Price change (24h):
3.63%
High (24h):
$0.00054911
Low (24h):
$0.00051997
Volume (24h):
$28.72K
Market Cap:
$2.98M
All Time High:
99.81% $0.27
Sep 21, 2023
All Time Low:
4% $0.00
Jun 5, 2026
91.24 %(1Y)
$0.00051999
Price change (24h):
3.63%
High (24h):
$0.00054911
Low (24h):
$0.00051997
Volume (24h):
$28.72K
Market Cap:
$2.98M
All Time High:
99.81% $0.27
Sep 21, 2023
All Time Low:
4% $0.00
Jun 5, 2026
Vara Network (VARA) is a Layer 1 smart contract platform cryptocurrency. The asset anchors a standalone blockchain forged with Substrate and tuned for parallel transaction execution.
The network functions as a WebAssembly-native hub for decentralized applications, utilizing the actor model and persistent memory to enable parallel execution and asynchronous programming. Traditional sequential execution models, common in earlier virtual machines, fail to harness modern multi-core processors. Vara’s runtime sidesteps this bottleneck, offering developers a familiar environment akin to Web2 infrastructure while processing multiple messages concurrently. This architecture is purpose-built for complex, high-throughput dApps that require deterministic concurrency.
Vara Network operates on its own blockchain using proof-of-authority consensus. This approach selects known validators to produce blocks, ensuring rapid finality and low latency.
Compiled smart contracts execute as WebAssembly bytecode within a Wasm virtual machine that outperforms earlier EVM designs. The actor model encapsulates state within isolated units, while persistent memory obviates repeated storage fetches, dramatically reducing execution overhead. A gas reservation mechanism further allows developers to prefund transactions, smoothing user onboarding.
Nikolay Volf, a former core Polkadot developer, initiated the Gear Protocol and Vara Network in 2021. A pre-seed round that year preceded a $12 million seed raise led by Blockchange Venture with participation from Three Arrows Capital, Lemniscap, and Dr. Gavin Wood. Intensive team scaling and technology development occupied 2022, culminating in a testnet deployment by year-end. The proof-of-authority mainnet candidate went live in early 2023.
Vara Network’s mission is to re-architect smart contract execution around parallelism and WebAssembly, moving beyond single-threaded bottlenecks. The network envisions a future where decentralized applications leverage asynchronous actors to achieve performance parity with centralized cloud services. It intends to serve as a proving ground for complex onchain logic, including zero-knowledge verifiers and offchain computation orchestrators.
VARA tokens underpin network operations by paying transaction fees and compensating validators via staking rewards. Holders participate in governance referenda, voting on protocol upgrades and parameter adjustments. A distinctive utility is the gas reservation system, where developers lock tokens into pools that automatically cover execution costs for designated contracts. Tentative research explores diverting a fraction of block rewards directly to application creators, aligning incentives.
Validators stake VARA to secure the proof-of-authority network, earning emission rewards as block producers. Developers deposit tokens into gas pools to subsidize user interactions, removing a common adoption barrier. Onchain governance requires token holders to lock assets and signal preferences on network evolution.
Vara Network has a total supply of 10,000,000,000 tokens. Currently, 5,633,618,500 are in circulation. With a market capitalization of $3,943,728, Vara Network ranks #1,799 among all cryptocurrencies.
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| 13/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 12/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 11/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 10/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 09/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 08/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 07/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
| 06/06/2026 | $0.00 | $0.00 | $0.00 | $0.00 |
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