Irys is a Layer 1 datachain that merges onchain data storage with smart contract execution in a single network to make data scalable and programmable. Traditional smart contract chains handle financial transactions yet struggle with large scale data workflows. Storage focused networks, in contrast, lack integration with smart contracts. Irys solves this by providing both and enabling native data programmability through IrysVM. The network offers duration based temporary storage and one time payment permanent storage at near cost pricing. Its multi revenue model, which combines storage fees, execution fees, and programmable data transactions, supports economic sustainability. The system also targets instant data retrieval and infinite horizontal scalability as validators expand capacity while proving consistent maintenance of their assigned data partitions.
In the last 24 hours, IRYS has shown an increase of %85.41, marking it as one of the notable movers of the day.
A major trading platform in South Korea announcing a new IRYS listing may have contributed to upward price momentum.
