TL;DR

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7 EiB

Total Storage Capacity

5.88 USD

Price

$3.2 B

Market Cap

Seven Day Trend

$39 M

Protocol Revenue

Digestible insights and updates on the
Filecoin network

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There are three core pillars of Filecoin

Filecoin tldr storage markets
An open market where individuals and organizations can contract with storage providers to store their data.
The Filecoin community started with Storage Markets as the first step. As data has gravity, starting with Storage makes it easier to build Retrieval and Compute over the data.

Learn more and follow our progress at Storage Market.

Filecoin tldr retrieval markets
An open market where individuals and organizations can contract with retrieval providers to deliver content.

This unlocks the universe of use cases which need faster retrieval speeds, such as video streaming.

Learn more and follow our progress at Retrieval Market.

Filecoin tldr compute over data
An open market where compute power can be contracted to run over data.

This is a growing topic of interest given the immense amount of compute resources needed for AI models. Filecoin's vision includes different subnets emerging specializing in different kinds of compute jobs.

Learn more and follow our progress at Cod.cloud.

Protocols

Key protocol upgrades to enable these services include Smart Contracts (the Filecoin Virtual Machine) and Scaling (Interplanetary Consensus).

Why

Why Filecoin, why now?

filecoin decentralized physical infrastructure networks

A bet on decentralized physical infrastructure networks

Filecoin is a bet on decentralized physical infrastructure networks being a more effective way to coordinate the provision of cloud services in a growing data economy.
filecoin Crypto-economic incentives showing success

Crypto-economic incentives showing success

The crypto-economic incentives of Filecoin have successfully coordinated globally-distributed parties to bootstrap hardware to the network, resulting in rapid growth of storage capacity (exbibyte scale) at a lower cost. 
filecoin market opportunity

Huge market opportunity

The market opportunity is massive, as the global cloud services industry is projected to grow to 1 trillion USD by 2028. Macro trends of big data and artificial intelligence further support Filecoin’s potential.
Filecoin’s tokenomics

Tokenomics designed for long-term alignment

Filecoin’s tokenomics are designed to reward long-term participation and contribution to the network. Further improvements to the protocol may lead to increasingly valuable use cases for the network and the token.

The FIL Token

FIL is the native utility token

FIL is the native utility token of the Filecoin network. It is used to facilitate Filecoin’s on-chain economy by
playing a number of functions: paying for on-chain messages, as collateral, and burned to regulate blockspace.
How to Stake Filecoin - staking fil
How to Stake Filecoin - staking fil

Filecoin DeFi Update: One Year of FVM  

March 20, 2024

The Filecoin community celebrated the first anniversary of the Filecoin Virtual Machine (FVM)...

Article: Filecoin DeFi Update: One Year of FVM  

State of Filecoin 2024

February 2, 2024

2023 marked significant shifts in technology and adoption for the Filecoin network. From the...

Article: State of Filecoin 2024

Top 3 Highlights from Filecoin LabWeek 2023 Istanbul

December 4, 2023

Key takeaways from Filecoin Labweek 2023:
1) InterPlanetary Consensus and how it enables...

Article: Top 3 Highlights from Filecoin LabWeek 2023 Istanbul
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Digestible news and updates for Filecoin and FIL

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Disclaimer: This information is intended to be used for informational purposes only. It is not investment advice. Although we try to ensure all information is accurate and up to date, occasionally unintended errors and misprints may occur.

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