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 8h ago
After a week of significant gains and a key partnership announcement, investors are watching to see how FIL absorbs a recent daily price correction.
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Buyer Ratio
Traders
3.7K
-58.68%
Buyers
2.2K
-68.25%
Sellers
2K
-47.33%
Searched
14K
Market Stats
Market Cap
€1.56B
FDV
€4.32B
Circ. Supply
707M FIL
Max Supply
Not enough data
Total Supply
2B FIL
Performance
Popularity
#48
Dominance
0.05%
Volume (24H)
€1.40B
-58.13%
Volume (7D)
€20.66B
Volume (30D)
€53.89B
All time high
€205.52
Price Change (1Y)
-40.12%
Additional details
Market details
FIL vs markets
↘ 55.3%
FIL vs BTC
↘ 52.55%
FIL vs ETH
↘ 43.69%
Tags
mineable
ai-big-data
distributed-computing
filesharing
+8
Network & Addresses
Network | Address | |
|---|---|---|
Filecoin | NA |
Price history
Time | Price | Change |
|---|---|---|
Today | €2.21 | ↘ 24.01% |
1 Day | €2.89 | ↘ 24.11% |
1 Week | €1.47 | ↗ 49.69% |
1 Month | €1.96 | ↗ 13.06% |
1 Year | €3.99 | ↘ 40.12% |
Coinbase insights
Happening now
AI generated 8h ago
After a week of significant gains and a key partnership announcement, investors are watching to see how FIL absorbs a recent daily price correction.
Filecoin posts major weekly gains
Filecoin (FIL) recorded a
↗72%
price increase over the last week, significantly outperforming its Layer 1 category's average weekly loss of
↘8%
. This performance made it the #2 ranked asset in the category for weekly price changes.
Price pulls back in recent trading
Despite the strong weekly performance, FIL saw a
↘9%
price decline in the last 24 hours. Trading activity remained high, however, with FIL ranking 5th for volume in its category.
Filecoin expands storage features with a new partnership
This price action comes as the project announced an ecosystem expansion, launching an S3 storage layer through a new partnership with Akave
.
Recent trends
The latest FIL price is €2.21. Compared to Filecoin's value of €2.89 from 24 hours ago, there's been a -24% decrease, while the current price is 50% up from €1.47 which was recorded one week ago. Filecoin's all time high is €205.52, which was reached on April 1, 2021. This is a -99% change from its price today.
The market cap is currently €1.56B, which is a result of multiplying the current price of Filecoin(€2.21) by the total supply(1,958,827,353 FIL). The fully diluted valuation of Filecoin is €4.32B. The diluted valuation of Filecoin is €4.32B.
Filecoin had 2,239 buyers, 2,033 sellers and total 3,688 trades in the last 24h. Filecoin was searched 14,365 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.
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