Arweave

Arweave is a Layer 1 blockchain protocol designed to offer permanent, decentralized data storage. It targets developers, archivists, and organizations who want to store files or application data once and have them remain accessible indefinitely without recurring fees. The core claim is that a single upfront payment is sufficient to preserve data permanently, addressing the impermanence and censorship risk of conventional cloud storage.

Arweave uses a consensus mechanism it calls Proof of Access, which requires miners to demonstrate they can retrieve a randomly selected piece of previously stored data in order to add new blocks, economically incentivizing the network to retain old data rather than discard it. The AR token is used to pay storage fees at the time data is uploaded, and those fees are distributed to miners who store and serve the data over time. The protocol is structured so that a portion of each payment is placed into an endowment intended to fund ongoing storage costs into the future.

Users pay AR tokens upfront when they upload data, and those payments flow to the miners who store and replicate that data across the network. The data in this profile does not include a discrete protocol fee-revenue figure, so fee-based valuation measures common on research sites cannot be calculated for Arweave from the information stored here. What is recorded is a 30-day average trading volume relative to market capitalization of 11.78 and a 24-hour equivalent of 5.41, which reflect market activity rather than protocol revenue. The fully diluted valuation equals the market capitalization because 99.47 percent of the maximum supply of 66,000,000 AR is already circulating, leaving a dilution overhang of effectively zero.