Arweave price

IRYS has actually written a lot, and everyone loves the ability to handle cash. I feel that programmable data assets are assets with "superpowers". Irys has completed a qualitative change: from a "data storage chain" to a truly meaningful "data execution platform". The testnet has surpassed 1 billion transactions, and the partners have expanded from AI verification protocols to enterprise-level data flows. The mainnet launch is imminent, and Irys is no longer just a cheap "on-chain hard drive" but rather the "data burning engine" of the AI era. Founder Josh Benaron @josh_benaron: Since its establishment in 2021, they have focused on building the best product UX in the data chain field. Starting from helping Arweave expand from 5 to 200 crypto projects, they achieved growth by significantly improving UX. Now, they are applying the same principles to their own L1 data chain—not only growing in the crypto field but also making strides in various data-intensive scenarios. ⸻ The testnet has surpassed 1 billion transactions, and Irys is no longer just a "proof of concept". On October 21, Irys announced that the testnet transaction volume exceeded 1 billion. This is not just "many" but "stable"—the entire process had no downtime and no packet loss. More importantly, there has been a change in transaction types: most transactions in the past were data uploads, but now an increasing number are execution transactions. Data on the Irys chain is starting to "move"—from being stored to being readable, verifiable, and executable by programs. This is the biggest watershed between Irys and Arweave, Filecoin. Data is no longer a static warehouse but a resource that can be processed into new energy. The core of Irys lies in IrysVM: an EVM-compatible environment that runs directly on-chain, where smart contracts can read and write stored data directly without relying on oracles. AI, gaming, and research projects can call their datasets in real-time on-chain, with verification, settlement, and callbacks all completed within the same system—this is the true meaning of "programmable data". ⸻ Irys has found its first "killer scenario": AI verification. On October 15, Mira Network announced that all AI verification data would be stored in Irys—including verification statements, consensus results, signature proofs, etc. This data not only needs to be permanently preserved but also must be verifiable by other systems at any time. Traditional storage chains cannot achieve this, but Irys has solved it through a programmable mechanism. Mira's integration means that Irys is not just a tool in the crypto world but is beginning to enter the AI infrastructure layer. Filecoin is doing "distributed hard drives", while Irys is doing "distributed databases". Josh's thinking is clear: Bundlr helped Arweave handle 95% of the transaction volume, but that was just an intermediary layer and did not solve the fundamental problem. Irys is the underlying operating system he rewrote for "programmable data". Because of this, institutions like Mira, 375ai, and SCAI have already boarded the train before the mainnet. ⸻ The Asian market has been placed at the strategic core. Josh has spent most of this year in Asia, with noticeable increases in community activity in South Korea and Singapore. Irys's developer activities are synchronized with AI collaborations, which is not just market expansion but more like a cultural self-adjustment: to land AI applications, one must go to regions dense with data flows and active developers—Asia happens to meet both conditions. ⸻ Now, Irys's mainnet is "circuit connected, but the switch hasn't been flipped". The testnet has proven that the engine can run, but incentives have not yet been launched. When verification nodes start earning rewards, AI projects begin paying fees, and user data becomes executable assets, the flywheel will truly start. The previous 1 billion test transactions were just a warm-up; the real acceleration will explode after the mainnet incentives go live. ⸻ In the past half month, Irys has transformed from a low-profile testnet project into the most discussed "data public chain" across the network. It is not just "recreating a storage chain" but turning data into a runnable, tradable, and provable economic system. In the cycle of AI and data integration, Irys is not just a project but resembles a main road leading to "data capitalism". The mainnet has not yet launched, but the story has already begun to accelerate. @irys_xyz