About Filecoin
Filecoin (FIL) is a cryptocurrency that powers the Filecoin network, a decentralized peer-to-peer file storage network that aims to let anyone store, retrieve, and host digital information. FIL tokens are used as payment for these services and as an economic incentive to ensure files are stored reliably over time.
Buy Filecoin
Trading Insights
Buyer Ratio
Traders
436
28.61%
Buyers
252
34.76%
Sellers
190
20.25%
Searched
448
Market Stats
Market Cap
£1.20B
FDV
£3.41B
Circ. Supply
690M FIL
Max Supply
Not enough data
Total Supply
2B FIL
Performance
Popularity
#62
Dominance
0.04%
Volume (24H)
£116.22M
53.46%
Volume (7D)
£881.64M
Volume (30D)
£2.36B
All time high
£176.61
Price Change (1Y)
-37.07%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The price of Filecoin has decreased by 0.02% in the last hour and decreased by 4.49% in the past 24 hours. Filecoin’s price has also fallen by 7.70% in the past week. The current price is £1.74 per FIL with a 24-hour trading volume of £116.22M. Currently, Filecoin is valued at 99.01% below its all time high of £176.61. This all-time high was the highest price paid for Filecoin since its launch.
The current circulating supply of Filecoin is 690,199,497 FIL which means that Filecoin has as total market cap of £1,201,907,689.61.
Market details
FIL vs markets
↘ 65.16%
FIL vs BTC
↘ 65.11%
FIL vs ETH
↘ 62.3%
Tags
mineable
ai-big-data
distributed-computing
filesharing
+8
Network & Addresses
Network | Address | |
|---|---|---|
Filecoin | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | £1.74 | ↘ 4.39% |
1 Day | £1.82 | ↘ 4.49% |
1 Week | £1.87 | ↘ 7.70% |
1 Month | £1.78 | ↘ 1.82% |
1 Year | £2.80 | ↘ 37.07% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Filecoin (FIL) is a decentralized storage system that aims to store a variety of information. It is an open protocol supported by a blockchain that records commitments made by the network's participants, with transactions made using FIL, the blockchain's native currency. Filecoin is open-source and aims to be decentralized, with governance in the hands of the community. The platform provides an opportunity for developers to create cloud file storage services. FIL, Filecoin's native currency, powers the entire network and all processes. Clients exchange transactions in FIL tokens, and miners place FIL as collateral, guaranteeing their services. Filecoin seeks to address the challenge of inefficient file storage and retrieval by providing an efficient set of tools and its core development, IPFS.
Filecoin operates through a system involving three parties: clients, storage miners, and retrieval miners. Clients exchange for storing or retrieving data, placing an order on the online storage market where a deal is concluded with storage miners. Storage miners store the client’s data and are compensated. They place files in free sectors of a hard drive, all actions are recorded in the blockchain, and clients receive private keys. Retrieval miners extract data at a client's request. Clients place a trade on the off-chain Retrieval Market. Filecoin is based on IPFS where all data is stored on a peer-to-peer blockchain. Users choose miners to store personal data and exchange for placement in FIL tokens. Miners execute trades, receive participation fees and FIL compensation. The more storage miners offer, the higher the chances of getting compensated.
Filecoin can be used in a variety of ways. It can serve as a decentralized storage network for personal files, app data, company files, public datasets, private data, websites, videos, and dapp websites. It can also be used for data exchange, allowing users to sell data on the network, facilitating data exchanges and markets. Filecoin can also be used for storing data for distributed ledgers and applications, supply chains, and more. It can also serve as a system where Filecoin tokens can be exchanged for goods and services and transferred between users. Furthermore, it can be used for time-stamping, providing a service for storing large amounts of data for long periods of time.
Filecoin was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University. After founding Protocol Labs in May 2014, he attended Y Combinator in the summer of 2014 with the intention of supporting both IPFS and Filecoin, as well as other projects. The project accumulated $205 million in an initial coin offering (ICO) in 2017. The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network.
We update our Filecoin to GBP currency in real-time. Get the live price of Filecoin on Coinbase.
The current market cap of Filecoin is £1.20B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Filecoin is £176.61. This all-time high is highest price paid for Filecoin since it was launched.
Over the last 24 hours, the trading volume of Filecoin is £116.22M.
Assets that have a similar market cap to Filecoin include OFFICIAL TRUMP, Sky, Bonk, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Filecoin is 690 million.
Filecoin ranks 56 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 96% of Coinbase users are buying Filecoin. In other words, 96% of Coinbase customers have increased their net position in Filecoin over the past 24 hours through trading.
Yes, Filecoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Filecoin guide.
Filecoin news
Trending articles
Social stats
Popularity in posts
#373
Contributors
798
Posts
1,721
% About Filecoin
0.071%
Articles
10
Hold times
0 days
X (Twitter)
38.74% bullish
Sentiment
3.9 ★
Highlights
798 unique individuals are talking about Filecoin and it is ranked #373 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Filecoin has an average sentiment score of 78 out of 5. Finally, Filecoin is becoming less newsworthy, with 10 news articles published about Filecoin.
On Twitter, people are mostly neutral about Filecoin. There were 40.73% of tweets with bullish sentiment compared to 5.13% of tweets with a bearish sentiment about Filecoin. 59.27% of tweets were neutral about Filecoin. These sentiments are based on 1532 tweets.
On Reddit, Filecoin was mentioned in 25 Reddit posts and there were 10 comments about Filecoin. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.