The Irys (IRYS) token experienced a dramatic 99% price increase within 24 hours following the launch of its mainnet on November 25. The token's market capitalization surged from $54 million to over $88 million, supported by a trading volume of $65.6 million and a growing base of 11,780 holders. Despite the usual selling pressure from airdrops, Irys maintained its upward trajectory, benefiting from its low initial market cap. Irys operates as a Layer 1 blockchain, having secured $18 million in funding from investors such as Framework Ventures. It offers a combination of low-cost storage and an EVM-compatible execution layer designed for scalable data services. In related news, Bitcoin Hyper, a Solana VM-based Bitcoin Layer 2 blockchain, completed a $28.4 million presale, promising 41% APY staking rewards and rapid transaction speeds.