| General information | |
|---|---|
| Global rank: | 950 |
| Name: |
Vara Network |
| Symbol: | VARA |
| Current coin price (UGX): | 84.27 USh |
| Last hour: | arrow_upward0.390 % |
| Last 24 hours: | arrow_downward-2.35 % |
| Last 7 days: | 7.85 %trending_up |
| Capitalisation (UGX): | 47 970 952 418.87 USh |
| Volume 24h (UGX): | 462 023 163.63 USh |
| Available supply: | 569 286 687.00 VARA |
| Total coin supply: | -1 VARA |
| Start date: | 2023-03-22 |
Vara Network/Ugandan Shilling (VARA/UGX) price chart
Vara Network/Ugandan Shilling (VARA/UGX) capitalisation and volume charts
Vara Network (VARA) is a decentralized Layer-1 network designed to facilitate the rapid development and execution of decentralized applications (dApps). It caters to a broad range of use cases, including gaming, finance, and experimental applications like tokenizing real-world assets and supply chain management. VARA, as the network's key component, aims to address challenges such as performance, scalability, and security in these sectors, making it a versatile platform for both developers and users within the Web3 ecosystem.
VARA is fundamental to the Vara Network, underpinning a range of decentralized applications, including those in DeFi. It aims to provide an alternative to traditional finance, enabling savings, borrowing, investment, and trading. The network seeks to address issues such as high fees, congestion, and security risks, aiming for improved efficiency and security in DeFi applications.