The Arweave coin is the native currency of Arweave's decentralized data storage platform. The network is designed to connect developers with web hosting resources. The Arweave coin is used as payment in a decentralized marketplace for hard drive space. The network is used as a community-based web (permaweb) where developers can securely and permanently store their files. The team behind Arweave is also developing an App called ArDrive that allows users to store their files with a pay-as-you-go payment model.

The Lambda blockchain infrastructure will enable scalable data storage for DApps. Lambda Chain will also enable cross-chain data management. The network is currently powered by the Ethereum-based LAMB token.