Filecoin price

in USD
$2.7890
+$0.15400 (+5.84%)
USDUSD
Market cap
$1.90B #46
Circulating supply
683.22M / 1.96B
All-time high
$237.82
24h volume
$265.51M
3.9 / 5

About Filecoin

Storage
DePIN
CertiK
Last audit: Jun 1, 2020, (UTC+8)

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.

Filecoin’s price performance

3 months
+5.76%
$2.6370
30 days
+16.74%
$2.3890
7 days
+7.14%
$2.6030
Today
+5.84%
$2.6350
63%
Buying
Updated hourly.
More people are buying FIL than selling on OKX

Filecoin on socials

Yuki Rabbit🐰
Yuki Rabbit🐰
📚 Who is Fenbushi Capital? Recently, Sidekick @Sidekick_Labs received an investment from Fenbushi Capital @fenbushi. Founded in 2015, Fenbushi is a veteran blockchain investment firm and one of the first Web3 investment teams in Asia They invested in Ethereum early on, and Vitalik was part of their co-founding team. He now manages more than $1.6 billion in assets and has invested in more than 180 projects, many of which are now popular projects in the Web3 space. Representative projects include: •Ethereum •Filecoin / IPFS •Polygon •Polkadot & Moonbeam •Aztec (Privacy Layer 2) • 1inch (DeFi aggregator) •Consensys •Safe(Gnosis Safe) •The Graph • Circle (the company behind USDC) •Pudgy Penguins(NFT IP) • Morpho/Huma (on-chain lending) Fenbushi not only invests money, but also helps developers and supports ecological construction, and is an investment institution that truly understands technology and community This time, Fenbushi invested in Sidekick, which is a good sign, indicating that the model of live streaming plus trading has a lot of potential VC agencies are also bullish on this track It's just that the amount of mystery financing has not yet been announced, so you can look forward to it first, and there may be more good news in the future Could it be that @HeyfishYC has become the next generation of v God? 🙏 Please, please smash me hard with money!
Sidekick
Sidekick
We’re excited to announce that Sidekick has received investment from Fenbushi Capital, a leading Web3-focused VC @fenbushi !🫶 This partnership brings us closer to our vision of transforming livestreaming — where attention becomes an asset and engagement converts into real onchain value.✨
Show original
5.74K
0
Cryptocoin Radar
Cryptocoin Radar
$fil / $btc: +5% value, +4% volume at #Binance (#cryptoasset, )
1.17K
0
锁子哥
锁子哥
CN8V1z4TNsQ3FfkcyQe4UcJUG1YZUCGsPDrCheF3bonk 恭喜跟上的兄弟 翻倍出本
锁子哥
锁子哥
CN8V1z4TNsQ3FfkcyQe4UcJUG1YZUCGsPDrCheF3bonk XRP 200,000 Compared to last night's XRP Obviously, this one has a banker Ripple surpasses Bitcoin It's a bit of a mentally retarded Ripple infinite pull I still remember the three stupid xrp fil bsv of the puller At present, there is only one XRP left
Show original
3.09K
3

Guides

Find out how to buy Filecoin
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Filecoin’s prices
How much will Filecoin be worth over the next few years? Check out the community's thoughts and make your predictions.
View Filecoin’s price history
Track your Filecoin’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Diversify your portfolio with over 60 euro trading pairs available on OKX

Filecoin FAQ

In the Filecoin network, there are two different forms of mining: storage and retrieval. In storage mining, users generate FIL by storing data for customers and performing cryptographic proofs to continuously verify the data's integrity and ensure that the miner has not altered the data. In retrieval mining, users acquire FIL by winning bids and mining fees for a specific file, which are exclusively based on the file size's market value.

To begin using Filecoin, go to their website and look for a storage provider that meets your requirements. You must know what type of data you intend to store, how long you intend to keep it, and how much you are willing to pay. Filfix, the Filecoin explorer, displays prices, stability, and a variety of other statistics. You can also apply to become one of the 4,000 storage providers here.

Easily buy FIL tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include FIL/USDT, FIL/USDC, FIL/BTC, and FIL/ETH.

You can also buy FIL with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for FIL with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into FIL, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Currently, one Filecoin is worth $2.7890. 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.
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.
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.
Check out our Filecoin price prediction page to forecast future prices and determine your price targets.

Dive deeper into Filecoin

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.

ESG Disclosure

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Market cap
$1.90B #46
Circulating supply
683.22M / 1.96B
All-time high
$237.82
24h volume
$265.51M
3.9 / 5
Easily buy Filecoin with free deposits via SEPA