Convert and Swap Arweave AR to United States Dollar USD
AR/USD: 1 Arweave equals $16.40 USD
Arweave (AR) is not tradable on Coinbase.
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Last update: 5:51 PM, December 22, 2024
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Arweave is falling this week.
The current price of Arweave is $16.40 per AR. With a circulating supply of 65,652,466 AR, it means that Arweave has a total market cap of $1,076,045,145.80. The amount of Arweave traded has fallen by $24,640,838.96 in the last 24 hours, which is a 23.83% decrease. Additionally, in the last day, $103,418,599.70 worth of AR has been traded.
About Arweave
Arweave (AR) is a decentralized storage network that aims to provide a platform for the indefinite storage of data. It describes itself as "a collectively owned hard drive that never forgets," and primarily hosts "the permaweb" — a permanent, decentralized web with numerous community-driven applications and platforms. The Arweave network uses its native cryptocurrency, AR, to compensate "miners" for indefinitely storing the network's information. The project was initially announced as Archain in August 2017, later rebranded to Arweave in February 2018, and officially launched in June 2018.
Arweave operates on a variation of blockchain technology known as "blockweave," where each block is linked to both the one immediately prior and a random earlier one. This structure incentivizes miners to store more data because they need to be able to access random previous blocks to add new ones and receive rewards. Arweave's "proof-of-access" consensus algorithm, a modified version of proof-of-work, ensures that each new block is linked not only to the one immediately prior to it but also to a random previous block. This incentivizes miners to store more information to prove they can access the old blocks required to mine a new one.
Arweave's primary use case is to provide a platform for the indefinite storage of data, making it a valuable resource for preserving important information across time. Its flagship permaweb is built on top of Arweave's "blockweave," creating a permanent, decentralized web with numerous community-driven applications and platforms. Arweave also introduced "profit sharing tokens" in June 2020, which allow developers to receive dividends when network transaction fees are generated from their application. This has led to the development of various permaweb-based apps and the collaboration with startups through its "Boost" program.
Arweave was founded by Sam Williams and William Jones, two Ph.D. candidates at the University of Kent. The project was initially announced as Archain in August 2017, later rebranded to Arweave in February 2018, and officially launched in June 2018. The idea for Arweave was conceived by Williams during a walk up a mountain in Scotland, and he later developed the technical details with Jones. After Jones left the project in mid-2018, Williams continued to lead Arweave and also served as an advisor to Minespider and a mentor for the Techstars accelerator program. Arweave launched a decentralized autonomous organization in January 2020, comprised of core community members to further the development and expansion of the network and its ecosystem.
How Arweave and United States Dollar differ
Arweave (AR) and the US Dollar (USD) are fundamentally different in their nature and function. Arweave is a decentralized storage network that aims to provide a platform for the indefinite storage of data, using a unique "blockweave" technology. It operates on a "proof-of-access" consensus algorithm, incentivizing miners to store more data by linking each new block to a random previous one. The native cryptocurrency, AR, is used to compensate these miners. On the other hand, the US Dollar is a traditional fiat currency, issued and regulated by the Federal Reserve. It is a physical and digital medium of exchange, used for buying goods and services, and does not rely on blockchain technology or miners for its operation. While Arweave's primary use case is to provide a platform for the indefinite storage of data, the US Dollar serves as a store of value and unit of account in the global economy. Arweave's value is determined by the demand for its unique data storage capabilities, whereas the value of the US Dollar is influenced by factors such as inflation, interest rates, and the economic health of the United States.
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AR to United States Dollar conversion tables
The exchange rate of Arweave is increasing.
The current value of 1 AR is $16.40 USD. In other words, to buy 5 Arweave, it would cost you $82.00 USD. Inversely, $1.00 USD would allow you to trade for 0.0610 AR while $50.00 USD would convert to 3.0487 AR, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 26.43%. Meanwhile, in the last 24 hours, the rate has changed by 1.75%, and that the the highest exchange rate of 1 AR to United States Dollar was $16.82 USD and the lowest 24 hour value was 1 AR for $15.27 USD. This time last month, the value of 1 AR was $17.55 USD, which is a 7.94% increase from where it is now. Looking back a year, Arweave has changed by $10.15 USD.
AR to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$16.08 USD | 1.75% | $22.16 USD | -26.43% | $17.55 USD | -7.94% | $10.15 USD | 55.13% |
AR to USD
Amount | Today at 5:51 pm |
|---|---|
0.5 AR | $8.20 |
1 AR | $16.40 |
5 AR | $82.00 |
10 AR | $164.01 |
50 AR | $820.03 |
100 AR | $1,640.06 |
500 AR | $8,200.31 |
1,000 AR | $16,400.61 |
USD to AR
Amount | Today at 5:51 pm |
|---|---|
0.5 USD | 0.0305 AR |
1 USD | 0.0610 AR |
5 USD | 0.30 AR |
10 USD | 0.61 AR |
50 USD | 3.05 AR |
100 USD | 6.10 AR |
500 USD | 30.49 AR |
1,000 USD | 60.97 AR |
Today vs. 24 hours ago
Amount | Today at 5:51 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 AR | $8.20 | $8.02 | +2.29% |
1 AR | $16.40 | $16.03 | +2.29% |
5 AR | $82.00 | $80.16 | +2.29% |
10 AR | $164.01 | $160.33 | +2.29% |
50 AR | $820.03 | $801.65 | +2.29% |
100 AR | $1,640.06 | $1,603.30 | +2.29% |
500 AR | $8,200.31 | $8,016.49 | +2.29% |
1,000 AR | $16,400.61 | $16,032.98 | +2.29% |
Today vs. 1 month ago
Amount | Today at 5:51 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 AR | $8.20 | $8.78 | -6.63% |
1 AR | $16.40 | $17.56 | -6.63% |
5 AR | $82.00 | $87.82 | -6.63% |
10 AR | $164.01 | $175.64 | -6.63% |
50 AR | $820.03 | $878.22 | -6.63% |
100 AR | $1,640.06 | $1,756.44 | -6.63% |
500 AR | $8,200.31 | $8,782.22 | -6.63% |
1,000 AR | $16,400.61 | $17,564.45 | -6.63% |
Today vs. 1 year ago
Amount | Today at 5:51 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 AR | $8.20 | $5.08 | +61.46% |
1 AR | $16.40 | $10.16 | +61.46% |
5 AR | $82.00 | $50.79 | +61.46% |
10 AR | $164.01 | $101.58 | +61.46% |
50 AR | $820.03 | $507.89 | +61.46% |
100 AR | $1,640.06 | $1,015.79 | +61.46% |
500 AR | $8,200.31 | $5,078.94 | +61.46% |
1,000 AR | $16,400.61 | $10,157.88 | +61.46% |
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