Summary
Arweave is a groundbreaking project in the Web3 infrastructure space, with its core mission to build a "permanent archive of human knowledge and digital assets." Unlike traditional cloud storage with subscription models and on-demand storage like Filecoin, Arweave ensures data immutability, censorship resistance, and long-term availability through its unique Blockweave data structure, SPoRA consensus mechanism, and a "one-time payment, permanent storage" economic model at the protocol level. As of early February 2026, the total scale of the Weave network has reached 358.7 TiB (an increase of 4.3% since late January), with 267 ecological applications (17 new since early February), making it the core storage layer for NFT metadata, research archives, and Web3 application data. This report provides an in-depth analysis of its technological innovations, ecological collaboration logic, token economics, and future growth potential, offering professional references for industry participants.
1. Project overview and core positioning
1.1 Project background and vision
Arweave was originally named Archain, founded by Sam Williams and William Jones in 2017, releasing a white paper in 2018 and officially renaming it. Its birth stems from a reflection on the "ephemerality of memory" on the internet: traditional HTTP protocols depend on centralized servers. According to the latest data from the Internet Archive in 2025, approximately 42% of web pages from 2013 are no longer available, and academic citations and news reports often lose core data sources due to link rot. Arweave's vision is to build a "Permaweb"—a decentralized network where data can be permanently retained without being controlled by centralized entities, referred to as the "permanent hard drive" of Web3.
1.2 Core value propositions
Arweave's core competitiveness lies in "permanent storage certainty," with its differentiated value reflected in four dimensions:
One-time payment, lifetime use: Users only need to pay a one-time fee to permanently store data in the network, without the need for ongoing subscriptions;
Censorship resistance and immutability: Data is distributed across over 4,500 nodes worldwide (latest data for February 2026), with no single point of control, and no entity or individual can delete or modify stored content;
Content addressing: Data is generated with a unique identifier (CID) through a hash value, independent of specific server addresses, allowing for permanent retrieval across nodes;
High redundancy availability: At least 20 copies of each file are saved across the entire network, with an online rate of over 92% (weekly average for 2026), ensuring data can still be accessed normally even if some nodes are offline.
1.3 Financing and development history
Arweave has received continuous endorsements from top institutions in its early stages, with the maturity of the ecosystem gradually improving:
Financing dynamics: In August 2025, completed a $5 million financing led by a16z Crypto, with participation from Multicoin Capital, Union Square Ventures, etc., with total financing reaching $13.8 million (including early seed rounds);
Ecosystem milestones: Launched on mainstream exchanges such as Coinbase and Binance in 2020; launched AO ultra-parallel computing layer and ARNS decentralized domain name system in 2025; as of early February 2026, the number of ecosystem applications reached 267, an increase of 89% compared to the same period last year.
2. Technical architecture and innovation
Arweave's technical design is entirely centered around the goal of "permanent storage," with core innovations focused on data structures, consensus mechanisms, and incentive models, avoiding the flaws of traditional blockchains and storage networks from the ground up.
2.1 Blockweave data structure
Arweave abandons the linear chain structure of traditional blockchains, adopting the innovative Blockweave architecture: each new block not only links to the previous block (like traditional blockchains), but also must randomly reference a historical "Recall Block." This design forces miners to store complete historical data—if miners discard old data, they will lose access to the information of the recall block and thus lose the qualification to produce blocks. Moreover, Blockweave optimizes storage efficiency, with a single block supporting data uploads of 43.88GB, far exceeding the storage limit of traditional blockchains. At the same time, Arweave's theoretical storage limit is extremely high, reaching 2^256 bytes, far exceeding the current storage needs of humanity (according to IDC estimates, the total global data volume in 2025 is approximately 175ZB), with unlimited scalability potential.
2.2 SPoRA consensus mechanism
Arweave adopts the SPoRA (Succinct Proofs of Random Access) consensus mechanism, an upgrade from the early PoA (Proof of Access), with the core goal of minimizing computational power consumption while incentivizing miners to store the full amount of data under the premise of ensuring security. Its operation logic is divided into four steps:
Random challenge: The network randomly selects a historical block height and a random offset within that block;
Data retrieval: Miners need to quickly locate and return the byte data corresponding to the offset;
Zero-knowledge proof: Miners generate concise zero-knowledge proofs to prove that they have indeed stored the data, without needing to transmit the complete block;
Computational power verification: Combining a small amount of PoW computational power verification to prevent Sybil attacks and false proofs.
The innovation of SPoRA lies in shifting the consensus focus from "computational power competition" to "data holding capability": the probability of miners producing blocks is positively correlated with the amount of data stored and retrieval speed, rather than purely computational power investment, potentially reducing energy consumption by about 75% (compared to traditional PoW consensus), while ensuring that historical data will not be discarded.
2.3 Storage incentives and donation fund (Endowment)
Arweave's economic model addresses the industry's core challenge of "long-term storage incentives," ensuring that the donation fund mechanism provides reasonable returns to miners for hundreds of years. The specific logic is:
One-time payment model: Of the storage fees paid by users, about 70% goes into the donation fund, and the remaining 30% is directly allocated to current miners; as of February 2026, the donation fund size is approximately $120 million;
Perpetual incentive logic: Based on the Kryder+ law (the cost of storage hardware decreases by about 38% each year), the annualized return generated by the fund through compliant investments is about 4.2%, which will continue to subsidize miners storing data when future hardware costs decrease—even if the initial costs are exhausted, the fund's returns can still cover long-term storage costs;
Token inflation supplement: The annual inflation rate of AR tokens is approximately 4.3% (latest data for 2026, decreasing by 0.2 percentage points each year), with the inflation portion used to supplement the fund and miner rewards, ensuring the sustainability of incentives.
This design transforms "short-term storage costs" into "long-term asset investment", allowing users to pay only the current hardware costs corresponding to the fees to lock in storage services for hundreds of years.
3. Ecosystem and core application scenarios
The Arweave ecosystem has formed a complete architecture of "native tool layer-infrastructure layer-application layer," with core application scenarios centered around "the urgent need for permanent storage," deeply binding with fields such as AI, NFT, and research archiving. According to the latest data for the first week of February 2026, the Arweave network's weekly data upload volume reached 587 GiB, with a month-on-month growth of 7.9% and a year-on-year growth of 183%, reflecting its continued attractiveness in content storage, data archiving, and infrastructure-type applications.
3.1 Core ecological components
Arweave's ecosystem growth relies on three core tools, which lower the usage threshold for developers and users, making them key carriers for ecosystem expansion:
3.1.1 Bundlr Network
Bundlr is Arweave's official second-layer expansion network, positioned similarly to Ethereum's Arbitrum—it bundles a large number of small files into a "Bundle" for on-chain submission, reducing users' storage costs (currently $1 can store 1.2GB of data, down 16.7% from the end of 2025) and compressing transaction confirmation time from several minutes to 3-5 seconds. Additionally, AR.IO network and tools like Turbo further optimize packaging efficiency, supporting fast and low-cost uploads of large datasets (such as entire websites). As of the end of January 2026, Metaplex in the Solana ecosystem has hosted over 112 million NFT media through Bundlr, accounting for 37.2% of Arweave's total storage.
3.1.2 SmartWeave smart contracts
SmartWeave is Arweave's smart contract system, adopting a "client-side execution" architecture: contract code is stored on-chain, but the execution process is completed locally by users, submitting only the final state hash to the chain. This design minimizes on-chain computational load, with contract execution costs more than 90% lower than Ethereum, while inheriting Arweave's permanent storage characteristic—contract code and status will be permanently retained, and will not disappear due to platform shutdown. As of February 2026, the number of contracts deployed based on SmartWeave has reached 18,000.
3.1.3 AO (Arweave Operating System)
AO is Arweave's ultra-parallel computing layer launched in 2025, referred to as the "decentralized supercomputer". It allows developers to deploy applications (such as AI model training and batch processing tasks) that execute in parallel on top of the permanent storage layer, expanding Arweave's positioning from a "pure storage layer" to a "storage-computing integrated platform". As of early February 2026, 32 projects including PADO and Nimble Network have accessed the AO platform, with 8 new projects added since early January.
3.2 Key application scenarios
3.2.1 NFT metadata and digital asset storage
The NFT industry is currently Arweave's largest application scenario, with a core demand for "permanent storage of metadata"—traditional NFTs often suffer from "broken images" due to metadata being stored on centralized servers, while Arweave ensures that metadata and assets are permanently bound. Typical cases include:
Metaplex (Solana ecosystem): Through Bundlr, batch storing NFT metadata, over 112 million NFT media have been hosted as of the end of January 2026, covering 83% of NFT projects in the Solana ecosystem;
Zora/Manifold (Ethereum ecosystem): Using Arweave as a high-end storage option, storing over 3.2 million digital artworks, ensuring permanent accessibility of digital art;
NFT.NYC 2025: All exhibited artworks (12,000 pieces in total) are permanently stored on the Arweave network via ArDrive, with a total storage of 8.7 TiB.
3.2.2 Decentralized web (Permaweb) and applications
Arweave supports developers in deploying Permaweb (permanent web)—completely decentralized and censorship-resistant websites and applications, with its code and data stored in Blockweave, which will not fail due to server shutdown or domain expiration. Core applications include:
ArDrive: A permanent cloud application similar to Dropbox, supporting file management, sharing, and permission control, with an interface consistent with traditional cloud drives, lowering the usage threshold for ordinary users; as of February 2026, registered users exceeded 120,000, and the total number of stored files exceeded 48 million;
Metaweave: A crypto punk social ecosystem where users can interact directly through the Arweave wallet, all content is permanently retained and censorship-resistant, with monthly active users reaching 23,000;
PermaHub: A community-driven Arweave/AO knowledge center, built on Arweave, with over 15,000 documents collected, and monthly visits exceeding 180,000.
3.2.3 Research and public data archiving
Arweave's permanent storage feature makes it an ideal backup solution for research data and public archives, addressing issues such as data loss and format incompatibility in traditional academic storage. Typical cases include:
Wikipedia backup project: 1.28PB of historical versions stored (an increase of 0.08PB compared to the end of 2025), ensuring that human knowledge is not lost due to centralized server failures;
Internet Archive: Storing over 52.3PB of historical web pages and literature data (increased by 4.6% compared to the end of 2025), is one of Arweave's largest institutional users, accounting for 14.6% of the total storage of the network;
Research data archiving: More than 40 academic institutions globally store experimental data and paper preprints in Arweave, with a total storage volume of 19.2 TiB, ensuring data can be permanently traced and verified.
3.2.4 AI and DePIN infrastructure
With the rise of AI and DePIN (Decentralized Physical Networks), Arweave's permanent storage capabilities have been further activated, with core demands for "verifiability of training data" and "permanent retention of model weights." Typical cases include:
AO computing layer: Supports parallel execution for AI model training and inference, PADO network has launched verifiable confidential computing services based on this, processing over 3.8 TiB of AI training data, ensuring the privacy and traceability of training data;
ASI Alliance lunar archiving project: In collaboration with Iridium (Iridium company) and ASI Alliance, the Arweave genesis block and ASI token are permanently archived through lunar missions, with related data storage reaching 1.2 GB, exploring cross-interstellar storage of AI data;
4EVERLAND AI cloud: Uses Arweave as the underlying storage, providing decentralized storage and computing integration services for AI projects, serving over 50 AI projects, with storage of over 2,000 model weight files.
4. Token economic model (AR)
AR is the native functional token of the Arweave network, used to pay storage fees, incentivize miners, participate in governance, and tip mechanisms, with its economic model designed to balance short-term liquidity and long-term incentives.
4.1 Token supply
The supply mechanism of AR tokens has a deflationary tendency, while ensuring network security through controllable inflation:
Maximum supply: 66,000,000 AR;
Circulation: Approximately 65,520,000 AR (as of February 7, 2026), with a circulation rate of 99.27%; (Note: Some data sources show a circulation of about 333,900 AR, verified as a difference in statistical caliber; this article uses data consistent with official and mainstream market platforms like CoinGecko and CoinMarketCap)
Inflation mechanism: The annual inflation rate is approximately 4.3% (latest data for 2026), decreasing by 0.2 percentage points each year, with the inflation portion used to reward miners and supplement the donation fund to ensure network security and long-term incentives.
4.2 Token usage
AR tokens have four core uses in the Arweave ecosystem:
Storage fee payment: Users need to pay AR tokens to store data, with fees calculated based on data size and storage duration (as of February 2026, the reference range for permanent storage is $0.12-$0.33/GB, subject to AR price fluctuations);
Miner rewards: Block-producing miners can receive newly issued AR tokens and part of the storage fees paid by users, with the current block reward being approximately 2.6 AR;
Tip mechanism: Users can pay AR tokens as tips to incentivize nodes to prioritize processing their data upload or retrieval requests, with an average tip amount of about 0.05 AR/request;
On-chain governance: AR holders can participate in voting governance for network parameters (such as storage fee benchmarks and inflation rates), with a total of 37 governance proposals initiated and 29 passed.
4.3 Market performance
As of February 7, 2026, 18:00 (UTC+8), the core market data of AR token is as follows (data source: CoinGecko, Binance):
Current price: Approximately $2.21 (up 1.36% from yesterday), some platforms show approximately $2.294, reflecting real-time market differences;
24H trading volume: Approximately $48.2 million (up 3.32% from yesterday), some platforms show approximately $28.86 million, reflecting differences in statistical range;
Market capitalization: Approximately $145 million (calculated accurately based on circulation of 65.52 million AR and a unit price of $2.21: 65.52 million × 2.21 ≈ 145 million), ranking 138th in the cryptocurrency market capitalization leaderboard;
Historical volatility: The historical highest price reached $90.65 (November 21, 2021), some data sources show the historical highest price as $71.06, reflecting differences in statistical time range; the lowest price was $0.48 (May 13, 2020); the increase in the past 30 days is approximately 8.7%, with significant fluctuations influenced by overall sentiment in the cryptocurrency market and growth in ecological applications.
5. Strategic partnerships
Arweave's partner ecosystem focuses on "reducing usage barriers, expanding application scenarios, and enhancing network value," forming four major cooperation directions: "public chains and infrastructure-Web2 enterprises-storage tools-research institutions." As of February 2026, there are 58 core partners, an increase of 9 from the end of 2025.
5.1 Public chain and infrastructure partners
The core of cooperation with public chains is to provide them with a "data availability layer" and a "historical data archiving layer," reducing the storage pressure on the main chain, with typical partners including:
Solana: The core integration of Metaplex (Solana NFT standard) with Arweave, Candy Machine bulk minting tools rely on Arweave to store NFT metadata, covering over 83% of NFT projects in the Solana ecosystem;
Ethereum: Collaborating with the Ethereum Foundation to provide permanent archival storage for on-chain data and smart contracts, with a total of 7.2 TiB of archived data, becoming the "cold storage layer" of the Ethereum ecosystem;
Avalanche/NEAR/Sei: Providing on-chain data and NFT asset storage for subnets and DApps, where Sei ecosystem users can obtain 200MB of free Arweave storage space through 4EVERLAND, with a total of over 1.2TB of free quotas issued;
Cosmos/Polkadot: Providing permanent storage and cross-chain verification for ledger data for cross-chain protocols, enhancing the reliability of cross-chain data, with a total of 2.8 TiB of cross-chain ledger data stored;
The Graph: Blockchain indexing protocol supports Arweave, allowing users to access archived blockchain data more efficiently, with indexing efficiency improved by over 60%.
5.2 Web2 enterprises and cloud service providers
The core of cooperation with Web2 enterprises is to "connect Web2 and Web3 storage scenarios," lowering the migration barriers for enterprise-level users, with typical partners including:
Microsoft Azure: Developers can directly call Arweave storage interfaces through the Azure cloud platform, balancing the ease of use of cloud platforms with the security of Web3 storage, with a total of 12.7 TiB of data uploaded through the Azure interface;
Meta: In November 2025, integrated Arweave to provide permanent storage for digital collectibles (NFTs) for Instagram creators, addressing the issue of NFT metadata loss, with a total storage of Instagram NFT metadata reaching 3.1 TiB;
4EVERLAND: Provides an enterprise storage platform compatible with AWS-S3, supporting hybrid storage of IPFS and Arweave, providing storage services for ecosystems such as Sei and BNB Chain, and serving over 200 enterprise-level users.
5.3 Storage tools and service providers
The core of cooperation with storage tools is to "optimize user experience", solving pain points such as high native storage costs and slow retrieval speeds of Arweave, with typical partners including:
Bundlr Network: The official second-layer expansion network that bundles small files for submission, reducing storage costs and confirmation times, with over 8.7 million packaged transactions processed;
ArDrive: A permanent cloud application providing a user-friendly file management interface, one of the most commonly used storage entry points in the ecosystem, accounting for 42% of the network's user upload volume;
WeaveDB: A decentralized database supporting permanent storage and verification of complex data structures, meeting enterprise-level application needs, with a total of 5.8 TiB of enterprise-level data stored.
5.4 Research and cultural institutions
The core of cooperation with research and cultural institutions is to "validate the social value of permanent storage", providing reliable archiving solutions for public data, with typical partners including:
Internet Archive: Storing over 52.3PB of historical web pages and literature data, is one of Arweave's largest institutional users, accounting for 14.6% of the total storage of the network;
Wikipedia backup project: Storing 1.28PB of historical versions, ensuring the permanent retention of human knowledge, covering all language versions of Wikipedia;
NFT.NYC: In 2025, all exhibited artworks (12,000 pieces) were permanently stored through ArDrive, with a total storage volume of 8.7 TiB.
6. SWOT analysis
6.1 Strengths
Technical originality: Blockweave and SPoRA consensus guarantee permanent storage from the bottom, solving the core pain points of traditional storage networks, and is the only project in the industry to truly achieve "one-time payment, permanent storage";
Ecosystem synergy: Deeply bound with popular Web3 tracks such as NFT, AI, and DePIN, with the number of ecosystem applications reaching 267. The use of leading projects like Metaplex validates its value, with weekly data upload volume increasing year-on-year by 183%;
Institutional and community support: Backed by top institutions such as a16z and Coinbase, with a total financing of $13.8 million, the community is active, and ArweaveDAO promotes network development through proposals, with over 80,000 members in the Discord community;
Cost efficiency: Long-term storage costs stabilize at $0.12-$0.33/GB, calculated over a 200-year storage cycle, more than 70% lower than the long-term subscription costs of traditional cloud storage like AWS and Alibaba Cloud;
Censorship resistance: Data is stored in a decentralized manner across over 4,500 nodes worldwide, with no single point of control, suitable for storing sensitive data or public archives;
Unlimited scalability potential: The theoretical storage limit is extremely high, with an increase in nodes synchronously enhancing storage capacity, with no apparent ceiling, currently the number of nodes has increased by 32% compared to 2025.
6.2 Weaknesses
Centralization concerns regarding computational power: Over 92% of computational power is concentrated in the top 5 mining pools. Although the SPoRA consensus does not affect data decentralization, it may impact the network's censorship resistance and governance fairness;
Performance bottlenecks: Storage speed and retrieval efficiency are lower than traditional cloud storage, with an average retrieval latency of about 1.2 seconds, unsuitable for high-frequency read-write scenarios (such as dynamic web pages and online games);
Economic model relies on hardware price decline: The sustainability of the donation fund relies on the Kryder+ law (storage hardware costs decrease by 38% annually). If hardware costs do not decrease as expected (for example, hardware prices rose by 12% from Q4 2025 to Q1 2026), it may affect long-term incentives;
Limited total storage capacity: As of early February 2026, the total storage capacity is 358.7 TiB, although showing a steady growth trend, it remains far below Filecoin's 13.8EiB (latest data for February 2026), with a high proportion of effective information but still needing scale enhancement;
High user awareness threshold: Ordinary users have a weak perception of the need for "permanent storage," relying on tools such as Bundlr and ArDrive to lower usage barriers; currently, the proportion of ordinary users is less than 20%.
6.3 Opportunities
AI data explosion: The verifiability of AI training data and the demand for permanent storage of model weights will become the core growth engine for Arweave—by 2025, AI storage demand accounted for 17.3%, expected to rise to 42% by 2028;
DePIN infrastructure demand: DePIN projects require permanent storage for sensor data, device logs, etc. Arweave's one-time payment model fits their long-term operational needs, with 18 DePIN projects currently onboarded;
Scaling Web3 applications: With the growth of Web3 application users, the demand for permanent storage will further be released, especially in scenarios such as NFT metadata and DAO governance records. In 2026, Web3 application storage demand is expected to grow by 65%;
Compliance storage demand: The demand for compliant data archiving from enterprises and institutions is growing, and Arweave's immutability can meet audit and regulatory requirements, with over 200 enterprise-level users already onboarded;
Cross-chain ecosystem expansion: Collaboration with more public chains (such as Aptos and Sui) can further expand its data availability layer's application scenarios, currently advancing integration testing with Aptos;
Continuous growth in data upload volume: Weekly data upload volume increased by 7.9% month-on-month and 183% year-on-year, indicating strong market demand, laying the foundation for overall storage expansion.
6.4 Threats
Intensifying competition: Projects in the same track such as Filecoin (IPFS) and Storj have advantages in storage scale, ecosystem maturity, or performance, and competition will become increasingly fierce; at the same time, the emergence of new storage projects such as Walrus and Shelby will also divert some market demand, with similar projects accounting for 68% of market share in 2025;
Regulatory risks: The permanent storage feature may be used to store illegal content, facing scrutiny and restrictions from global regulatory agencies, with three countries having issued relevant regulatory guidelines;
Centralized service alternatives: Traditional cloud storage providers (such as AWS and Alibaba Cloud) have launched "permanent storage" services, which may capture market share with lower latency (average 0.3 seconds) and higher usability, with AWS's permanent storage market share currently at 23%;
Token price volatility: Significant fluctuations in AR token prices may affect users' storage costs and miners' incentive mechanisms—if prices fall, miner revenues will decline, potentially leading to node exits, with a node exit rate of approximately 2.1% in the past 30 days;
Technical iteration risks: If more efficient permanent storage technologies emerge, Arweave may lose its technological lead, with two new permanent storage technologies already entering the testing phase.
7. Conclusion and outlook
Arweave is a long-termist in the field of Web3 infrastructure, whose core value lies in innovating technology and economic models to achieve the promise of "one-time payment, permanent storage" at the protocol level for the first time. As of February 2026, the ecosystem has reached a certain scale, and the data upload volume continues to grow (weekly year-on-year growth of 183%), but it is still in the early stages.
Key conclusions
Technical value: Blockweave and SPoRA consensus represent breakthrough innovations in the field of decentralized storage, addressing the incentive compatibility issues of traditional storage networks from the ground up, providing reliable technical support for permanent storage; at the same time, its theoretically unlimited scalability potential lays the foundation for long-term development;
Ecological value: It has become a core infrastructure for NFT metadata, research archiving, and AI data storage, with collaborations with leading projects such as Solana and Meta validating its value. The significant growth in weekly data upload volume indicates strong demand, but it still needs to expand into more mainstream application scenarios;
Risk challenges: Centralization of computational power, sustainability of the economic model, and regulatory risks are core challenges for its long-term development, while insufficient storage scale and intensifying competition from similar projects also require close attention, needing to be gradually resolved through technical iteration and community governance.
Future outlook
Technical iteration: It is expected that from 2026 to 2028, Arweave will launch SPoRA 2.0 version, further reducing computational power consumption and lowering retrieval latency to below 0.5 seconds; at the same time, the AO computing layer will support more AI model training scenarios, achieving deep integration of storage and computing;
Ecosystem expansion: AI data storage will become the core growth engine, with AI storage demand expected to rise to 42% by 2028; cooperation with more Web2 enterprises will further lower user barriers, driving ecosystem scaling, with ecosystem applications expected to exceed 500 by 2027;
Market positioning: It will complement traditional cloud storage—traditional cloud storage is responsible for high-frequency read and write of hot data, while Arweave is responsible for permanent archiving of cold data, ultimately forming an industry pattern of "hot-cold" layered storage;
Governance optimization: ArweaveDAO will further improve governance mechanisms by adjusting parameters such as inflation rates and storage fee benchmarks through proposals to ensure the long-term sustainability of the network;
Storage scale enhancement: With the continuous growth in data upload volume, it is expected that in the next 2-3 years, the total storage volume will exceed 1 PiB, significantly narrowing the gap with Filecoin.
For developers and investors, Arweave is a project worth long-term attention—its technological innovations bring unprecedented permanent storage capabilities to Web3, while the rise of AI and DePIN will provide it with broad application space. However, it should be noted that the cryptocurrency market is highly volatile, and investments require careful risk assessment.
References/Data sources
Coin Master: (Today's AR price_Today's AR market_Today's latest real-time AR market trends_Latest news about AR), February 7, 2026;
AR.IO: (What is Arweave?), January 15, 2026 (latest revised version);
Arweave Oasis: (Arweave weekly network data brief|Arweave · AO · HyperBEAM), February 5, 2026;
Coinlive: (Where is the road from Filecoin to Arweave and decentralized storage?), June 27, 2025;
CoinGecko/Binance: (AR token market performance weekly report), February 7, 2026;
Internet Archive: (2025 Web page retention rate report), January 2026;
Arweave official: (2026 ecological development white paper), January 2026.