Bounty

Hedera

DeFi

April

Arweave

<p>Arweave (AR) recovered strongly to $35, remaining close to its weekly peak. Arweave is part of the new batch of projects that started trading in 2021, and is yet to recover the all-time high of above $80 achieved during the 2021-2022 bull market.</p>
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<p>AR traded at $35.07 with volumes close to $200M in 24 hours and $355K in liquidity for 2% slippage. AR remains in the green on the weekly chart, as the project entered the top 50 of coins based on market capitalization.&nbsp;</p>
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   <p lang="en" dir="ltr">1/ Finding Zero-to-One innovations in crypto is my ultimate quest.<br><br>The rare gems that change the game.<br><br>Arweave's AO 'absurdly scalable' hyper parallel computer could be just the thing I look for: 🧵 <a href="https://t.co/NWapXCY7UM" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/NWapXCY7UM</a></p>— Ignas | DeFi Research (@DefiIgnas) <a href="https://twitter.com/DefiIgnas/status/1786074010234806630?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 2, 2024</a>
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<p>AR is also an outlier among tokens, for having 99% of its supply in circulation, with no locked coins or vaults. Additionally, around 8% of all tokens are actively traded in a 24-hour period. AR retains mid-range liquidity in its most active trading pairs on <a href="https://www.binance.com/en/markets?ref=16863683" rel="noopener noreferrer nofollow" target="_blank">Binance</a>.</p>
<p>The immediate reason for the AR rally was a recent listing on the Coinbase futures market, along with Hedera and Theta Network.&nbsp;</p>
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   <p lang="en" dir="ltr">We are adding support for Hedera, Theta, and Arweave perpetual futures on Coinbase Advanced.<br><br>The opening of our HBAR-PERP, THETA-PERP, and AR-PERP markets will begin on or after 9:30am UTC on 9 MAY 2024. <a href="https://t.co/Nv6idTVwnJ" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/Nv6idTVwnJ</a></p>— Coinbase Traders (@coinbasetraders) <a href="https://twitter.com/coinbasetraders/status/1786063718637564354?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 2, 2024</a>
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<p>The full effect of futures trading is yet to be seen, as the new markets will open from May 9.</p>
<h2 class="wp-block-heading" id="arweave-marks-transaction-peak-in-april">Arweave Marks Transaction Peak in April</h2>
<p>The Arweave ecosystem aims to build the decentralized ledger for data storage and retrieval. Arweave protocol has been tested for years now, and has proven robust as a tool for permanent data storage. A distributed system aims to disrupt existing cloud solutions, with the potential to create truly neutral web apps and storage that does not expire due to time constraints.&nbsp;</p>
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   <p lang="en" dir="ltr">700M+ transactions on Arweave this April.<br><br>This is becoming standard for Arweave.<br><br>With <a href="https://twitter.com/aoTheComputer?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@aoTheComputer</a>, it may only be a matter of time before we see a 1B+ transaction month on <a href="https://twitter.com/hashtag/Arweave?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Arweave</a>.<br><br>It's wild to see this happen in real-time. NFA. <a href="https://t.co/YrbAqLXNQf" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/YrbAqLXNQf</a></p>— Only Arweave (@onlyarweave) <a href="https://twitter.com/onlyarweave/status/1786032981204959609?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 2, 2024</a>
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<p>Increased usage also translates into demand for AR tokens, as they are the main currency to pay for storage. Over the past few months, Arweave noted increased data inflows and transactions on its <a href="https://viewblock.io/arweave" rel="noopener noreferrer nofollow" target="_blank">specialized blockchain</a>.</p>
<p>Arweave is now in the most active stage of building up its ecosystem and social media community. An expanding token is only helping to retain new supporters.&nbsp;</p>
<p>The Arweave community have picked the Weavers nickname. Arweave is now trying to retain users by also offering gamified bounties.&nbsp;</p>
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   <p lang="en" dir="ltr">Lost on how to use Bounty Bot?<br><br>Check out the Bounty Bot Manual on the Weavers website for: <br><br>✅ Step by Step Instructions <br>✅ Current Bounty Requirements <br><br>👉 <a href="https://t.co/gxeHA9QknR" rel="noopener noreferrer nofollow" target="_blank">https://t.co/gxeHA9QknR</a> <a href="https://t.co/o0WFr0PlV2" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/o0WFr0PlV2</a></p>— Weavers (@Weavers_Org) <a href="https://twitter.com/Weavers_Org/status/1786029040995832220?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 2, 2024</a>
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<h2 class="wp-block-heading" id="arweave-moves-to-decentralized-computing">Arweave Moves to Decentralized Computing</h2>
<p>Arweave is also targeting developers directly, with the potential to build decentralized applications. The platform has carried distributed data solutions for a total of six years, while expanding beyond storage and into distributed computing. With the new addition of AO Computer, Arweave turns similar to projects like the Internet Computer.</p>
<p>The Arweave services are available for end users, but also as enterprise solutions. Distributed data and computation was also implemented by other blockchain projects, showing that Arweave is compatible with all types of data needs.</p>
<p>On Arweave’s distributed storage, the platform brings a more accessible way of interacting with blockchain records. Over the years, blockchains become too large and only dedicated entities try to hold the entire history. Arweave aims to prevent that data overload, by incentivizing distributed storage and retrieval of the blockchain history.</p>
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   <p lang="en" dir="ltr">1/ ✅ KYVE has officially validated &amp; archived all of <a href="https://twitter.com/noble_xyz?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@noble_xyz</a>'s historical data onto <a href="https://twitter.com/ArweaveEco?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@ArweaveEco</a>!<br><br>As Noble supercharges <a href="https://twitter.com/cosmos?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@cosmos</a>, one asset at a time; KYVE is preserving this historical data, one block at a time 🤝<br><br>Check the 🧵 to see how you can leverage KYVE for reliable &amp;… <a href="https://t.co/ZWG83n2AIK" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/ZWG83n2AIK</a></p>— KYVE 💫 (@KYVENetwork) <a href="https://twitter.com/KYVENetwork/status/1785304805679800515?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 30, 2024</a>
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<p>Arweave also branched into the AO Computer project, which positions itself as a hub for developers. In general, Arweave aims to add new activities and branches, becoming a multi-product hub. Decentralized Physical Infrastructure Networks (DePIN) are also one of the targets for Arweave.&nbsp;</p>
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   <p lang="en" dir="ltr">One of the most promising narratives of the current cycle is <a href="https://twitter.com/hashtag/DePIN?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#DePIN</a> – Decentralized Physical Infrastructure Networks. <a href="https://t.co/ljKQFJO6vN" rel="noopener noreferrer nofollow" target="_blank">https://t.co/ljKQFJO6vN</a> is positioned to become an important part of the landscape with Arweave and the rise of <a href="https://twitter.com/aoTheComputer?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@aoTheComputer</a> 🐘<a href="https://t.co/cylCERrBL0" rel="noopener noreferrer nofollow" target="_blank">https://t.co/cylCERrBL0</a></p>— ar.io network (@ar_io_network) <a href="https://twitter.com/ar_io_network/status/1785370095063073195?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 30, 2024</a>
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<p>In the coming months, Arweave may also add faster forms of swapping and DeFi capabilities. But the key project remains the AO computer, which will aim to transfer fast messages for decentralized Internet services.&nbsp;</p>
<p>AO Computer is still in the testnet stage, but Arweave hopes to repeat the success of its decentralized data network.&nbsp;</p>
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   <p lang="en" dir="ltr">Meanwhile: <a href="https://twitter.com/aoTheComputer?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@aoTheComputer</a> will likely cross 50 million messages on Arweave within a week.<br><br>Arweave mainnet: 2,152 days.<br>AO testnet: 62 days.<br><br>Watch this space. <a href="https://t.co/wb92D4C1xE" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/wb92D4C1xE</a></p>— 🐘🔗 sam.arweave.dev (@samecwilliams) <a href="https://twitter.com/samecwilliams/status/1785059937296457974?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">April 29, 2024</a>
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<p>In the coming months, the AO evolution from test net to official launch may continue to drive attention for Arweave, as well as the AR token. The launch of the AO test net was among the big events for Arweave, which caused a 40% token rally in February.&nbsp;</p>
<h2 class="wp-block-heading" id="arweave-uses-data-based-mining-protocol">Arweave Uses Data-Based Mining Protocol</h2>
<p>Arweave uses a process of mining, where each node has to prove they have stored as much data as possible. The Arweave protocol checks randomly for a selected piece of data. Miners receive rewards if they have that data in storage and available for retrieval.&nbsp;</p>
<p>Mining with proof of data storage is possible even for consumer-grade electronics. There are also other roles for securing the blockchain, such as observer nodes. All network participants will receive incentive IO tokens for securing the project’s distributed services.</p>

Arweave (AR) Rallies on New Futures Market Launch, Network Marks Transaction Record

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Cryptopolitan_News

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