Vara Network
VARA
$0.00
-1.61% (24h)
Price chart loads with the app
Market Cap
$1.49T
Volume 24h
$37.27B
Supply
Total
20.04M
Max
21M
Circulating
20.04M
About Vara Network

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

CFR Analysis
CFR Score
16
Pillars
Platform
Longevity
Hashing
Scale
Activity
Traits
Trust
50/100
Tokenomics
4/100
Security
0/100
Ecosystem
50/100
Hype
6/100
Bulls say
  • Vara Network is trading at more than 90 % below its historical all-time high, this token offers deep value if fundamentals improve.
  • Vara Network maintains an open-source code repository, enabling transparent audits and inviting continuous community contributions.
  • Vara Network provides a public whitepaper—often a strong indicator of transparency, planning, and seriousness of purpose.
Bears say
  • With no hard cap on total Vara Network supply, long-term inflation could erode purchasing power and valuation multiples.
  • Vara Network lacks a fixed max supply, which could raise concerns about long-term inflation and monetary unpredictability.
  • Tokenomics for Vara Network are skewed toward insiders and short-term unlocks, raising concerns about dilution and volatility.
  • Circulating supply data for Vara Network is either incomplete or not contributing meaningfully to scoring, limiting confidence in valuation clarity.
News

No recent news articles for this asset.

Social Media
Fear and Greed
Altcoin Index
Market Heatmap

Price in cryptocurrency refers to the current market value of a coin or token, such as how much one Bitcoin (BTC) or one Ethereum (ETH) is worth in dollars (or another fiat currency) at any given moment. Unlike traditional currencies backed by governments, crypto prices are determined purely by supply and demand on open exchanges, driven by investor sentiment, adoption news, technological developments, economic conditions, and speculation.

For new investors, understanding price is crucial because it directly reflects the asset's perceived value and potential for profit or loss. Crypto markets are highly volatile, meaning prices can swing dramatically (sometimes 10% or more in a single day), offering opportunities for gains but also significant risks of losses. Monitoring price helps you assess entry/exit points, compare assets (often via related metrics like market cap), and avoid emotional decisions during hype or fear. Always remember: price doesn't guarantee future performance. It's a snapshot of collective market belief, so focus on fundamentals alongside it rather than chasing short-term spikes.

Market cap, 24h volume, and supply figures on this report describe size, liquidity, and how many tokens exist. Use them together with price and CFR Analysis, not alone.

Market cap is the total value of all units currently in circulation. It is calculated by multiplying this asset's price by its circulating supply and can be used to gauge perceived value, popularity, and overall market position.

24h volume is a measure of trading volume across tracked platforms in the last 24 hours, on a rolling basis with no fixed open or close.

Circulating supply is the amount of coins circulating in the market and tradeable by the public, comparable to shares readily available in the market (not held and locked by insiders or governments).

Total supply is the amount of coins already created, minus any burned (removed from circulation), comparable to outstanding shares. Total supply equals on-chain supply minus burned tokens.

Max supply is the maximum number of coins coded to exist in the lifetime of the asset, comparable to maximum issuable shares. Max supply is the theoretical maximum as coded.

Cross-reference these metrics with each other and with price. They describe context, not investment advice.

Social accounts (primarily official profiles on platforms like X/Twitter, Telegram, Discord, Reddit, and sometimes others) for a cryptocurrency project serve as the main direct communication channels between the team, developers, and the community of holders, users, and potential investors.

These accounts are important because they provide real-time updates on project developments, such as partnerships, technical upgrades, roadmap milestones, audits, token unlocks, or market announcements, that aren't always immediately reflected in price charts or on-chain data. Following them helps new investors stay informed about what's actually happening inside the project, beyond hype or speculation, allowing better assessment of progress, transparency, and long-term viability.

A strong, active, and engaged social presence often signals legitimacy and community health: genuine projects build trust through consistent interaction, AMAs (Ask Me Anything sessions), developer responses, and organic growth. High engagement can indicate real interest and adoption potential, while weak or inactive channels might raise red flags about abandonment or poor management.

Crucially, verifying official social accounts is a key part of due diligence to avoid scams: fake accounts, impersonators, or phishing links frequently appear on social media promising giveaways, airdrops, or "double your crypto" schemes that steal funds or private keys. Always cross-check links from the project's website or trusted sources (like CryptoFaxReport.com) rather than clicking random mentions.

For beginners, monitoring these channels educates you on crypto culture, sentiment, and narratives that can influence price movements in this sentiment-driven market. It empowers informed decisions, reduces FOMO-driven mistakes, and helps spot genuine opportunities versus risky hype, ultimately protecting your investment and building smarter, more confident participation in the space.

This section complements your analysis by providing supplementary documents, whitepapers, or research reports. These resources offer deeper insights into the underlying technology, project roadmap, or market dynamics, empowering you to make more informed investment decisions.

Official docs and websites are the most authoritative sources straight from the project team. The whitepaper explains the problem, solution, tokenomics, and roadmap; the website hosts verified links, team info, and audits. Legitimate projects keep transparent, professional sites; copied whitepapers, broken links, or anonymous teams are red flags.

Always verify URLs from this report or the project's own site and bookmark the official domain. Do not follow doc links from random DMs, search ads, or unofficial copies. Links here are a starting point for learning, not investment advice.

In Bitcoin, the mempool is where unconfirmed transactions wait before being added to the blockchain. A block explorer lets you view Bitcoin blocks, transactions, and addresses, both past and present. A mempool explorer shows pending transactions and how they may be included in upcoming blocks, with unconfirmed transactions on one side and confirmed blocks on the other.

On Ethereum, Solana, BNB Chain, and other networks, tools like Etherscan, Solscan, and BscScan work the same way: public views of balances, transactions, and contracts on that chain.

Use explorer links from this report or the official project site to verify transactions and wallet activity. Explorers are read-only. Never enter your seed phrase, private key, or recovery words on any explorer or site that asks for them. Phishing sites mimic real explorers; bookmark the correct URL.

The CFR Analysis on CryptoFaxReport uses machine learning to analyze data from multiple sources, offering valuable insights for informed cryptocurrency trading decisions. CFR Score, Pillars, and Traits together help you understand this asset's strengths and risks and how it fits broader market trends. However, it's important to use the CFR Score as an additional tool, not the sole basis for investment decisions. Combine it with price, supply, news, and your own research.

News about this asset can move price, signal risk, or highlight adoption and regulation, often before it shows up in charts. For crypto investors, keeping an eye on headlines here helps you understand why the market is reacting, spot early warnings (e.g. security issues, regulatory changes), and make decisions based on context instead of surprise. This section surfaces the latest coverage so you can stay informed on what matters for this specific coin or token.

This list highlights creators who are getting the most engagement around this asset on major social platforms, ranked by recent interactions, not by whether their takes are correct.

For someone new to crypto, that matters because narratives and personalities often move attention (and sometimes price) faster than fundamentals. Seeing who is loud helps you notice hype cycles, coordinated campaigns, or sudden spikes in interest that might not show up in a price chart alone. It is not a recommendation to follow or trust anyone here: high reach can mean education, entertainment, or promotion. Treat names as context, then verify claims against official sources, on-chain data, and your own research. Popularity is not proof of accuracy.

These are recent public posts that mention this asset's topic. Think of it as a live pulse of what people are saying, arguing about, or sharing right now.

If you are new to crypto, that is useful because markets are partly driven by sentiment, memes, and breaking news on social channels. Scanning this feed helps you spot themes (bullish hype, fear, regulatory chatter, technical debates) and understand the mood around the coin, not to copy trades from strangers. Posts are not fact-checked here; anyone can be wrong, exaggerate, or have a financial incentive. Use this section to stay aware of the conversation, then cross-check anything important with trusted news, project docs, and data before you act.

The Fear and Greed Index is a popular sentiment indicator that measures the overall emotional state of the cryptocurrency market (primarily Bitcoin-driven) on a scale from 0 to 100. A score near 0 signals Extreme Fear (investors are panicking, selling off assets, often during sharp downturns), while a score near 100 indicates Extreme Greed (euphoric buying, FOMO, and over-optimism during bull runs). It aggregates multiple data points like volatility, market momentum/volume, social media sentiment, Bitcoin dominance, Google Trends searches, and surveys to produce a single, easy-to-read number updated daily.

For beginners, it serves as a contrarian tool to counter emotional biases, helping you avoid panic-selling at lows or chasing hype at highs. It promotes disciplined, long-term thinking in a volatile space where sentiment swings amplify price moves. While not a perfect predictor (it can stay extreme for extended periods), combining it with other metrics (price, volume, on-chain data) gives a fuller picture of market health and potential turning points. Track it on trusted sites like CryptoFaxReport, but always pair sentiment analysis with your own research. It's a gauge of crowd behavior, not investment advice.

Historical values, along with range highs and lows, offer valuable context that turns the daily snapshot into a powerful long-term tool for understanding market cycles and sentiment patterns in crypto.

While the current index reading tells you today's emotional temperature (e.g., Extreme Fear at <25 or Extreme Greed at >75), historical data reveals how sentiment has behaved during past bull runs, bear markets, crashes, and recoveries. For example, extreme fear levels (often dipping to single digits like 6-12) have historically coincided with major market bottoms, such as during the March 2020 COVID crash or the 2022 FTX collapse, where panic selling created undervalued buying opportunities that preceded strong rebounds. Conversely, prolonged periods in extreme greed (80-95+) frequently marked euphoric tops, like near Bitcoin's 2021 all-time high, often followed by sharp corrections as over-optimism faded.

Knowing the all-time highs (e.g., around 95 in some past peaks) and lows (as low as 6-10 in severe downturns) helps calibrate expectations: crypto sentiment can stay extreme for weeks or months, so a single low reading isn't an instant "buy" signal, but repeated or sustained extremes in fear often signal capitulation and potential reversal points. Historical ranges educate beginners on the cyclical nature of crypto, driven by emotion more than in traditional markets, showing that fear tends to bottom out before prices recover, and greed inflates bubbles before bursts.

For new investors, studying this history promotes contrarian discipline: it counters the urge to panic-sell during fear (when assets may be cheapest) or FOMO-buy during greed (when they're most expensive). By overlaying historical index trends with price charts, you learn to spot recurring patterns, avoid emotional traps, and make more patient, evidence-based decisions, ultimately improving risk management and timing in this highly sentiment-fueled space. Always view it as one piece of the puzzle alongside fundamentals, on-chain data, and your own research.

The Altcoin Season chart offers a comprehensive analysis of market trends, specifically highlighting when alternative cryptocurrencies (altcoins) outperform Bitcoin. By tracking the performance ratio of altcoins to Bitcoin, the chart indicates if the market is in, near, or far from an Altcoin Season. This information is crucial for investors to make informed decisions on diversifying their portfolios, capitalizing on potential gains from altcoins, and understanding the broader market dynamics beyond Bitcoin's influence.

On CryptoFaxReport the index is scored 0–100: below 25 is Bitcoin Season, 25–75 is mixed, and above 75 is Altcoin Season. Use it for context, not as investment advice.

Historical values and range high/low show how the Altcoin Season Index has moved over the selected period. Comparing yesterday, last week, and last month with the range extremes helps you see whether the market is near a seasonal extreme (e.g. strong Bitcoin or Altcoin season) or shifting between regimes.

Heatmaps are crucial tools for traders because they provide a quick and intuitive way to analyze market trends and make informed decisions. By visually displaying changes in prices or volumes, traders can identify patterns, spot opportunities, and assess the overall health of the market more efficiently. Heatmaps help traders to quickly grasp the relative strength or weakness of different assets within a specific timeframe, facilitating rapid decision-making in fast-moving markets.

On this screen each tile is sized by market cap and colored by 24-hour price change (red down, grey flat, green up). Use alongside other metrics; does not predict future performance.