Ardor

Ardor is a Layer 1 blockchain platform launched in January 2018, designed to let businesses and institutions use blockchain technology without building their own infrastructure from scratch. It addresses the problem of blockchain complexity and cost by offering a ready-to-use main chain paired with customizable child chains that organizations can deploy for specific applications. The intended audience is enterprises seeking what the project calls blockchain as a service.

Ardor separates security and decentralization responsibilities onto a parent chain while allowing child chains to handle individual business logic and transactions, a structure meant to reduce blockchain bloat and improve scalability. The native token, ARDR, lives on the parent chain and is used to pay transaction fees across the network, with child chains able to use their own tokens for fees that are then converted behind the scenes. The consensus algorithm is not recorded in the available data, though the platform descends from Nxt, which uses a proof-of-stake forging model.

The data stored for Ardor does not include a protocol-level fee revenue figure, so fee-based measures such as fee yield or fee multiples are not available on this page. What is recorded is a 24-hour turnover ratio of 8.75 percent, meaning trading volume over the most recent 24-hour period equaled roughly 8.75 percent of the circulating market capitalisation of approximately 25.2 million USD. The entire maximum supply of 998,466,231 ARDR is already in circulation, with zero percent pending issuance and zero dilution overhang at this point in time, so there is no scheduled token release that would alter the supply side of the economics.