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View ChartArweave is software designed to permanently store files across a distributed network of computers. The project’s aim is to create something akin to the fabled Library of Alexandria: an everlasting digital archive.
In this respect, Arweave shares many similarities with other decentralised storage platforms such as Filecoin and Sia, both of which also use cryptocurrencies to create marketplaces where users can buy and sell data storage services.
Like these ambitious protocols, Arweave is also seeking to disrupt a market dominated by existing storage giants such as Google, Amazon, and Microsoft.
The company was founded in 2017 as Archain and changed its name to Arweave in 2018 while completing the Techstars Berlin mentorship programme. The company’s mission is to make permanent, low-cost storage a reality. It aims to accomplish this with the Arweave network, which uses a block-based data structure called a ‘blockweave’.
The Arweave blockweave underpins the Arweave Permaweb: an array of data, websites and applications hosted on the blockweave. As the Arweave protocol is built on top of the HTTP protocol, the Permaweb can be accessed via modern web browsers such as Brave or Google Chrome. The Arweave protocol enables individuals with spare hard drive space to store data on the network in perpetuity in exchange for AR tokens. Arweave anticipates that the cost of storage will continue to decrease, and it uses a formula to calculate the cost of storing a particular piece of data. All of Arweave’s assumptions can be found in its Yellow Paper.
The Arweave mainnet was launched in June 2018 with a select group of 1,800 hand-picked participants from various countries. Prior to this, the Arweave team conducted an initial token sale limited to whitelisted individuals.
In November 2019, Arweave secured $5 million in funding from several venture capital firms in exchange for $5 million worth of AR tokens. Six months later, the Arweave team raised a further $8.3 million in exchange for AR tokens. Following this round, however, the firm stated that it would use the new funds to incentivise community adoption and growth.
AR is the currency of the Arweave network.
Users who wish to store data must buy AR to pay for distributed data storage, and computers on the network that provide storage services must accept payment in AR tokens.
Of note for investors is that the number of AR tokens in circulation is limited to 66 million units. The first tranche of AR cryptocurrency was created in June 2018 when Arweave was launched. At that time, 55 million AR tokens were created.
An additional 11 million AR tokens are scheduled to be gradually released to the computers performing storage services on the network.
The easiest way to buy Arweave (AR) is through a crypto exchange like BTCC. BTCC makes purchasing Arweave (AR) easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first Arweave (AR) purchase, register with BTCC today.
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TradeAs of right now, the live price of Arweave (AR) is C$2.502459. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated AR to USD rate at the top of BTCC’s price page. In terms of market scope, Arweave records a 24h trading volume of C$8.33105M (reflecting total buying and selling activity over the last 24 hours), with a total market cap of C$162.555787M. Its current circulating supply stands at 65.65M out of a maximum supply cap of 66M.
The price volatility of Arweave (AR) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Bank of Canada or US Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (65.65M) to max supply (66M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, Arweave (AR) hit an all-time high (ATH) of C$126.188405 on 2021-11-05 08:45, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at C$0.67361 on 2020-05-27 14:25. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading AR futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume (C$8.33105M), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s ARUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Arweave, simply log into your BTCC account with USDT margin available, navigate to the ARUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for ARUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: C$2.502459), you can practise opening/closing positions, adjusting leverage, and setting TP/SL for ARUSDT with zero financial risk.
Trading Arweave (AR) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for ARUSDT, and review its live price (C$2.502459) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.