Among the many projects shaping Web3 in 2025, IRYS stands out as a pioneer redefining how data is stored, executed, and monetized. Unlike traditional storage chains, IRYS positions itself as a Layer-1 programmable datachain—turning data into executable assets that power AI, NFTs, SocialFi, DePIN, and beyond.
Backed by strong technical milestones and a recently closed $10M Series A funding round, IRYS is capturing the attention of investors, developers, and the broader crypto community.
What is IRYS?
IRYS goes beyond being a storage solution. It transforms data into a live, programmable resource—one that can be called, modified, and monetized in real time by smart contracts. This allows developers to build Web3 apps that leverage dynamic data for AI, DeFi, gaming, and more.
Key highlights include:
- 100x cheaper & 10–100x faster than Filecoin and Arweave
- Dual ledger architecture (Submit Ledger + Publish Ledger) ensuring integrity and permanence
- IrysVM with EVM compatibility + WASM execution for complex on-chain workflows
- Hybrid PoW + PoS consensus for both security and decentralization
With over 600M transactions and 4M+ daily active wallets, IRYS has been dubbed “the AWS of Web3.”
2025 Milestones
This year, IRYS has accelerated both on the technical and business fronts.
- $10M Series A Funding
Led by CoinFund with participation from Hypersphere, Amber Group, Tykhe Ventures, and others, IRYS has now secured $20M in total funding to fuel its mainnet launch, ecosystem expansion, and global growth. - Testnet Success & Mainnet Prep
Launched in January 2025, IRYS testnet achieved 100,000 TPS, proving it to be 6,000x faster than Filecoin and 20x cheaper than Arweave. Mainnet launch and Token Generation Event (TGE) are now on the horizon. - Partnership Expansion
- AI collaborations with Morpheus, Olas, Crynux for optimized workflows
- Polygon, Base, Polyhedra for interoperability and infra scaling
- Community Growth
IRYS has grown a 500K+ member community across 8 countries, with Questland platform driving hands-on engagement. - AI & DePIN Use Cases
From anti-deepfake verification and IP protection to managing unused city bandwidth, IRYS delivers real-world data solutions.
IRYS vs. Walrus: A Competitive Lens
IRYS is often compared to Walrus (a Sui-based storage protocol). The distinction lies in their design philosophies:
- IRYS → Permanent, immutable Layer-1 datachain optimized for AI, NFTs, and public records
- Walrus → Flexible, rental-based storage focused on builders and modularity
In high-trust domains like AI training datasets or public recordkeeping, IRYS holds the edge.
Token Economy & Business Model
IRYS has designed a sustainable economic flywheel by monetizing storage + execution transactions:
- 95% of storage fees reinvested into ecosystem growth
- 50% of execution fees burned, supporting $IRYS token value
- Validators & storage providers incentivized with fair APY rewards
As data usage grows, transaction volume and token demand scale exponentially—creating a self-reinforcing growth loop.
Outlook: Why IRYS Matters
IRYS is not just another storage blockchain. It is building the core data infrastructure for the next generation of Web3 applications.
- Successfully closed Series A funding ($10M led by CoinFund)
- Demonstrated breakthrough testnet performance
- Secured high-profile partnerships across gaming, AI, and DePIN
- Expanded global community engagement
With mainnet launch and TGE on the near horizon, IRYS is positioning itself as a game-changer in the $3T programmable data economy. For developers, creators, and investors, it represents one of the most compelling bets in Web3’s data-driven future.
IRYS Website : https://irys.xyz/
IRYS X : https://x.com/irys_xyz
