supply figures reported in snapshots place circulating AR near the maximum (roughly 65.65M AR, ~99.47% of the 66M cap in recent snapshots).\n\nGovernance and organizational arrangements have evolved from research-led origins into community-oriented governance: Arweave launched a decentralized governance body in January 2020 to involve community members in development decisions and ecosystem funding. The project also retained company and VC-backed elements in its early lifecycle (multiple funding rounds and private allocations were documented), resulting in a hybrid governance posture that combines on-chain DAO mechanisms with an active developer organization and funded programs. Security posture has benefited from multiple audits (RandomX audits in 2019 and additional SPoRA/NCC references) and an iterative software maintenance approach (v2.9.x releases addressing stability and mining logic fixes in 2025). Forward-looking work centers on Replica format evolution, mining algorithm improvements (SPoRA planning), and expanding permaweb applications and integrations (AR.IO, AO, merchant/payment partnerships).",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 1",
    "isToken": false,
    "consensus": "PoW",
    "parentChain": null
  },
  "dScoreComponents": {
    "autonomy": 5,
    "ageHistory": 13,
    "governance": 16,
    "nodeDistribution": 30,
    "initialDistribution": 0
  },
  "decentralizationVerdict": "Decentralized"
}