Filecoin price

in USD
$2.423
-$0.003 (-0.13%)
USD
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Market cap
$1.67B #46
Circulating supply
689.34M / 1.96B
All-time high
$237.81
24h volume
$136.13M
3.9 / 5
FILFIL
USDUSD

About Filecoin

FIL, the native cryptocurrency of Filecoin, powers a decentralized storage network designed to address the limitations of traditional cloud storage. Instead of relying on a few centralized providers, Filecoin connects users with a global marketplace of storage providers, ensuring data is distributed, secure, and resistant to tampering. FIL is used to pay for storage services, incentivize providers to maintain data integrity, and enable a trustless, verifiable system through cryptographic proofs. This innovative approach unlocks use cases like archiving critical data, supporting AI workloads, and ensuring access to large-scale scientific datasets. Filecoin represents a key step toward a more open, efficient, and resilient digital infrastructure.
AI-generated
Storage
DePIN
CertiK
Last audit: 1 June 2020, (UTC+8)

Filecoin’s price performance

Past year
-28.72%
$3.40
3 months
+2.53%
$2.36
30 days
-7.52%
$2.62
7 days
-0.58%
$2.44
53%
Buying
Updated hourly.
More people are buying FIL than selling on OKX

Filecoin on socials

oi派派_
oi派派_
When "storage" is no longer enough, Irys pushes storage into the era of "second-use" Still losing data to the "decentralized hard drive"? Today, let's change our posture and focus the camera on the daily life of "after throwing it away": rushing to call, but stuck in the circle of "retrieving"; I want to run a contract, but I find that I can't touch the file on the chain at all; Renewal, cross-chain, dual-token ...... A meal operation is as fierce as a tiger, and the cost starts at 2×. The keyword of the old narrative is "can be saved", and the keyword of the new story is only two words: use it in seconds. Irys @irys_xyz uses an independent L1 to package storage, consensus, and execution into "data as a service". ➤ Filecoin: short-term storage annoyance Filecoin was once hailed as the epitome of decentralized storage, but the pain points are obvious: Storage can only be short-term (up to 540 days) and can be manually renewed at the end of the term. retrieving data often takes hours or even days; FVM contracts simply do not have access to stored data; Pricing fluctuates with the market, making costs completely unpredictable. In other words, your data is neither "readily available" nor costly. Irys @irys_xyz directly disrupts this experience: Short-term + permanent storage parallel, instant retrieval, extremely low latency; EVM contracts can read and write data directly; Price anchored hard drive costs – about $2.50/GB for the short term and $0.03/GB for permanent. What's more, the native verifiable mechanism makes data secure and fully decentralized. ➤Arweave: A one-time payment at a high cost Arweave focuses on permanent storage, but it comes with a costly one-time fee, and the price of the anchored AR token fluctuates wildly, with an average cost of 16 times that of Irys. Small file retrieval is okay, but large files are significantly slow; And without native execution capabilities, it must rely on centralized oracles or cross-chain bridges. @irys_xyz is completely different: The flexible choice of short-term and permanent storage makes network congestion virtually insensitive and latency reduced by about 100 times. EVM contracts natively read and write data, price-anchored HDDs, low cost and predictable. To put it bluntly, you can get really "actionable" data faster at a lower cost. ➤Story Protocol: Limitations of on-chain metadata Story Protocol only puts asset metadata on the chain, the asset itself is still off-chain, the authorization logic relies on external modules, and the verification relies on third-party endorsements, which is highly risky for centralization. In other words, while your data is "on-chain," its security and integrity are not truly guaranteed. Irys @irys_xyz allows the asset body to be directly on-chain, permanently verifiable, and the authorization, access, and monetization logic can be embedded in the data structure and executed natively by IrysVM. Native cryptographic verification, secure and decentralized. Story is an IP licensing protocol, and Irys is a lateral data infrastructure – positioned completely differently. ➤Walrus Network: High-friction storage experience Walrus Network is built on Sui and stores for up to 2 years, and also relies on 4–5× expanded erasure code, which users need to manually renew. The dual-token model and manual upload add operational friction. Irys @irys_xyz is an independent L1 with native integration of storage, execution, and consensus; Short-term + permanent storage, fixed cost; ≥ 10 replicas, safe even if 90% of nodes are lost; Miners automatically verify, index, and provide services, and contracts can access data directly through IrysVM. From the short-term shackles of Filecoin, to Arweave's high-priced permanent storage, to Story Protocol's off-chain dependencies, and the operational friction of Walrus Network - the pain points of these established projects are obvious and direct. Irys has truly revolutionized data infrastructure by combining low cost, high availability, native execution, and verifiable security with a new storage paradigm. The law of peaks and ends says that people remember "peaks" and "ends". The peak of the old system is "waiting", and the end point is "renewal"; The peak of Irys @irys_xyz is "second open" and the end point is "always-on". It is not the process that is remembered, but the ending. >> drag files into the front-end → Automatically estimate short-term/permanent prices; >> choose "Perpetual" → pay $0.03/GB once and maintain free for life; >> copy the returned contentTxId → stuffed directly into any EVM contract, and the bytecode is immediately accessible. The storage revolution sounds big, and it is only these three steps to experience. Throw your old worries to the testnet and go to the Irys mainnet to see what the era of "data in seconds" is.
FILLiquid
FILLiquid
"Idle FIL? Hit the vending button—liquidity on." FILLIQUID turns sleeping FIL into utility on FVM. Fast, transparent, community-driven.😎 #FILLIQUID #Filecoin #FVM #DeFi #Liquidity
Yueya.eth
Yueya.eth
Programmable Data Chains vs Smart Contracts – The Power of Paradigm Shifts It's paradigm, not performance, that really changes the landscape. Bitcoin: Currency relies on mathematics rather than sovereignty. Ethereum: Funds can "flow logically", so there is DeFi. @irys_xyz: Data can "run logically", which may give rise to AI healthcare, DePIN, and privacy computing. Filecoin/Arweave is still an "on-chain hard drive" that solves the archiving problem. @irys_xyz difference: write is call, data comes with logical execution, storage + calculation + verification three-in-one. Developers will gradually be locked into the ecosystem just like they did with AWS. Once habits are formed, the value of Irys is not cheaper storage, but an operating system for the data economy.

Guides

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View Filecoin’s price history
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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 $2.423. 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.

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.

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Market cap
$1.67B #46
Circulating supply
689.34M / 1.96B
All-time high
$237.81
24h volume
$136.13M
3.9 / 5
FILFIL
USDUSD
Easily buy Filecoin with your AUD