AR Arweave Token Hit 18-Month High Amid Rapid Growth and Innovation

Decentralized storage platform Arweave’s AR token has jumped to an 18-month high amid several developments in the blockchain network’s ecosystem. Data from CryptoSlate shows AR rose to $14.68 after rising about 20% in the last day. It has surged more than 65% in the past seven days, making it the fourth-largest file-sharing blockchain network with a market capitalization of $936 million.

Arweave provides permanent and stable storage for any type of file, including web pages, game data and images. Viewblock data shows that at the time of writing, the file-sharing blockchain held 76.15 pebibytes or 85.7 million gigabytes of data.

Co-founder Sam WILLIAMS has unveiled plans to create a hyperparallel computer that will revolutionize the file-sharing network. The project’s testnet is running, promising a significant increase in computing capabilities once launched, as well as temporary storage solutions for users. Additionally, Arweave recently celebrated a major milestone by surpassing the three billion transaction mark on February 14th.

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