.@FilecoinCDN provides fast retrieval for PDP deals on the Filecoin Calibration testnet. Developers can build dApps that retrieve data instantly using a single URL, with no GPU requirements or unsealing delays, and full programmability via FEVM smart contracts.
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Filecoin Foundation
Filecoin turns storage from a cost center into a value network.
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Snowball（抓住金狗版）🔆
Is anyone still paying attention to the storage sector from the last bull market? Does anyone know that storage plays a crucial foundational role in the AI field? Many people are currently focusing more on AI applications, such as AI agents and AI bots, but the storage sector is also experiencing a boom due to the growth of AI, especially in hot storage.
This sector is not well perceived by ordinary users, similar to the oracle project Chainlink during the DeFi era, which was not deeply understood by regular users but once entered the top ten by market cap during DeFi's peak.
Yes, I’m talking about hot storage—because the rise of generative AI, streaming platforms, and decentralized applications (Dapps) has driven the demand for this niche sector. There is a huge need for low-latency, high-throughput performance with frequent data access.
👍 Where is the importance of hot storage? There are many very important use cases.
1. Market demand shift, users prioritize low latency: For example, in the AI field, hot storage can provide millisecond-level latency and tens of thousands of requests per second throughput, accelerating access to large datasets (like images and videos) and shortening AI model training times. For instance, in inference, sub-second response (Shelby 600ms latency) supports real-time applications (like voice recognition and autonomous driving).
This is very attractive for both B-end products and C-end users.
2. Potential gap in the Web3 market: Most traditional Web3 storage solutions (Filecoin, Arweave) focus on cold storage, which has slow read times and cannot meet real-time use cases. Hot storage fills this market gap, creating a differentiated competitive advantage compared to other storage projects.
3. Reducing usage costs and increasing economic benefits: Hot storage supports new revenue models, such as pay-per-interaction or token-gated access, allowing creators and developers to monetize data in ways that centralized platforms cannot achieve.
Moreover, compared to traditional services like AWS S3, decentralized hot storage can reduce costs to one-third of AWS (about $0.007/GB/month).
Since hot storage is so important, are there any Web3 projects currently working on this? Yes, and it’s unique.
I’m talking about Shelby @ShelbyServes, which fills the current gap in the hot storage sector.
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PANews 疯狂实习生
From Filecoin, Arweave to Walrus, Shelby: How far is the road to the popularization of decentralized storage?
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Eternal AI (EAI)
CryptoModels: the LLMs behind CryptoAgents 🤖
Powered by @Filecoin for decentralized & censorship-resistant storage, CryptoModels give CryptoAgents full control and true sovereignty over their AI models.
Sovereign Weights. Local Execution. Full Privacy.
Here’s how it works 🧵
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Filecoin price performance in USD
The current price of Filecoin is $2.2250. Over the last 24 hours, Filecoin has decreased by -1.77%. It currently has a circulating supply of 677,491,476 FIL and a maximum supply of 1,959,397,182 FIL, giving it a fully diluted market cap of $1.51B. At present, Filecoin holds the 40 position in market cap rankings. The Filecoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Filecoin, founded in 2014, is a peer-to-peer (P2P), open-source data storage network that uses blockchain technology to store files reliably and verifiably. Anyone needing to store their files or with storage space to spare can join and participate in the network. Consider it a cold storage, but instead of being owned by a single entity such as Google or Amazon, it is owned by everyone.
Data storage on Filecoin is entirely private; it is fully encrypted and secured, meaning no one, not even your storage provider, can read it. Additionally, Filecoin users do not need to worry about storage space because the network has a capacity of 2.5 billion gigabytes, 40 times the size of the internet.
Filecoin employs Proof of Replication (PoRep) and Proof of Spacetime (PoSt) rather than Proof of Stake (PoS). According to PoRep, miners will be compensated with FIL tokens if they can demonstrate that they received the cryptographically encoded data from the client. On the other hand, PoSt ensures that the data is kept for the time period specified in the client's contract.
Users typically pay with FIL tokens to store their files with storage providers. The price of storage on Filecoin is determined by the network's demand and supply for storage, and anyone can participate. Users are not limited to a small and defined set of storage providers but can store their files with any storage provider offering any deal available on the network. This enables users to store and access their files at extremely low prices.
Filecoin's native cryptocurrency, FIL, serves as a payment medium. Users pay FIL for storage services, and storage providers earn FIL units for staking storage space. The Filecoin blockchain immutably records FIL transactions as well as storage proofs generated by storage providers.
FIL price and tokenomics
Filecoin's ICO was one of the biggest successes in the blockchain industry, raising a total of $205.8 million. With an initial funding goal of $40 million, its initial token price was pegged at $5 when introduced into the market.
It has a maximum supply of 2 billion tokens with a market capitalization of $1.7 billion. In the fall of 2020, Filecoin organized Space Race to increase the network's data capacity by 400 pebibytes. 400 miners participated in the testnet phase and were awarded 3.5 million FIL tokens.
Filecoin is a deflationary asset with a certain amount of FIL burned with every transaction. The fees burned are sent to an irrevocable burn address to compensate for the network expenditure of resources. The idea is based on Ethereum's EIP1559.
About the founders
Juan Benet co-founded Filecoin in 2014 with the California-based company Protocol Labs, of which he is the CEO.
Benet is a Stanford University graduate with a master's degree in computer science. Before Filecoin, he was the co-founder and CTO of Loki Studios, a mobile gaming studio focused on developing location-aware games. He also founded Athena Academy, a non-profit private school in Palo Alto devoted to educating students with dyslexia.
According to official documents, Filecoin secured $205.8 million during one of the industry's largest funding rounds. The project even received backing from venture capitalists Sequoia and Andreessen Horowitz.
Filecoin highlights
First, the popular browser Brave added Filecoin to their wallet, exposing Filecoin to over 56 million Brave users. This integration helped in creating awareness among Brave users about Filecoin.
Second, instead of temporary file storage, Filecoin partnered with Lighthouse to offer their users permanent file storage within the Filecoin ecosystem, coming at a one-time cost. On Filecoin, files are removed if clients stop paying storage fees, so offering permanent file storage is essential for the most important files or irrefutable information, such as NFTs.
Next, the Filecoin Foundation recently donated $10 million worth of Filecoins (50,000 FIL tokens) to the Internet Archive after its founder joined the Filecoin Foundations board of advisors. The donation is aimed at broadening the Internet Archive's reach to help more people across the globe educate themselves.
Finally, Filecoin had a v16 network upgrade, codenamed Skyr, and switched to using the Wasm-based Filecoin Virtual Machine to operate its basic functionality. This upgrade is the first step toward enabling user programmability on Filecoin and is the network's most significant change since its launch almost two years ago.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.8K new posts about Filecoin, driven by 1K contributors, and total online engagement reached 164K social interactions. The sentiment score for Filecoin currently stands at 85%. Compared to all cryptocurrencies, post volume for Filecoin currently ranks at 3124. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Filecoin.
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Posts
1,825
Contributors
1,007
Interactions
163,994
Sentiment
85%
Volume rank
#3124
X
Posts
1,477
Interactions
151,940
Sentiment
86%
Filecoin FAQ
How much is 1 Filecoin worth today?
Currently, one Filecoin is worth $2.2250. For answers and insight into Filecoin's price action, you're in the right place. Explore the latest Filecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Filecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Filecoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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