Filecoin
FIL Rank 87 Rank 87
$0.924555 (+1.11%)

Filecoin FIL price:

$0.924555 (+1.11%)
1h+0.20%
24h+1.11%
Week+5.81%
Month+4.94%
Year-65.11%
ETH 0.000399 (+0.35%)
BTC 0.000012 (-0.11%)
$0.901398 24h Range $0.932622
The live Filecoin price today is $0.924555, with a 24-hour trading volume of $91,042,357.83. FIL has changed +1.11% in the last 24 hours.

Filecoin (FIL) Metrics

Basic info
Source code
Asset type
Explorers
Market Cap Rank 87
$714,512,444.00 BTC 9,431.00
All Time High
$236.97 01 Apr 21 % to ATH (25,512.50%)
Volume (24h) Rank 62
$91,042,357.83 BTC 1,201.67
Circulating Supply
Update supply form
772,818,031 Total:1,959,852,880 Max: 1,960,598,432

Filecoin Price Chart Live

Price Chart

Zoom:
Price change:
High: Low:
real time price:
For more data check CoinPaprika API

Filecoin (FIL)

What is Filecoin?

Filecoin (FIL) is a decentralized storage network launched in 2020 by Protocol Labs. It was created to provide a peer-to-peer digital storage marketplace, allowing users to rent out unused storage space and earn FIL tokens in return. The project operates on its own blockchain, utilizing a proof-of-replication and proof-of-spacetime consensus mechanism to ensure data integrity and reliability. Filecoin's native token, FIL, serves multiple roles within the network, including payments for storage services, collateral for storage providers, and incentives for maintaining the network's security and efficiency. Filecoin stands out for its decentralized approach to data storage, aiming to disrupt traditional cloud storage by offering a more secure, efficient, and cost-effective alternative. This innovation positions Filecoin as a significant player in the blockchain and decentralized storage ecosystems.

When and how did Filecoin start?

Filecoin originated in July 2014 when Juan Benet, the founder of Protocol Labs, released its whitepaper. The project aimed to create a decentralized storage network utilizing blockchain technology. Filecoin's testnet launched in December 2019, allowing developers and early adopters to experiment with the network and provide feedback. The mainnet officially launched on October 15, 2020, marking the project's transition to full public availability. Filecoin's initial distribution was conducted through an Initial Coin Offering (ICO) in 2017, which raised approximately $257 million, making it one of the largest ICOs at the time. The funds were used to develop the network and expand its ecosystem. These foundational steps set the stage for Filecoin's growth and the development of its decentralized storage solutions.

What’s coming up for Filecoin?

According to official updates, Filecoin is preparing for several key developments in its ecosystem. One major upcoming milestone is the launch of the Filecoin Virtual Machine (FVM), which is scheduled for release in the near term. The FVM aims to enhance the network's programmability by enabling smart contracts and decentralized applications, thereby improving scalability and user experience. Additionally, Filecoin is focusing on expanding its ecosystem through partnerships and integrations with other blockchain projects, targeting increased interoperability and network utility. These initiatives are designed to bolster the network's capabilities and attract more developers and users to the platform. Progress and updates on these developments can be tracked through Filecoin's official channels and repositories.

What makes Filecoin stand out?

Filecoin stands out through its unique decentralized storage network, which leverages blockchain technology to create a marketplace for data storage. This architecture enables users to rent out unused storage space, fostering a distributed and efficient data storage solution. Filecoin’s use of a proof-of-replication and proof-of-spacetime consensus mechanism ensures data integrity and security, while also incentivizing participants to contribute storage resources. The platform's design supports interoperability with other blockchain networks, enhancing its utility in the decentralized ecosystem. Filecoin's ecosystem is bolstered by partnerships with various technology companies and projects, which expand its reach and use cases. Additionally, its open-source nature and active developer community contribute to continuous innovation and improvement, ensuring Filecoin remains a relevant and robust solution in the data storage landscape.

What can you do with Filecoin?

Filecoin (FIL) is used primarily as a utility token within its decentralized storage network. Users can utilize FIL to pay for data storage and retrieval services, making it integral to the network's functionality. Storage providers earn FIL by offering storage capacity and maintaining data integrity. The token also serves as collateral for storage providers, ensuring they fulfill their commitments. Holders of FIL can participate in governance by voting on proposals that influence the network's development and policies. Developers leverage Filecoin to build decentralized applications (dApps) that require reliable and decentralized data storage solutions. The ecosystem supports various wallets and tools that facilitate interactions with the Filecoin network, enabling seamless transactions and integration for both users and developers.

Is Filecoin still active or relevant?

Filecoin remains active with ongoing development and recent updates. As of 2023, the project continues to release new versions and enhancements, focusing on improving network efficiency and storage capabilities. Filecoin is listed on major exchanges, maintaining significant trading volume, which underscores its active market presence. The project is involved in notable partnerships and integrations, which enhance its utility within the decentralized storage sector. Filecoin's governance is also active, with regular proposals and community engagement, ensuring the network evolves in line with user needs and technological advancements. These factors collectively affirm Filecoin's continued relevance in the blockchain and decentralized storage ecosystem.

Who is Filecoin designed for?

Filecoin is designed primarily for developers and enterprises seeking decentralized storage solutions. It enables them to store, retrieve, and manage data securely and efficiently on a decentralized network. Filecoin provides tools and resources such as APIs and SDKs to facilitate integration and development, allowing users to leverage its storage capabilities within their applications and services. Secondary participants, including storage providers and miners, play a crucial role in the ecosystem by offering their storage resources and maintaining the network's integrity. These participants engage through the Filecoin marketplace, where they can offer and price storage services, contributing to the network's decentralized nature and overall resilience. This structure allows a wide range of users to benefit from Filecoin's secure and distributed storage network.

How is Filecoin secured?

Filecoin employs a unique consensus mechanism called Proof-of-Replication (PoRep) combined with Proof-of-Spacetime (PoSt) to secure its network. Miners in the Filecoin network are responsible for storing data and proving the data's integrity over time. PoRep ensures that miners have physically stored the data, while PoSt verifies that the data remains stored over time. This approach leverages cryptographic proofs to maintain data authenticity and availability. The network uses cryptographic primitives like zk-SNARKs to ensure these proofs are verifiable without revealing the data itself. Miners are incentivized through block rewards and transaction fees, aligning their interests with the network's integrity. The system also includes penalties for failing to provide the necessary proofs, which discourages malicious behavior and ensures reliability. Filecoin's security is further enhanced through regular audits, a robust bug bounty program, and a diverse client ecosystem, all of which contribute to its resilience and trustworthiness as a decentralized storage network.

Has Filecoin faced any controversy or risks?

Filecoin has faced some controversies and risks primarily related to technical and regulatory factors. In October 2020, shortly after its mainnet launch, Filecoin encountered technical challenges when miners protested against the economic model, which they claimed was unfair and made mining unprofitable. The Filecoin team addressed this by adjusting the mining reward distribution to better support miners. Additionally, Filecoin has faced scrutiny regarding regulatory compliance, particularly in jurisdictions with stringent regulations on digital assets. The project has responded by engaging with legal experts to ensure compliance with relevant laws. Filecoin, like many blockchain projects, continues to face ongoing risks, including market volatility, regulatory changes, and potential technical vulnerabilities. To mitigate these risks, the Filecoin team employs rigorous development practices, transparency in governance, and regular security audits. They also encourage community participation through bug bounty programs to identify and address vulnerabilities proactively.

Filecoin (FIL) FAQ – Key Metrics & Market Insights

Where can I buy Filecoin (FIL)?

Filecoin (FIL) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the FIL/USDT trading pair recorded a 24-hour volume of over $79 229 331.80. Other exchanges include WhiteBIT and Binance.

What's the current daily trading volume of Filecoin?

As of the last 24 hours, Filecoin's trading volume stands at $91,042,357.83 , showing a 0.38% decline compared to the previous day. This suggests a short-term reduction in trading activity.

What's Filecoin's price range history?

All-Time High (ATH): $236.97
All-Time Low (ATL): $0.786027

Filecoin is currently trading ~99.61% below its ATH .

What's Filecoin's current market capitalization?

Filecoin's market cap is approximately $714 512 444.00, ranking it #87 globally by market size. This figure is calculated based on its circulating supply of 772 818 031 FIL tokens.

How is Filecoin performing compared to the broader crypto market?

Over the past 7 days, Filecoin has gained 5.81%, outperforming the overall crypto market which posted a 0.24% gain. This indicates strong performance in FIL's price action relative to the broader market momentum.

Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.

All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.

Coinpaprika is not liable for any losses resulting from the use of this information.

News All News

Education All Education

Filecoin Basics

WhitepaperFilecoin WhitepaperOpen
Development status On-going development
Org. Structure Centralized
Open SourceYes
Consensus Mechanism Not mineable
Algorithm None
Website
Source code
Asset typeCoin
Explorers (1)
Tags
  • Platform (367)
  • Smart Contracts (579)
  • Big Data & Data Storage (153)
  • Privacy & Security (276)
  • Computing & Cloud Infrastructure (49)
  • Binance Coin (BNB) Token (BEP-20) (13886)
  • Huobi ECO Chain (HECO) Token (111)
  • Layer 1 (L1) (178)
  • DePIN (125)
  • Infrastructure (57)
  • Alleged SEC Securities (45)
  • Made in USA (108)
Blog
Facebook
Faq
Reddit

Similar Coins

Filecoin Exchanges

Filecoin Markets

By Volume
All CEX DEX
* Price / Volume Excluded - Outlier detected
** Volume Excluded - markets with no fees and transaction mining
*** Volume Excluded - no fresh data from exchange API

Other coins worth interest - similar to Filecoin

Top coins with Privacy & Security Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
21 Monero Monero XMR $6 533 189 663 $354.16 $164 626 158 18,446,744
Monero 7d price chart+2.69%
25 Canton Network Canton Network CC $5 447 752 655 $0.156088 $11 485 292 34,901,891,555
Canton Network 7d price chart+3.25%
27 Zcash Zcash ZEC $5 183 800 837 $317.47 $345 593 056 16,328,269
Zcash 7d price chart-10.60%
31 Litecoin Litecoin LTC $4 165 474 890 $55.13 $251 251 485 75,558,487
Litecoin 7d price chart+3.87%
77 Worldcoin Worldcoin WLD $870 733 698 $0.264974 $58 198 028 3,286,112,332
Worldcoin 7d price chart-10.23%
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
227 Golem Golem GLM $132 509 984 $0.132510 $3 515 471 1,000,000,000
Golem 7d price chart+6.45%
287 Quantum Resistant Ledger Quantum Resistant Ledger QRL $92 397 774 $1.36 $101 180 67,937,170
Quantum Resistant Ledger 7d price chart-5.49%
314 Holo Holo HOT $75 797 492 $0.000427 $2 987 099 177,619,433,541
Holo 7d price chart+8.35%
351 aelf aelf ELF $65 389 560 $0.079798 $1 257 927 819,443,120
aelf 7d price chart+1.94%
401 Siacoin Siacoin SC $54 401 472 $0.000971 $4 183 749 56,025,636,522
Siacoin 7d price chart+2.89%
Top coins with Infrastructure Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
145 DoubleZero DoubleZero 2Z $292 526 503 $0.084267 $2 061 150 3,471,417,500
DoubleZero 7d price chart+8.04%
218 THORChain THORChain RUNE $142 918 920 $0.421842 $2 844 239 338,797,570
THORChain 7d price chart+7.04%
484 Perle Perle PRL $38 500 092 $0.220001 $8 865 414 175,000,000
Perle 7d price chart+30.29%
500 Naoris Protocol Naoris Protocol NAORIS $36 706 833 $0.061254 $2 540 760 599,260,000
Naoris Protocol  7d price chart+2.17%
505 Espresso Espresso ESP $35 789 486 $0.068753 $3 678 979 520,550,000
Espresso 7d price chart-7.94%
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
6 USDC USDC USDC $78 287 293 067 $0.999951 $18 162 671 531 78,291,105,721
USDC 7d price chart0.00%
22 Chainlink Chainlink LINK $5 816 028 047 $9.28 $368 700 176 626,849,970
Chainlink 7d price chart+4.47%
24 Binance Bitcoin Binance Bitcoin BTCB $5 533 326 887 $75 687.02 $67 296 391 73,108
Binance Bitcoin 7d price chart+4.79%
30 MemeCore MemeCore M $4 667 916 557 $3.61 $20 029 583 1,292,395,686
MemeCore  7d price chart+29.91%
36 Shiba Inu Shiba Inu SHIB $3 551 119 006 $0.000006 $80 958 290 589,264,883,286,605
Shiba Inu 7d price chart+4.52%
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
22 Chainlink Chainlink LINK $5 816 028 047 $9.28 $368 700 176 626,849,970
Chainlink 7d price chart+4.47%
45 Uniswap Uniswap UNI $1 952 194 481 $3.25 $151 015 992 600,425,074
Uniswap 7d price chart+5.27%
105 TrueUSD TrueUSD TUSD $495 059 382 $0.998906 $13 499 825 495,601,553
TrueUSD 7d price chart-0.07%
131 APENFT APENFT NFT $334 389 523 $0.000000 $16 209 207 999,990,000,000,000
APENFT 7d price chart-0.10%
268 Synthetix Network Synthetix Network SNX $101 285 804 $0.298368 $10 220 956 339,466,216
Synthetix Network 7d price chart+5.51%
Top coins with Layer 1 (L1) Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
1 Bitcoin Bitcoin BTC $1 515 098 979 721 $75 684.63 $34 589 433 615 20,018,581
Bitcoin 7d price chart+4.79%
2 Ethereum Ethereum ETH $278 725 769 418 $2 314.49 $16 001 658 334 120,426,316
Ethereum 7d price chart+3.85%
5 BNB BNB BNB $87 586 221 822 $629.28 $769 362 262 139,184,442
BNB 7d price chart+3.95%
7 Solana Solana SOL $49 441 815 063 $85.91 $6 168 837 223 575,502,905
Solana 7d price chart+3.37%
8 TRON TRON TRX $28 320 231 855 $0.327920 $656 741 961 86,363,298,503
TRON 7d price chart+2.58%
Top coins with DePIN Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
72 Render Render RENDER $924 204 057 $1.79 $46 792 073 517,690,747
Render 7d price chart-4.54%
134 BitTorrent BitTorrent BTT $320 685 775 $0.000000 $9 451 373 987,037,885,840,675
BitTorrent 7d price chart-0.22%
158 IOTA IOTA IOTA $252 296 996 $0.058510 $5 442 621 4,311,998,937
IOTA 7d price chart+9.16%
163 The Graph The Graph GRT $241 255 231 $0.025266 $9 835 476 9,548,531,509
The Graph 7d price chart+6.32%
168 THETA THETA THETA $223 473 958 $0.223474 $28 714 248 1,000,000,000
THETA 7d price chart+27.89%
Top coins with Alleged SEC Securities Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
7 Solana Solana SOL $49 441 815 063 $85.91 $6 168 837 223 575,502,905
Solana 7d price chart+3.37%
8 TRON TRON TRX $28 320 231 855 $0.327920 $656 741 961 86,363,298,503
TRON 7d price chart+2.58%
14 Cardano Cardano ADA $9 537 991 458 $0.247234 $467 250 919 38,578,821,458
Cardano 7d price chart+3.72%
38 Toncoin Toncoin TON $3 290 328 949 $1.32 $92 321 725 2,489,907,751
Toncoin 7d price chart-7.28%
51 Near Protocol Near Protocol NEAR $1 609 425 981 $1.36 $193 076 138 1,185,165,436
Near Protocol 7d price chart-2.80%
Top coins with Made in USA Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
4 XRP XRP XRP $88 023 460 382 $1.43 $2 692 474 332 61,569,680,267
XRP 7d price chart+6.85%
6 USDC USDC USDC $78 287 293 067 $0.999951 $18 162 671 531 78,291,105,721
USDC 7d price chart0.00%
7 Solana Solana SOL $49 441 815 063 $85.91 $6 168 837 223 575,502,905
Solana 7d price chart+3.37%
10 Dogecoin Dogecoin DOGE $14 164 723 272 $0.094971 $1 150 280 511 149,147,696,384
Dogecoin 7d price chart+3.56%
14 Cardano Cardano ADA $9 537 991 458 $0.247234 $467 250 919 38,578,821,458
Cardano 7d price chart+3.72%
Top coins with Platform Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
14 Cardano Cardano ADA $9 537 991 458 $0.247234 $467 250 919 38,578,821,458
Cardano 7d price chart+3.72%
32 Avalanche Avalanche AVAX $3 897 772 300 $9.23 $375 907 208 422,275,285
Avalanche 7d price chart-0.04%
34 Sui Sui SUI $3 741 014 325 $0.946280 $321 314 835 3,953,388,932
Sui 7d price chart+3.31%
51 Near Protocol Near Protocol NEAR $1 609 425 981 $1.36 $193 076 138 1,185,165,436
Near Protocol 7d price chart-2.80%
55 Internet Computer Internet Computer ICP $1 356 751 447 $2.46 $26 021 689 551,883,370
Internet Computer 7d price chart+0.80%
Top coins with Smart Contracts Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
2 Ethereum Ethereum ETH $278 725 769 418 $2 314.49 $16 001 658 334 120,426,316
Ethereum 7d price chart+3.85%
5 BNB BNB BNB $87 586 221 822 $629.28 $769 362 262 139,184,442
BNB 7d price chart+3.95%
7 Solana Solana SOL $49 441 815 063 $85.91 $6 168 837 223 575,502,905
Solana 7d price chart+3.37%
8 TRON TRON TRX $28 320 231 855 $0.327920 $656 741 961 86,363,298,503
TRON 7d price chart+2.58%
14 Cardano Cardano ADA $9 537 991 458 $0.247234 $467 250 919 38,578,821,458
Cardano 7d price chart+3.72%
Top coins with Big Data & Data Storage Tag
# Name Market Cap Price Volume (24h) Circulating Supply 7d chart
8 TRON TRON TRX $28 320 231 855 $0.327920 $656 741 961 86,363,298,503
TRON 7d price chart+2.58%
41 BitTensor BitTensor TAO $2 385 961 923 $248.60 $173 967 475 9,597,491
BitTensor 7d price chart-2.37%
55 Internet Computer Internet Computer ICP $1 356 751 447 $2.46 $26 021 689 551,883,370
Internet Computer 7d price chart+0.80%
134 BitTorrent BitTorrent BTT $320 685 775 $0.000000 $9 451 373 987,037,885,840,675
BitTorrent 7d price chart-0.22%
136 Gnosis Gnosis GNO $311 672 508 $120.36 $896 405 2,589,588
Gnosis 7d price chart+2.03%