#30 / InfrastructurefilecoinPartially verified
Filecoin
An incentive layer turning spare disk space into a storage market.
Token
FIL
Sector
Decentralized storage
Category
Infrastructure
Organizations
0
Coverage
9/11
Live market data
FIL market
CoinGecko data; may be delayed.
Tokenomics
No declared max supply: no FDV is computable, supply follows demand.
- Circulating supply
- 838.49M
- Total supply
- 1.96B
- Max supply
- No cap
42.8% of the achievable supply is already circulating.
All-time high (ATH)
$236.84 -99.62% · Apr 1, 2021
Source: CoinGecko, snapshot of Oct 27, 2026. Figures may be delayed.
On-chain fundamentals
This asset is not mapped to a DefiLlama-tracked protocol or chain, or the provider reports no data for it. When a verified mapping exists, the table appears here.
Why it matters
Filecoin builds an economic market on top of IPFS: storage providers commit disk capacity and continuously prove they still hold the data they were paid to keep, using cryptographic proofs rather than trust. It is one of the largest DePIN networks by committed capacity, and its more recent direction has extended toward compute over stored data rather than storage alone.
General research guidance, not analysis specific to this asset. Detail is pending.
Track the real organization or foundation behind the token, not just the ticker.
Separate token utility from price action before building a position.
Compare network usage, liquidity, incentives, and governance quality against nearby competitors.
How it works
Filecoin is a decentralized storage market: providers pledge FIL as collateral and continuously prove they hold client data via proof-of-replication and proof-of-spacetime; clients pay for storage and retrieval in FIL. The FVM adds smart contracts for storage markets, data DAOs and decentralized lending markets.
Token utility
Payment for storage deals between clients and providers
Collateral staked by storage providers
Governance and network participation
Value capture
FIL demand comes from three places: collateral pledges that lock supply, gas, and deal payments. Because growing storage capacity requires locking more collateral, network growth directly absorbs circulating FIL — the closest thing a storage protocol has to a value loop.
Supply and issuance
FIL has a 2 billion max supply with issuance following a minting curve tied to a storage-power baseline: most of the supply vests over decades, aligned with network growth rather than a calendar. Pledge collateral and slashed FIL further reduce float.
Governance
Changes move through Filecoin Improvement Proposals (FIPs): public drafting, community calls, and on-chain signaling votes by FIL holders before core teams implement. Protocol Labs and the Filecoin Foundation fund development, a centralized-but-transparent model.
Key risks
Paid demand has historically lagged far behind committed capacity
Competes with cheap, reliable centralized cloud storage
Provider economics depend on token price and collateral costs
Frequently asked questions
How does Filecoin relate to IPFS?
IPFS is the content-addressing protocol; Filecoin is the economic layer that pays for guaranteed, verifiable storage of that content. You can store on IPFS for free with no guarantees, or pay Filecoin providers to store it with cryptographic proof.
Why would storage providers lock up FIL?
Collateral is their skin in the game: it secures against misbehavior (data loss triggers slashing) and qualifies them for block rewards. It also happens to lock supply, which is why storage growth is structurally FIL-bullish.
References
Last verified:
- Filecoin | World's Largest Decentralized Storage Network for Humanity's Data
Filecoin · filecoin.io · primary source
The project's official site, retrieved on the date shown, supporting how it describes itself. It does not establish supply, governance or issuance mechanics.
Accessed
Linked organizations
MapPending linkage to a concrete organization on the map.
Relationships
Developed by
Protocol Labs
Protocol Labs originated the Filecoin project and continues to support its open-source technology network.
Relationship documented by the official source.
Related to
Render
Adjacent asset in the same research context.
Directory suggestion, pending verification.
Related to
Ethereum
Adjacent asset in the same research context.
Directory suggestion, pending verification.
Related to
The Graph
Adjacent asset in the same research context.
Directory suggestion, pending verification.
