Filecoin
ATH / ATL
24h Price
24h summary
Over the last 24 hours, Filecoin moved from $0.715 to $0.7018. The session high was $0.7198, the low was $0.6883, and the intraday range was $0.0315 / 4.4%.
- 24h open
- $0.715
- 24h close
- $0.7018
- 24h high
- $0.7198
- 24h low
- $0.6883
- Volatility / range
- $0.0315 / 4.4%
- Updated
Monthly Returns heatmap
Heatmap summary
Filecoin posted 24 positive months out of 70. The longest positive streak lasted 4 months, while the longest negative streak lasted 7 months.
- Strongest month
- Mar 2021 +430.6%
- Weakest month
- May 2021 -55.7%
- Longest positive streak
- 4 Sep 2023 — Dec 2023
- Longest negative streak
- 7 Dec 2024 — Jun 2025
- Luckiest calendar month
- Mar • avg 70.3% • 6 mo.
- Unluckiest calendar month
- Jun • avg -20.4% • 6 mo.
Networks
Supported exchanges
About the coin
Filecoin (FIL) is a decentralized storage network that aims to incentivize individuals and organizations to offer their hard drive space to the network. It operates as a blockchain-based cryptocurrency aiming to revolutionize digital storage.
The core idea behind Filecoin is to create a distributed marketplace for data storage. Unlike traditional cloud storage providers, Filecoin leverages a peer-to-peer network where users can rent storage space from providers who have excess capacity. This decentralized approach offers potential benefits in terms of cost, security, and censorship resistance.
The Filecoin network is built upon a unique consensus mechanism that combines Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt). Proof-of-Replication ensures that storage providers are storing the data they claim to be storing, while Proof-of-Spacetime verifies that they continue to store it over time.
FIL is the native utility token of the Filecoin network. It is used for various functions within the ecosystem, including paying for storage deals, incentivizing storage providers for their services, and earning rewards for contributing storage space.
Storage providers on the Filecoin network earn FIL by successfully storing data and proving its integrity over time. Users who need to store data on the network pay for these services using FIL. This creates a dynamic economy where supply and demand for storage influence the value and utility of the FIL token.
The Filecoin protocol is designed to be robust and scalable, accommodating a growing number of users and storage providers. The network's architecture allows for efficient data retrieval and storage operations, aiming to provide a competitive alternative to centralized cloud solutions.
One of the key aspects of Filecoin is its focus on data permanence and verifiability. The use of cryptographic proofs ensures that data stored on the network is not tampered with and can be reliably retrieved by its owners.
Filecoin can be accessed and utilized through various platforms and applications built on its network. These applications leverage Filecoin's decentralized storage capabilities for a wide range of use cases, from archival storage to hosting decentralized applications (dApps).
The project has seen development and integration across multiple blockchain ecosystems. The native Filecoin chain is the primary network, but FIL tokens also exist as wrapped tokens on other popular blockchains.
These include:
- Ethereum, where FIL is available as an ERC-20 token.
- BNB Smart Chain, where FIL is available as a BEP-20 token.
- FILEVM, which also supports native FIL functionality.
The presence of FIL on these diverse chains enhances its accessibility and interoperability within the broader cryptocurrency landscape.
Filecoin's mission extends beyond simple data storage. It aims to become a foundational layer for a more decentralized internet, enabling new forms of data sharing, content distribution, and application hosting that are resistant to censorship and single points of failure.
The decentralized nature of Filecoin means that data is distributed across numerous nodes, reducing the risk of data loss due to hardware failures or centralized service shutdowns.
By creating an open market for storage, Filecoin encourages competition, which can potentially lead to lower storage costs compared to traditional providers.
The project's ongoing development focuses on improving network performance, expanding its feature set, and fostering a vibrant ecosystem of developers and users.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the FILUSDT market feed.
About Gygaz: Gygaz is a crypto transfer intelligence project focused on exchanges, assets and networks. We structure routing, support and market context so users can compare how crypto moves between platforms.