Rank #1482
vara Vara Network
$ 0.004074
0.073473 BTC
3 satoshies
Date ATL: 19 August, 2025
(4 days ago)
Market Cap
16,39 MLN. $
24 Hour Trading Vol
161,856.6487 $
Circulating Supply
4,02 BN.
Total Supply
10,00 BN.
Max Supply
-
Fully Diluted Valuation
40,28 MLN. $
Low
Range
High
Info
1h
24h
7d
1m
1y
max
-
-
-
-
-
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Vara Network Price Statistics
0.004074 $
0.003972 $ / 0.004252 $
161,856.6487 $
#1482
16,39 MLN. $
0.27 $
-98.49%
21 September, 2023, (2 years ago)
0.003918 $
3.96%
19 August, 2025, (4 days ago)
Vara Network Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
Vara Network Performance
Trading Pair
day
week
month
vara
/
usd
-1.11%
-8.47%
-11.1%
vara
/
btc
-1.11%
-8.47%
-11.1%
vara
/
eth
-1.11%
-8.47%
-11.1%
About Coin
What is the project about?
Vara Network is a substrate-based future proof smart contract platform that is fast, scalable, and makes it simple to create and deploy next-generation Web3.0 dApps
Vara is the first standalone network in the Gear Protocol
Gear is a next-gen cloud infrastructure platform providing most intuitive and frictionless environment for web2 and web3 developers to build complex infrastructure solutions and disruptive dApps for any ecosystem
What makes your project unique?
Vara is built upon three core concepts:
The actor model, and persistent memory — two widely adopted primitives from massive computation and microservices architecture spaces
Wasm — a WebAssembly-based virtual machine that runs on all modern browsers. Proven to be faster than any alternative web2 virtual machines
Vara was created to serve as a wasm-native hub for innovative protocols that leverage parallel execution and asynchronous programming to deliver leading decentralized products in any segment
History of your project.
Gear Protocol and the Vara Network were originally created by Nikolay Volf, one of the core developers of Polkadot. In 2021, he embarked on building an advanced layer 1 smart contract platform using Substrate, Polkadot's custom framework. His vision included creating a platform that enables fast and efficient execution of robust, feature-rich dApps while in a seamless development environment similar to that of Web 2.0 development. He did this by harnessing the power of innovative technologies like Wasm, the Actor Model, and Persistent Memory. These technologies significantly enhance smart contract development and provide a seamless end-user experience and provide the foundation for the development of Vara Network.
1. Q2 2021 - Pre-Seed Round: In the second quarter of 2021, the Protocol secured its initial funding through a pre-seed round. This likely involved seeking investment from early-stage investors or venture capitalists to kickstart the development of the project.
2. Q4 2021 - Seed Round: In December 2021 raised $12 Million in Venture Round. Private investment round led by Blockchange Venture. In addition to Blockchange, other top venture capital funds participated in this round, including Three Arrows Capital, Lemniscap, Distributed Global, LAO, Mechanism Capital, Bitscale, Spartan Group LLC, HashKey, DI Ventures, Elysium Venture Capital, Signum Capital and P2P Economy lead by Konstantin Lomashuk, along with a number of top executives of Web3 Foundation and Parity Technologies. Dr. Gavin Wood, Founder and ex-CEO of Parity Technologies and one of the key individual investors participating in this round.
3. 2022 - Intensive Scaling and Development, First Test Integrations: Throughout the year 2022, Vara was focused on two primary activities. First, the engagement in an extensive outreach process to build up the team. Second, the project advanced its technical development efforts and started working on integrating their technology with various test environments to ensure its functionality and viability.
4. Q4 2022 - Testnet Launch.
5. Q1 2023 - PoA Launch: In the first quarter of 2023, Vara achieved launch of its Proof of Authority (PoA) consensus network, which is a chain candidate for mainnet.
Current Status of Vara:
Presently, the project boasts a talented and diverse decentralized workforce, consisting of dozens of engineers and other community members to drive the project's success.
One of the remarkable aspects of Vara is its substantial pipeline of initiatives with over 40 projects.
What’s next for your project?
Current projects being researched and developed by the community:
- Intensive testing and improvement of the actor model features in the blockchain space
- Launch of the key stack of dApps in our parallel and asynchronous environment
- Development of innovative infrastructure solutions (e.g offchain zk actors including machine learning) independently and together with the segment leaders
What can your token be used for?
VARA tokens maintain core utility features required for the network to operate:
transaction fees
staking and network security
governance
other:
gas pools for gas reservation
Contributors to the Gear protocol are exploring the mechanics of how to distribute a portion of block rewards directly toward dApp developers
Where is Vara Network available for purchase?
You can exchange VARA tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Vara Network is Coinbase Exchange, notably the VARA/USD pair, which saw a trading volume of $ 224,140 in the past day. Additionally, MEXC and Gate are popular alternatives for trading tokens.
What is the highest value Vara Network (VARA) has ever reached?
Vara Network (VARA) reached its peak price at 0.27 $ on 21 September 2023, approximately 2 years ago ago. Presently, the current price is -98.49% lower than this all-time high.
What is the historical minimum price for Vara Network (VARA)?
The minimum price reached for Vara Network (VARA) was 0.003918 $, documented on 19 August 2025, more than 4 days ago. In comparison, the current price is 4%, it above this historical low.
What is the fully diluted valuation of Vara Network (VARA)?
The fully diluted valuation (FDV) of Vara Network (VARA) stands at $ 40,28 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of VARA tokens. The realization of this FDV might take several years depending on the emission schedule of VARA tokens.
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