Waithali
It has been estimated that the centre of power of the Arakanese world shifted from Dhanyawadi to Waithali in the 4th century AD. Although it was established later than Dhanyawadi, Waithali is the most Indianized of the four Arakanese kingdoms to emerge. Like all of the Arakanese Kingdoms to emerge, the Kingdom of Waithali was based on trade between the East (pre-Pagan Myanmar,Pyu, China, the Mons), and the West (India, Bengal, Persia).
Anandachandra Inscriptions date back to 729 AD originally from Vesali now preserved at Shitethaung indicates adequate evidence for the earliest foundation of Buddhism and the subjects of the Waithali Kingdom practiced. Dr. E. H. Johnston's analysis reveals a list of kings which he considered reliable beginning from Chandra dynasty. The western face inscription has 72 lines of text recorded in 51 verses describing the Anandachandra's ancestral rulers. Each face recorded the name and ruling period of each king who were believed to have ruled over the land before Anandachandra.
Some important and badly damaged life-size Buddha images were recovered from Letkhat-Taung, a hill east of the old palace compound. These statues are invaluabe in helping to understand the Waithali architecture, and also the extent of Hindu influence in the kingdom.
According to local legend, Shwe-taung-gyi (lit. Great Golden Hill), a hill northeast of the palace compound maybe a burial place of a 10th century Pyu king.
The rulers of the Waithali Kingdom were of the Chandra dynasty, because of their usage of Chandra on the Waithali coins. The Waithali period is seen by many as the beginning of Arakanese coinage - which was almost a millennium earlier than the Burmese. On the reverse of the coins, the Srivatsa (Arakanese/Burmese: Thiriwutsa), while the obverse bears a bull, the emblem of the Chandra dynasty, under which the name of the King is inscribed in Sanskrit.
Read more about this topic: History Of Rakhine