Irys
IRYS Rank #675Price chart
What is Irys?
Storage proofs and computation
IrysVM extends Ethereum-compatible execution with data-access functions. Contracts can read selected ranges of stored bytes. This supports applications involving licensing, royalties and verifiable datasets. The consensus design combines storage-related proof of work with bonded stake. Miners demonstrate continuing access to stored chunks. Address-specific encoding helps require distinct replicas. A verifiable delay function regulates the sampling process. Short-term and permanent storage use separate ledgers.
Fees, issuance and the storage endowment
IRYS pays for data and execution transactions. Miners bond tokens and can face slashing. The whitepaper starts emissions near 2% annually. That rate halves every four years until a 0.25% terminal rate. Half of execution fees are burned. Permanent-storage payments also fund an endowment. Tokens held there support future storage compensation. Endowment locking and execution-fee burning are separate mechanisms. The design does not mean every payment permanently destroys its tokens.
Where to trade IRYS
26 exchanges · top 10
Live spot quotes from connected exchanges
IRYS funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.