Decentralized storage platform Arweave’s AR token jumped to an 18-month high amid several developments within the blockchain network’s ecosystem.
Data from CryptoSlate show that AR’s value rose to $14.68 after it soared by around 20% during the past day. This continued a run that has seen it gain over 65% during the past seven days, making it the fourth-largest filesharing blockchain network with a market capitalization of $936 million.
Arweave provides storage for any type of file, including web pages, gaming data, and images, permanently and sustainably with a single upfront payment. Viewblock data shows that 76.15 pebibytes, or 85.7 million gigabytes worth of data, have been stored on the filesharing blockchain as of press time.
Arweave’s ecosystem growth
Arweave’s recent surge in price correlates with pivotal advancements within its ecosystem.
Co-founder Sam Williams unveiled plans for a hyper-parallel computer set to revolutionize the filesharing network. The project’
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