Irys (formerly Bundlr Network) posted a 120.84% gain over 30 days and a 48% surge in the past week as AI-narrative tokens caught fire. Irys is a Layer-1 blockchain purpose-built for low-cost permanent on-chain data storage, powered by IrysVM — an EVM-compatible execution layer that makes stored data programmable. Its dual storage model (term vs permanent) appeals to AI developers and DePIN builders seeking verifiable, immutable data infrastructure, offering storage costs 70% cheaper than the average decentralized storage provider.
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