$ARPA
ARPA (the native token of the ARPA Network, a privacy-focused blockchain infrastructure project) is **trading at around $0.015 – $0.022 per token**, with substantial day-to-day volatility common in small-cap crypto assets. Its **market capitalization is roughly $15 – $25 million**, ranking it in the mid- to lower-tier among thousands of cryptocurrencies, and the **fully diluted valuation (FDV) is about $30 – $44 million**, implying potential future token dilution as more supply enters circulation. The **circulating supply is near 0.98 – 1.5 billion ARPA out of a maximum 2 billion tokens**, so roughly half to three-quarters of tokens are currently tradable. This gives a **market cap/FDV ratio of about 0.49**, suggesting only part of the total supply is impacting current market value. Trading volume can be relatively high for its size, often tens of millions of dollars in 24-hour volume, which reflects active trading despite low overall liquidity. ARPA’s price performance shows periodic strong moves (e.g., weekly gains exceeding 60 – 70 % in some periods) but also sharp corrections, indicating significant volatility and speculative trading behavior. Fundamentally, ARPA leverages **secure multi-party computation (MPC)** and verifiable randomness (Randcast) to enable privacy-preserving computation and randomness services for DeFi, gaming, and other Web3 use cases, with strategic plans to transition to a privacy-centric Layer 1 blockchain by 2026.