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.
Happening now
AI generated 39m ago
Following a significant weekly price surge, market attention is turning to whether Filecoin's high trading activity and a new storage partnership will support prices through recent short-term volatility.
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Buyer Ratio
Traders
5.2K
-39.92%
Buyers
3.5K
-50.45%
Sellers
2.7K
-19.57%
Searched
18K
Market Stats
Market Cap
₹189.57B
FDV
₹524.95B
Circ. Supply
707M FIL
Max Supply
Not enough data
Total Supply
2B FIL
Performance
Popularity
#44
Dominance
0.07%
Volume (24H)
₹217.61B
-30.46%
Volume (7D)
₹2.20T
Volume (30D)
₹7.28T
All time high
₹21.08K
Price Change (1Y)
-25.76%
Additional details
Market details
FIL vs markets
↘ 45.59%
FIL vs BTC
↘ 44.21%
FIL vs ETH
↘ 31.62%
Tags
mineable
ai-big-data
distributed-computing
filesharing
+8
Network & Addresses
Network | Address | |
|---|---|---|
Filecoin | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹268.65 | ↘ 6.28% |
1 Day | ₹285.95 | ↘ 6.51% |
1 Week | ₹147.39 | ↗ 81.57% |
1 Month | ₹209.90 | ↗ 27.46% |
1 Year | ₹342.74 | ↘ 25.76% |
Coinbase insights
Happening now
AI generated 39m ago
Following a significant weekly price surge, market attention is turning to whether Filecoin's high trading activity and a new storage partnership will support prices through recent short-term volatility.
Filecoin leads its category with major weekly gains
FIL's price surged
↗82%
over the past week, strongly outperforming the average decline of
↘8%
for similar cryptocurrencies. The asset also gained
↗28%
over the last month, while its category average fell
↘19%
.
High trading volume seen amid daily price swings
Despite a recent daily price drop of
↘10%
, FIL's trading volume remains robust, ranking in the top five for its category. The asset showed short-term volatility with an hourly price increase of
↗11%
.
New partnership adds storage features
Filecoin's ecosystem expanded with the launch of an S3 storage layer, developed through a partnership with Akave
.
Recent trends
The latest FIL price is ₹268.65. Compared to Filecoin's value of ₹285.95 from 24 hours ago, there's been a -7% decrease, while the current price is 82% up from ₹147.39 which was recorded one week ago. Filecoin's all time high is ₹21,077.95, which was reached on April 1, 2021. This is a -99% change from its price today.
The market cap is currently ₹189.57B, which is a result of multiplying the current price of Filecoin(₹268.65) by the total supply(1,958,828,521 FIL). The fully diluted valuation of Filecoin is ₹524.95B. The diluted valuation of Filecoin is ₹524.95B.
Filecoin had 3,506 buyers, 2,676 sellers and total 5,163 trades in the last 24h. Filecoin was searched 18,295 times in the last 24h.
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.