Irys 

IRYS Price

What is the Irys Layer-1 blockchain?

Irys is a Layer-1 blockchain built as a data provenance layer: the network combines onchain storage, execution and verification so data can be stored with flexible durations and attributed to its origin. Irys grew out of Bundlr Network, an Arweave storage-scaling project that rebranded and rebuilt as an independent L1. The design targets developers who need verifiable permanent data, including AI datasets and provenance records. Per DropsTab data, the token generation event (TGE) took place on November 25, 2025, with Binance as an ICO platform.

How is the IRYS token used?

IRYS pays for onchain data storage on the Irys network and secures the Layer-1 through its consensus model, which coverage describes as a PoW/PoS hybrid with an EVM-compatible execution environment. Staking products for IRYS are offered on some venues where the coin is listed. Emission is not open-ended: the fixed supply cap means new sell-side supply reaches the market only through scheduled vesting unlocks, not block-reward issuance.

What is IRYS's maximum supply and tokenomics?

IRYS has a hard maximum supply of 10,000,000,000 tokens with no ongoing issuance. Per DropsTab data, the allocation splits into Ecosystem 30% (3.0B), Investors 25.3% (2.53B), Core team & advisors 18.8% (1.88B), Foundation 9.9% (990M), Liquidity & Launch Partnerships 8% (800M) and Airdrop & Future Incentives 8% (800M). Insider exposure is material: investors plus team and advisors together control 44.1% of total supply, concentrated behind 12- and 15-month cliffs.

Why does Irys's vesting and unlock schedule matter for investors?

Per DropsTab data, the token generation event on November 25, 2025 released roughly 20% of total supply. The key sell-pressure date is November 25, 2026: Core team & advisors unlock 470M IRYS (4.7% of supply) and Investors unlock 632.5M IRYS (6.325%) the same day, about 11% of total supply entering circulation at once. From February 25, 2027, monthly tranches continue for both groups. DropsTab's schedule lists 126 scheduled unlock events in total.

Who are Irys's investors and how much did it raise?

DropsTab fundraising data shows Irys raised $18.9M across three rounds. The May 2022 Seed Round of $5.2M, announced as Bundlr Network, was led by Hypersphere Ventures, Framework Ventures and Arweave. Lemniscap led a $3.7M strategic round in June 2024. CoinFund led a $10M strategic round on August 21, 2025, with Breed, WAGMI Ventures, echo, Tykhe Ventures and Varrock participating. Hypersphere Ventures took part in all three rounds between 2022 and 2025.

What does Irys's fundraising signal about project maturity?

Three rounds spanning 2022 to 2025 signal sustained institutional backing rather than a single pre-launch raise. The 2022 seed included Arweave itself, tying the project to the permanent-storage ecosystem it descended from. Later rounds added infrastructure-focused funds Lemniscap and CoinFund as leads. The offsetting consideration: investors as a class hold 25.3% of supply, an allocation subject to the November 2026 cliff unlock.

Is IRYS a coin or a token?

IRYS is a coin: it is the native asset of the Irys Layer-1 blockchain, not a token deployed on another protocol. DropsTab also tracks a BSC (BEP20) contract that functions as a wrapped or bridged representation of the asset. The distinction matters for traders: the native coin settles on the Irys L1, while the BSC contract is a bridge wrapper. Which form a venue delivers depends on the market, so the listing type is worth checking before transfer.

How is IRYS traded across spot, futures and fiat markets?

IRYS trades primarily on centralized venues, with no DEX markets tracked on DropsTab. Spot pairs run on Upbit (IRYS/KRW, IRYS/BTC, IRYS/USDT), OKX (USDT, USDC, TRY and EUR pairs), KuCoin, Bitget, Gate, MEXC and Bitvavo, among others. Fiat on-ramps exist in KRW, EUR and TRY. Binance runs IRYS perpetual futures but no Binance spot pair, because Binance's launch role was ICO platform and Alpha airdrop. Perpetuals also trade on OKX, Bybit, KuCoin Futures and Gate.io. Tier-1 venue coverage keeps liquidity risk low.

What did the Irys airdrop and quest campaigns involve?

Irys's campaign activity centered on its 2025 testnet phase. A Galxe-hosted testnet quest campaign launched on May 28, 2025, rewarding quests and leaderboard positions with merch and ecosystem recognition. An IRYS × OKX quest campaign ran July 3-17, 2025, granting OKX Wallet participants spots on the IrysGenesis NFT whitelist. At TGE, 8% of supply (800M IRYS) went to Airdrop & Future Incentives, and Binance ran an Alpha airdrop around the November 25, 2025 listing. That claim window closed on December 25, 2025.

How does Irys compare to Arweave?

Irys descends directly from Bundlr Network, a storage-scaling project built on Arweave that rebranded and rebuilt as an independent Layer-1. Arweave participated in Irys's 2022 seed round as a lead backer. The architectural difference: Arweave focuses on permanent data storage, while Irys combines storage, execution and verification in a single EVM-compatible chain, adding flexible data durations and origin attribution.