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Filecoin

FIL
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Filecoin (FIL)

What is Filecoin?

Filecoin turns decentralized storage into a market: storage providers commit disk capacity, clients negotiate deals (price, duration, redundancy), and the protocol uses cryptographic proofs (showing data is stored over time) to align incentives—closer in spirit to a two-sided marketplace than a single company’s object store.

FIL pays for deals, rewards miners/SPs for honest behavior, and secures the network economically. Under the hood, content addressing overlaps with IPFS concepts (many projects pair them), but Filecoin adds verifiable incentives for persistence rather than “best-effort” pinning alone.

Real-world adoption hinges on enterprise workflows, retrieval performance, and competition with Web2 cloud pricing—treat FIL as exposure to DePIN supply/demand cycles, hardware capex, and protocol rule changes, not just a generic “Web3 AWS” slogan.

Key Facts & Snapshot

  • Symbol: FIL
  • CoinGecko id: filecoin
  • Market cap rank (CoinGecko): #84
  • Categories: Infrastructure, Smart Contract Platform, Storage, Layer 1 (L1), DePIN, Alleged SEC Securities, Pantera Capital Portfolio, GMCI DePIN Index, GMCI 30 Index, Sequoia Capital Portfolio, Blockchain Capital Portfolio, GMCI Index, Made in USA, CoinList Launchpad
  • Circulating supply (snapshot): 771,312,204
  • Total supply (snapshot): 1,957,900,712
  • All-time high (USD, CoinGecko): $236.84 (Apr 1, 2021)
  • All-time low (USD, CoinGecko): $0.7902 (Mar 29, 2026)

Market (USD snapshot)

  • Market cap (USD, snapshot): $665.86M
  • 24h volume (USD, snapshot): $85.73M
  • Fully diluted valuation (USD, snapshot): $1.69B
  • 24h price change (snapshot): -3.99%

Official & Community Links

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Frequently Asked Questions

What is Filecoin and what does it do?
Filecoin is a decentralized storage network that allows users to rent out unused hard drive space or purchase storage from others. It operates as a Layer 1 blockchain platform with smart contract capabilities, creating a marketplace for data storage services.
How much has Filecoin dropped from its all-time high?
Filecoin reached an all-time high of $236.84 on April 1, 2021. With its current position at market cap rank 84, the token has experienced significant decline from that peak, which is common for cryptocurrencies that launched during the 2021 bull market.
What makes Filecoin different from other cryptocurrencies?
Filecoin focuses specifically on decentralized storage infrastructure (DePIN) rather than general-purpose transactions. It creates a marketplace where storage providers earn FIL tokens for hosting data, filling a practical use case in the decentralized web ecosystem.
Is Filecoin considered a security by regulators?
Filecoin is listed in the “Alleged SEC Securities” category, indicating regulatory scrutiny. Investors should be aware that ongoing or potential SEC classification as a security could impact the token’s availability on certain exchanges and its regulatory treatment in the United States.
How risky is investing in Filecoin?
Filecoin carries multiple risk factors including its 99.6% decline from all-time highs, regulatory uncertainty due to alleged SEC securities status, and competition in the decentralized storage market. The token’s 24-hour price volatility of -3.99% and a circulating supply of only 39% of total supply also present inflationary pressure risks.

Filecoin Sectors

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Filecoin is tracked in the following market sectors on Best Info Crypto. Each page shows live aggregate data for that category.

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