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Filecoin FIL

Filecoin header image

1. Summary

Fundamental Rank
Developer Rank
Social Rank
Coinrank
Price
$7.51 +2.0%
Market Cap
$1.60B (#36)
Supply
205.47M / 1.97B
Price
52W High price $120.05
52W High date 15th May 2021 (1 year ago)
All Time High (ATH) Date 1st Apr 2021 (1 year ago)
ATH Price $236.84
% From ATH -96.38%
All Time Low (ATL) Date 12th May 2022 (2 weeks ago)
ATL Price $6.76
% From ATL 26.89%
Supply & Trading Volume
Trading Volume (24h) $97.07M
Total Supply 1.97B
Max Supply 1.97B
Circulating Supply 205.47M
Description

Filecoin is essentially a decentralized protocol that enables anyone to rent out spare storage space on their computer, and the mainnet itself launched in October of 2020.

Filecoin is essentially a decentralized protocol that enables anyone to rent out spare storage space on their computer, and the mainnet itself launched in October of 2020.

Anyone can also buy storage on the network, and Filecoin’s ICO originally raised $257 million in the year 2017.

Now, since it allows anyone in the world to join the network, it has essentially created a huge source of data storage, and as more systems become computerized, it will be required to live up to this increased demand for storage.

Filecoin was developed to offer a number of advantages when compared to most centralized storage solutions. By creating this larger free market for data storage, would essentially drive the price down, and bring millions of computers across the globe together to create a huge storage network. Now, instead of building new storage computers, Filecoin takes advantage of existing resources. While centralized solutions have the possibility of being hacked, a decentralized network allows for no single point of attack and will be harder to compromise as a result.

The FIL Token Explained

The FIL tokens are the native utility token when it comes to the Filecoin network. This means that users can make payments as well as receive rewards in FIL, and FIL tokens are versatile assets that can essentially be traded on exchanges on a global basis.

Features of Filecoin

Filecoin was actually built on peer-to-peer file storage and retrieval protocol known as the Interplanetary File System (IPFS). Filecoin uses pay miners for storage, retrieval as well as distribution of data. For these efforts, the miners receive rewards in the form of FIL tokens. How much users pay for storage services is actually determined by the market, and charges can vary depending on if a user chooses speed over redundancy or the other way around. The Filecoin network is maintained by two types of miners.

Storage Miners are the main type of miners found here and are individuals or organizations that act as storage providers. These perform several computationally intensive processes called proofs, and these systems work with the goal of securing the network.

Retrieval Miners work as pre-fetchers of data, and they exist to retrieve the most downloaded files and deliver them to users in their close proximity. If you want to quality as one of these miners, you are required to have quick internet.

Now, Filecoin uses two new proofs that work together in order to ensure that the network remains valid, and these systems work in the background.

The first is the proof-of-replication mechanism that verifies that a miner has truly stored the number of copies of data that it claims to hold, and the second is the proof-of-spacetime, which actually verifies if a miner has stored the data for the agreed period of time.

Founders of Filecoin (FIL)

Discussing the founders of Filecoin, it was founded by one founder known as Juan Benet, who created the Interplanetary File System, and is an American computer scientist that studied at Stanford University. Now, after founding Protocol Labs in 2014, he attended the Y Combinator in 2014 with the intention of supporting IPFS and Filecoin.

1.1 Insights

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2. Price

FIL/USD

2.1. Market Performance

How does Filecoin's (FIL) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-56.0%

FIL

-48.7%

Similar Market Cap

60 Day Return

-50.9%

FIL

-44.3%

Similar Market Cap

1 Year Return

-92.7%

FIL

-2.8%

Similar Market Cap

3. Developer Activity

We're monitoring 197 Filecoin GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Filecoin Repos)

Commits vs. The Market

  • Past 4 weeks: 680 commits vs. an average of 2
  • Past 12 weeks: 3,055 commits vs. an average of 28
  • Past year: 14,724 commits vs. an average of 489

Most Active Repos

Past week 292
Past 12 weeks 1236
Past year 4369
Past week 96
Past 12 weeks 485
Past year 3311
Past week 114
Past 12 weeks 241
Past year 1675
Past week 106
Past 12 weeks 306
Past year 1122
Past week 211
Past 12 weeks 421
Past year 438
Past week 30
Past 12 weeks 75
Past year 390

Top Developers 2022

In total, 868 developers have contributed to Filecoin over the past year. Who are the most active Filecoin developers, by commits, over the past year?

Related Projects

Developers working on Filecoin also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users
Active Discord Users
Telegram Users
Twitter followers 152,619
5. News
6. Investment

Funding Rounds

Filecoin has raised $258.2M across 7 funding rounds, between July 2014 and September 2017.

Amount / Round Date Investors
$205.8M / ICO 4 years ago 4
- / - 4 years ago 2
$52.0M / ICO 4 years ago 15
$300,000.0 / Seed 4 years ago 2
- / Seed 5 years ago -
$205.8M / ICO 4 years ago 4
- / - 4 years ago 2
$52.0M / ICO 4 years ago 15
$300,000.0 / Seed 4 years ago 2
- / Seed 5 years ago -
- / Seed 7 years ago 1
$120,000.0 / Seed 7 years ago 7
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://filecoin.io/
Explorer https://filfox.info/en
Twitter @Filecoin
Forum https://filecoin.io/blog/
Whitepaper https://filecoin.io/filecoin.pdf

Has Filecoin been audited for security?

No security audits found for this project.

Are you the owner of Filecoin? Edit it here

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