Miners process transactions, store information, and receive fees from users (supply-side fees).

Arweave is a smart contract platform and a data storage network (a blockchain). Arweave was founded by Sam Williams & William Jones and launched in 2017.

AR holders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue). Arweave’s investors include a16z, Coinbase Ventures, USV, etc.

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Arweave

# Arweave Maximum token supply Methodology

## 1. Overview

The Arweave maximum token supply metric represents the theoretical maximum number of AR tokens that can ever exist in the Arweave network. This is a protocol-defined constant that was established at the network's launch and remains fixed at 66 million AR tokens. Unlike circulating supply metrics that change over time based on blockchain activity, the maximum supply is a static value that provides the upper bound for total token issuance.

## 2. Data sources

This metric is derived from:
- **Protocol specification**: Arweave's official tokenomics documentation and whitepaper that established the maximum token supply
- **Network parameters**: Static protocol constants defined at the network's inception on June 3, 2018
- **Token Terminal configuration**: Internal metadata specifying the metric formatting and time series requirements

No blockchain transaction data, events, or external price feeds are required for this calculation since it represents a fixed protocol parameter.

## 3. Step-by-step calculation

### Component A: Protocol constant definition
- **Purpose**: Establishes the fundamental token supply parameters for the Arweave network
- **Logic**: The maximum token supply is set to exactly 66,000,000 AR tokens, which was defined in Arweave's original protocol specification. The network launch date is recorded as June 3, 2018 at midnight UTC, marking when the network became operational and when token supply calculations begin
- **Key fields**: The `token_supply_maximum` field contains the fixed value of 66,000,000, `timestamp` marks the network launch date, and `timestamp_grain` specifies daily granularity for the time series

### Final aggregation
- **Combining components**: No combination is required since this is a single static value
- **Currency conversion**: No currency conversion is needed as this represents token quantities, not monetary values
- **Time aggregation**: The metric uses a fill-forward strategy, meaning the maximum supply value of 66,000,000 AR tokens remains constant for all dates from the network launch date onward
- **Final calculation**: The final metric value is simply the protocol-defined maximum of 66,000,000 AR tokens, presented as a time series that maintains this constant value across all historical and future dates from June 3, 2018 forward

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

ArweaveAR

Maximum token supply

Maximum token supply

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