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Wednesday, 15 Dec 2021
Crypto Notes
A weekly newsletter decoding crypto, blockchain and the entire ecosystem.
By Rohas Nagpal

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Good morning!

All about Arweave (AR)

Over the last few weeks, we discussed Dogecoin (DOGE), Cardano (ADA), Binance Coin (BNB), Solana (SOL), Bitcoin (BTC), Ether (ETH), Filecoin (FIL), Polkadot (DOT), Polygon (MATIC), Chainlink (LINK), Theta, Chiliz (CHZ), Avalanche (AVAX), Terra (LUNA), the top Metaverse cryptos, the to DeFi protocols. and the most important DAO cryptos.

This week we take on Arweave (AR).

     

Let's start with some interesting crypto news:

AscendEX, the Singapore-based cryptocurrency exchange, has suspended crypto withdrawals on its exchange. AscendEX, formerly known as BitMax, had its hot wallet hacked and $77.7 million worth of tokens based on Ethereum, Polygon, and Binance Smart Chain (BSC) transferred out.

Hackers stole $135 million from users of the blockchain gaming company VulcanForge. The hack was carried out by accessing the private keys of 96 accounts and siphoning out 4.5 million PYR, the gaming platform's native token.

Solana suffered a Distributed Denial of Service (DDoS) attack but appeared to remain online throughout. The network had faced a similar issue in September when it was out for about 17 hours due to mass botting activity for an initial DEX offering (IDO) on Solana-based decentralized exchange platform Raydium.

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1. What is Arweave (AR)?

Name: Arweave

Symbol: AR

Overview:

Arweave is "a collectively owned hard drive that never forgets. It allows the permanent storage of data with a single upfront fee.

Arweave is a decentralized storage network for the indefinite storage of data. At its core is "permaweb" - a "permanent, decentralized web with applications and platforms like UI hosting, database writes & queries, and smart contracts.

Miners are paid in Arweave's native cryptocurrency, AR, to indefinitely store information.

2. Metrics

As of 14 December, its core metrics are:

Price metrics:

Current Price $ 38
All-time high (Nov 05, 2021) $ 90.94
All-time low (May 27, 2020) $ 0.4854

Supply metrics:

Circulating supply 33 million AR
Total supply 63 million AR
Maximum supply 66 million AR

Note:

Circulating Supply is the number of coins / tokens in public hands.

Total Supply is the number of coins / tokens created minus the number burned.

Maximum Supply is the maximum amount of this crypto that can ever exist

Figures have been rounded off for convenience

Marketcap & Volume metrics:

Market Cap: $ 1.3 billion
Fully Diluted Market Cap: $ 2.5 billion
Volume (24h): $ 43 Million
Volume / market cap ratio: 0.034

Note:

Market cap = Current Price x Circulating Supply

Fully Diluted Market Cap is the market cap if the maximum supply was in circulation

Volume (24h) is the fiat value of this crypto traded over the last 24 hours

Volume / market cap ratio = 24h Volume / Marketcap

Figures have been rounded off for convenience

3. Wallets

Arweave Web Extension Wallet is the official wallet.

Note: The data/graphs are from CoinMarketCap, Messari, and Future Money Wallet and may be rounded off.

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The author is an amateur boxer, a blockchain architect, a Tintinologist and a retired hacker.

     

Written by Rohas Nagpal. Produced by Nirmalya Dutta. Send in your feedback to newsletters@livemint.com.

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