"Filecoin Narrative Cocoon, Story Middle Way Collapses, Where Does the Data Chain Go?" 》
—— The @irys_xyz of Datachain deconstructed in the vernacular
introduction
The lag of infrastructure construction behind technological innovation is a difficult problem that cannot be avoided in the evolution of human civilization, and the infrastructure of the old technology system cannot carry the demand for innovative technology. The Internet has broken through the limitations of dial-up connections, streaming media has replaced traditional cable TV, cloud computing has disrupted the design, distribution and use of software, and new infrastructure has unleashed the full potential of technological innovation.
The same thing will happen in the data layer of Web3.
Encrypted data is an asset class with huge potential value, but current data layer protocols such as @Filecoin / @ArweaveEco / @StoryProtocol face an impossible triangle: programmability, verifiability, and high cost efficiency. @irys_xyz a feasible solution to break through the impossible triangle is given.
<解构 @irys_xyz="">
The core positioning of @irys_xyz is to focus on data storage and unlock the value of data (Datachain), and it is also a sovereign Layer 1 with independent consensus.
Deconstructing the Irys Technology Architecture in the Vernacular:
Irys = uPoW & staking Hybrid Consensus + IrysVM + Efficient Sampling
<Irys vs.="" filecoin="">
Question 1:
One of the problems of @Filecoin is that miners are allowed to commit to unlimited capacity data storage, which leads to excessive resource expansion and profit compression under vicious competition among miners, which affects the stability of the system.
@irys_xyz proposed uPoW & staking hybrid consensus mechanism can balance the supply of data storage and the incentive of miners to a certain extent. uPoW requires miners to verify the data partitions they maintain by generating cryptographic storage proofs, generate blocks, and receive corresponding rewards; Under the staking mechanism, miners need to stake a certain amount of $IRYS tokens as collateral, and if they are unable to perform their data storage duties, their staked assets will be slashed;
In short, @irys_xyz reduces the possibility of vicious competition and subjective evil of miners by introducing economic punishment constraints.
Question 2:
The second problem with Filecoin is that it doesn't have data programmability. FVM VMs don't have native access to stored data to work with data to unlock the value of it.
@irys_xyz Implementing programmable data on top of IrysVM for on-chain computing capabilities and data layer integration means that smart contracts can query, retrieve, and modify stored data in real-time, unlocking more use cases. Such as enforcing ownership, automating royalty payments, managing access, efficiently validating any predefined instructions in smart contracts.
<Irys vs.="" story="">
Question 3:
@StoryProtocol does not store the full IP assets on-chain, only metadata. Story only stores metadata and not the asset itself, which is often stored in IPFS, which introduces trust risk.
@irys_xyz Storing assets intact on-chain eliminates trust risk for third parties. Based on an efficient sampling mechanism, @irys_xyz ensures that the data is verifiable, greatly optimizing the validation process, and the data is always trusted and accessible, all without sacrificing performance.
By deconstructing Irys, one conclusion can be drawn that the technical architecture of Irys can fill in with the shortcomings of existing data storage protocols and make the Datachain narrative still sexy.
<写在最后>
AWS unlocks hundreds of billions of dollars in business, with database, data storage, and compute at its core unifying into a single system to work together;
From this perspective, @irys_xyz is like the web3 version of AWS, based on its Datachain architecture, transforming data into a verifiable, composable, and monetizable resource, unlocking the huge potential value behind data. </写在最后></Irys></Irys></解构>
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Yogi
Bitcoin's OP_RETURN Debate: TL; DR
What’s OP_RETURN?
A Bitcoin opcode letting users embed small bits of data (~80 bytes) in transactions. These outputs become permanently unspendable—turning Bitcoin into a decentralized digital storage and/or notary.
Why it matters?
It’s an ideological crossroads:
- Pure money vs. General-purpose storage
- Minimalism (clean ledger, decentralization) vs. Expanded utility (mission creep risk)
Originally, Bitcoin was strictly financial. Around 2013, devs started embedding timestamps, tokens (NFTs), identities, etc., using OP_RETURN.
What changed?
Bitcoin Core v0.9.0 (2014) standardized OP_RETURN—initially capped at 40 bytes, now 80 bytes.
Before OP_RETURN, users resorted to ugly hacks (fake addresses, multisig spam), cluttering the blockchain and polluting the UTXO set. OP_RETURN cleaned up that mess.
The Core Debate (simplified):
Critics:
-Blockchain Bloat: Extra data permanently enlarges blockchain size, threatening decentralization.
- Mission Creep: Dilutes Bitcoin’s original vision (digital peer-to-peer money).
- Economic Externalities: Embedder pays once; nodes store data forever.
Supporters:
- Innovation: Enables real, valuable use-cases (NFTs, stablecoins like Tether, notarization, data storage etc.).
- Cleaner Approach: Avoids worse solutions that would pollute the UTXO set.
- Limited Impact: The 80-byte cap limits damage and ensures predictability.
Bitcoin’s core job is decentralized money—not arbitrary data storage. OP_RETURN is a practical compromise—but keep it tightly capped, impose higher fees to internalize node costs, and move larger data off-chain. Bitcoin’s killer feature is scarcity and security. It’s the ultimate hard financial asset and global collateral.
My opinion - leave OP_Return as is or increase slightly. Otherwise, send large-scale data storage somewhere else—like Arweave or Walrus.
Opinion purely positioning not technical in nature.
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kidponga
Interesting to see how this has played out so far. Will check back in 6 months.
kidponga
High quality alts that I think warrant longer term flows:
$Tao, $grass, $rndr, $hnt, $tia, $sui, $ar, $hype (wen tge)
maybe: $ena + SOL DeFi
High quality alts that I don't think warrant longer term flows:
$aave, $mkr, $eigen, $dydx etc etc.
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Josh Benaron (✧ᴗ✧) reposted
土澳大狮兄BroLeon
Today, I saw @jason_chen998 write about Irys, and I still remember the project and Arweave spraying each other a long time ago, in fact, what makes me more memorable is that Aunt Dovey's @primitivecrypto also voted, and everyone who 🤪🤪🤪 understands it.
It just so happened that I also needed to fill in the ambush list of unissued projects recently, and I took the time to do a little homework, so I will record it here.
In fact, Brother Jian's post is already very hardcore, and I try to explain my research results in easy-to-understand sentences.
~~~~~~~~~~~~~~~~~~
First of all@irys_xyz Although it comes from the Arweave ecosystem, it has evolved into an L1 chain built for future data needs, especially focusing on AI, IP (intellectual property) and the storage and application of high-value data.
📌 Why is it worth paying attention to?
AI feeds on data, but 95% of high-quality training data is now in the hands of five tech giants, severely limiting innovation.
None of the current mainstream blockchains (such as Filecoin, Arweave, and Ethereum) can really solve the problem of "data accessibility + intelligent processing":
-Filecoin is slow, and smart contracts can't read data.
-Arweave is expensive, the data is not verifiable, and it is centralized.
-Ethereum blobs data can only be stored for 18 days, and the Rollup project is getting higher and higher in order to compete for storage space.
~~~~~~~~~~
🚀 What did Irys do?
By integrating data storage + smart contract execution on a chain, data can not only be stored, but also "moved", and logic such as payment, authorization, and trigger mechanism can be directly built into the data.
For example, AI models can automatically pay for access to high-quality training data, and the data uploader directly benefits, creating a virtuous cycle.
I quoted a cartoon video from Irys, which illustrates the principle very vividly: data that could only be used for storage can now be played into a variety of music.
~~~~~~~~~~
💰 Where is the market potential?
I'm now more and more immune to pure storytelling VC projects, so I'm more concerned about whether a project has a market and whether it can land and make money.
One of the figures given by the project team is that the market size of high-quality data can reach $3 trillion, and Irys turns these "dormant assets" into programmable, tradable, and circulating resources.
In addition, IP (especially AI-generated content) also needs new ways to confirm and monetize copyrights, and Irys can work with other IP-focused protocols, such as @StoryProtocol, to eat this piece of the pie.
When Irys is combined with protocols such as Story Protocol that focus on IP management and monetization, it can form a stronger complete solution of data storage + equity tracking + automatic settlement.
~~~~~~~~~~~
There's a specific application scenario here that touched me a bit.
In fact, there is a lot of AI training data in music, novels, codes and other fields, and last time I talked to a friend who wrote novels, and she was very anxious that AI novels would replace most online cool writers in the future.
If in the future, the articles they write can solve the storage, pricing and execution through Irys, and the story solves the confirmation and tracking, and form a long-tail "automatic revenue generator" for creators after linkage, it will be really pretty dick.
~~~~~~~~~~~
At last
With strong VC support and project data that once accounted for the majority of Arweave's data volume and transaction volume, Irys is still a relatively mature project. It can't just be seen as a stupid VC game game, I think it can still be seen at a glance.
Now it's up to you to see how you can get involved.,After all, I've been a little scared of being backlashed recently.,Let's see if we can find someone from the team to do further DD.。
Irys (✧ᴗ✧)
Data belongs on Irys.
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Arweave price performance in USD
The current price of Arweave is $6.7770. Over the last 24 hours, Arweave has decreased by -3.98%. It currently has a circulating supply of 65,454,186 AR and a maximum supply of 66,000,000 AR, giving it a fully diluted market cap of $443.39M. At present, the Arweave coin holds the 0 position in market cap rankings. The Arweave/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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As the popularity of blockchain soared due to its secure and immutable nature, Arweave seized the opportunity to create a platform that offers a unique approach to data storage. The project's innovative concept holds the promise of virtually limitless storage capabilities, opening up new possibilities for individuals and businesses alike.
What is Arweave
Arweave is a decentralized storage network that aims to revolutionize data storage by providing an indefinite storage solution. At the heart of Arweave's ecosystem lies the concept of the "permaweb," which represents a permanent and decentralized web infrastructure. Through the permaweb, Arweave hosts a multitude of community-driven applications and platforms.
The Arweave team
Arweave was founded by two PhD candidates at the University of Kent, Sam Williams and William Jones. Sam Williams brought his expertise in decentralized and distributed systems to the project, while William Jones specialized in neural networking and graph theory. Although Williams made the decision to leave his studies and dedicate himself fully to Arweave, Jones chose to complete his PhD before pursuing other ventures.
How does Arweave work
Arweave operates on a unique technology called Blockweave, which forms the foundation of its permaweb. Unlike traditional blockchain systems, Blockweave connects each block to two others: one that comes before it and another chosen randomly from earlier blocks. This design incentivizes miners to store more data by requiring them to access previous blocks in order to receive rewards.
Arweave’s native token: AR
Arweave's native token, AR, plays a crucial role within the Arweave network. The cryptocurrency was launched in late May 2020 with a maximum supply of 66 million AR tokens and a total supply of 63.19 million. The circulating supply currently stands at 33.39 million.
AR is readily available for trading on numerous decentralized exchanges (DEX), providing users with easy access to participate in the Arweave ecosystem. Additionally, AR is listed and actively traded on nearly 50 prominent centralized exchanges, including OKX. This broad availability and exchange support contribute to the liquidity and accessibility of AR, facilitating its use within the Arweave network and enabling users to engage with the platform's innovative decentralized storage solutions.
How to stake AR
One popular way to stake AR is through OKX Earn. OKX Earn offers a one percent APY with a flexible staking term. Through staking AR, you can earn passive rewards. You may also unstake AR at any time.
AR token use cases
AR token, the native cryptocurrency of the Arweave network, plays a crucial role in facilitating the storage and permanence of data. Unlike traditional Web2 storage platforms such as Google Cloud or Amazon Web Services that require recurring payments, Arweave operates on a one-time, up-front fee model.
By using AR tokens, users can securely store their data on the Arweave network, ensuring its permanence, privacy, and immutability. Once the data is stored, it remains safe and accessible indefinitely, making Arweave a unique platform for individuals and organizations seeking a decentralized and permanent storage option.
AR token distribution
AR’s distribution is as follows:
38.5 percent was sold from the Genesis Block supply.
2.9 percent was allocated to project advisors.
13 percent was set aside for the project team, with a fifth of this allocation being released annually over a period of five years.
19.1 percent was allotted for further development of the Arweave ecosystem.
26.5 percent was reserved for future financing of the project, with a fifth of this allocation being released annually over the course of five years.
Arweave and the future of online storage
With Arweave, users can securely store their data in a permanent and tamper-proof manner, ensuring its long-term integrity. This innovative approach to online storage eliminates the need for traditional Web2 solutions, such as recurring payments on centralized platforms. On top of that, with its focus on decentralization and immutability, Arweave is poised to transform the landscape of online storage and pave the way for a new era of data permanence and accessibility.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 487 new posts about Arweave, driven by 307 contributors, and total online engagement reached 19K social interactions. The sentiment score for Arweave currently stands at 86%. Compared to all cryptocurrencies, post volume for Arweave currently ranks at 4375. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Arweave.
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Arweave FAQ
How much is 1 Arweave worth today?
Currently, one Arweave is worth $6.7770. For answers and insight into Arweave's price action, you're in the right place. Explore the latest Arweave charts and trade responsibly with OKX.
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