Irys (IRYS) Price

Irys (IRYS) Price Today

The live price of Irys is -- USD. In the past 24 hours, the trading volume of Irys was 0 USD, down by 0%. The current price has decreased by 0% from its 7-day high of -- USD, and increased by --% from its 7-day low of - USD. With a circulating supply of 10,000,000,000.00 Irys, the market cap of Irys is currently -- USD, down by 0% in the last 24 hours. Irys currently ranks #- by market capitalization among cryptocurrencies.

Irys (IRYS) Market Data

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About Irys (IRYS)

How can I buy Irys (IRYS)?

You can buy Irys (IRYS) on supported CEXs, DEXs, or crypto wallets, although it is not yet listed on BingX. See our How to Buy Irys guide for details. Sign up with BingX to trade IRYS first when it goes live.

What Is Irys (IRYS) and How Does It Work?

Irys (IRYS) is a next-generation Layer-1 datachain designed to make blockchain data programmable, verifiable, and universally accessible. Instead of treating data as static files, Irys turns it into active, on-chain assets that applications can read, reference, trigger, or compute with. This enables a new class of Web3 apps, such as AI systems, decentralized social platforms, prediction engines, and storage-heavy dApps, to work with data more efficiently than traditional blockchains.

At the core of Irys is its programmable data layer, where developers can attach instructions or logic directly to stored data objects. This is powered by IrysVM, a high-performance, EVM-compatible virtual machine that brings smart-contract execution and data storage under a single network. Because data and contracts live natively on the same chain, applications avoid the bottlenecks and fragmentation seen in systems where storage is off-chain or bridged through external protocols.

Irys uses a multi-layer architecture designed for scalability, low-cost storage, and verifiable data permanence. The network supports both temporary and permanent data storage, allowing creators and builders to choose cost models based on their needs. By unifying compute, data, and verification within one chain, Irys provides a foundation for AI-driven applications, rich-media ecosystems, and decentralized data markets, unlocking use cases not possible on standard blockchains.

When Did Irys Launch?

Founded by Josh Benaron in 2023 and headquartered in the UK, Irys is the brainchild of a former co-founder of Bundlr Network who previously helped scale Arweave-data activity. The project publicly announced its testnet launch on January 28, 2025, touting a “programmable datachain” built for AI and large-scale data workloads.

Irys Roadmap

• Jan 28 2025: Testnet launch of Irys datachain, programmable data + EVM layer

• 2025 (H1): Community engagements / testnet funding rounds of over $10 million

• Nov 2025: Airdrop registration open, tokenomics announced

• Near-term: Mainnet launch + token generation event (TGE) pending.

What Is the IRYS Token Utility?

The IRYS token powers the Irys datachain by serving as the core asset for data storage fees, computation costs, and programmable data interactions. Developers use IRYS to upload, update, and execute logic on stored data objects, while applications rely on IRYS to trigger smart-contract functions within the IrysVM. The token also secures the network through validator incentives, supports long-term data permanence payments, and enables governance participation as the ecosystem evolves.

You can trade IRYS tokens on the BingX Spot Market by depositing USDT into your account and swapping it directly on the IRYS/USDT trading pair. Once purchased, you can store IRYS on BingX or withdraw it to any compatible Web3 wallet for self-custody.

What Is Irys Tokenomics?

Irys (IRYS) has a fixed initial supply of 10,000,000,000 IRYS, with 2,000,000,000 IRYS (20%) entering circulation at the Token Generation Event (TGE). The remaining supply follows a long-term, structured unlock schedule designed to support sustainable network growth, validator incentives, ecosystem liquidity, and decentralized governance. All core team and investor allocations include strict vesting of 1-year cliff followed by 3-year linear monthly vesting to ensure long-term alignment and prevent early supply shocks.

IRYS Token Allocation Breakdown

• Ecosystem – 30%: Reserved for developer grants, cross-chain initiatives, storage innovations, dApp incentives, and ecosystem partnerships. Held in a secure multisig with top custodians.

• Investors – 25.3%: Allocated to early backers who funded Irys’ development. Subject to a 1-year cliff + 3-year linear vesting. No early unlocks or staking rewards before vesting.

• Core Team & Advisors – 18.8%: Distributed to contributors building the Irys Layer-1 datachain. Fully locked for 1 year, then released monthly over 3 years. No pre-cliff unlocks or early staking rewards.

• Foundation – 9.9%: Funds protocol development, risk assessments, audits, ecosystem expansion, and builder support initiatives.

• Airdrop and Future Incentives – 8%: Rewards early contributors and testnet users; includes reserves for long-term community incentive programs to attract aligned builders and users.

• Liquidity, Market Stability and Launch Partnerships – 8%: Used to support market makers, CEX/DEX liquidity, launch integration partners, and stable trading conditions from day one.

How to Claim Irys Airdrop

The Irys airdrop is a reward program designed to recognize early supporters who contributed to the growth of the Irys datachain before its Token Generation Event (TGE). Eligible participants include testnet users, builders, Irys Arcade players, community contributors, and users who interacted with key ecosystem tools during the pre-mainnet phase.

Snapshot and eligibility checks began in late 2025, with the claim window expected to open shortly after the TGE. Participants must connect a verified wallet and complete on-chain validation steps to receive their IRYS allocation.

How to Claim $IRYS Tokens

• Visit the official airdrop portal announced on the Irys website or social channels.

• Connect the wallet you used during testnet participation or eligible activities.

• Complete the eligibility check to verify your contribution tier and allocated amount.

• Sign the required on-chain message to confirm ownership and prevent fraud.

• Submit the claim transaction to receive your IRYS tokens directly into your wallet.

• Optional: Stake IRYS or transfer it to BingX Spot once trading becomes available.

How Does Irys Differ From Other Decentralized Storage Blockchains?

Unlike traditional decentralized storage networks such as Arweave, Filecoin, or Storj, which primarily store data as passive files, Irys introduces the concept of programmable data, where information stored on-chain can include embedded logic, triggers, permissions, and smart-contract interactions. This unifies storage and compute at the protocol level, allowing applications to execute instructions directly on the data itself without relying on external layers, bridges, or off-chain indexing systems. The result is a more dynamic, computation-ready data layer built for AI agents, social applications, and rich Web3 environments.

Irys also differs through its USD-pegged storage pricing model, ensuring predictable costs that track real-world hardware prices rather than crypto volatility. Its architecture combines EVM compatibility, a multi-layer data engine, and an endowment-backed permanence guarantee, features not found together in other storage chains. This allows Irys to support temporary and permanent storage, high-throughput smart contracts, and long-term data guarantees within a single Layer-1 datachain, delivering flexibility and scalability that legacy storage protocols cannot match.

What Blockchain Network Does Irys Operate on?

Irys operates on its own Layer-1 datachain, a purpose-built blockchain designed specifically for programmable data, on-chain storage, and high-performance smart-contract execution. Unlike storage protocols that rely on external blockchains for settlement, Irys integrates compute, data availability, and verification directly into a unified L1 architecture. Its EVM-compatible IrysVM allows developers to deploy standard smart contracts while leveraging Irys’ unique data engine, enabling scalable, low-cost storage and execution within a single native network.

Which Wallets Support IRYS Tokens?

You can store IRYS tokens directly on BingX, which offers a secure, custodial wallet designed for traders who want instant access to the IRYS/USDT spot pair. Keeping IRYS on BingX also lets you manage your portfolio, withdraw instantly, or move tokens to external wallets when needed. For most users, this is the fastest and simplest way to hold IRYS once it becomes tradable.

If you prefer self-custody, IRYS can be stored on any EVM-compatible Web3 wallet, since the Irys datachain uses an Ethereum-style account model through its IrysVM. Wallets such as MetaMask, Rabby Wallet, and Trust Wallet can interact with the network once the official RPC endpoints are added. After the TGE and mainnet launch, users will also be able to connect these wallets to the Irys explorer, manage IRYS balances, stake tokens, and interact with dApps built on the datachain.

Is Irys (IRYS) a Good Investment?

Irys (IRYS) appeals to investors because it targets one of the fastest-growing sectors in Web3: on-chain data, AI computation, and decentralized storage. Its programmable datachain gives it a unique advantage over traditional storage networks by combining data, compute, and execution within a single Layer-1 architecture, unlocking use cases that other chains cannot support.

With a fixed 10 billion supply, predictable USD-pegged storage pricing, strict vesting schedules, and strong incentives for developers and validators, IRYS is positioned for long-term ecosystem growth. As more AI, gaming, social, and data-driven applications adopt Irys’ high-performance storage engine, demand for IRYS is expected to strengthen through network fees, staking, and data permanence commitments.

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Disclaimer:

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