Filecoin price

in USD
$2.180
-$0.033 (-1.50%)
USD
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Market cap
$1.51B #40
Circulating supply
692.96M / 1.96B
All-time high
$237.81
24h volume
$136.92M
3.9 / 5
FILFIL
USDUSD

About Filecoin

FIL, or Filecoin, is the cryptocurrency powering the Filecoin network, a decentralized storage solution designed to make data storage more secure, accessible, and cost-effective. Unlike traditional cloud storage providers, Filecoin uses blockchain technology to create a global marketplace where users can rent out unused storage space or pay for reliable, tamper-proof data storage. FIL serves as the medium of exchange within this ecosystem, incentivizing storage providers and ensuring the integrity of the network. Key applications include archiving critical data, supporting AI models, and enabling decentralized applications to store and retrieve information seamlessly. Filecoin’s focus on decentralization and transparency makes it a cornerstone for the future of data storage in Web3.
AI insights
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Last audit: 1 Jun 2020, (UTC+8)

Disclosures

Filecoin risk

This material is for informational purposes only and is not exhaustive of all risks associated with trading Filecoin. All crypto assets are risky, there are general risks in investing in Filecoin. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.

Investment Risk

The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.

Lack of Protections

Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.

Liquidity Risk

There is no guarantee that investments in crypto assets can be easily sold at any given time.

Complexity

Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.

Concentration Risk

Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.

Five questions to ask yourself

  1. Am I comfortable with the level of risk? Can I afford to lose my money?
  2. Do I understand the investment and could I get my money out easily?
  3. Are my investments regulated?
  4. Am I protected if the investment provider or my adviser goes out of business?
  5. Should I get financial advice?

Filecoin’s price performance

Past year
-43.62%
$3.87
3 months
-5.22%
$2.30
30 days
-5.67%
$2.31
7 days
-4.18%
$2.28

Filecoin on socials

日拱一卒王小楼💢🦅🟠 $FF
日拱一卒王小楼💢🦅🟠 $FF
Is anyone still using PoW in 2025? When I first saw Irys announce they would use PoW, my first reaction was: Are they serious? In 2025, Ethereum has long completed The Merge, Solana and Sui have been PoS from the start, and even the Bitcoin community is discussing whether to consider some form of proof of stake. In this era where PoS has become the industry consensus, Irys actually wants to use PoW? My first reaction was: Is this team out of their minds? But as I delved deeper, I realized: I was wrong, and wrong in a big way. Irys's choice is not retro, not stubborn, but a profound understanding of the essence of the problem. Why do we feel that PoW is "outdated"? Let me first explain why everyone thinks PoW is outdated. Over the years, PoW has been criticized mainly for several points: High energy consumption. Bitcoin's electricity consumption exceeds that of many countries, which is indeed a big problem in today's world where environmental awareness is growing. Poor scalability. PoW has slow block generation speed and low throughput, making it difficult to support large-scale applications. Centralization risk. Hash power is concentrated in large mining pools, which goes against the original intention of decentralization. So when Ethereum announced it would switch to PoS, the entire industry cheered: Finally, we are saying goodbye to this old, inefficient, high-energy-consuming mechanism! I thought the same way at the time. But data chains are not financial chains. It wasn't until I started researching Irys that I realized a neglected issue: Data chains and financial chains face completely different challenges. What is the core problem that financial chains need to solve? It is the confirmation and ordering of transactions. Who transfers first, who transfers later, does this money really exist—these are the problems that financial chains need to solve. For these issues, PoS is indeed a better choice. It is faster, more energy-efficient, and has better scalability. But what about data chains? The core problem that data chains need to solve is: how to prove that the data has really been stored? This is a completely different question. The fatal flaw of PoS in data storage. Let me tell you a story. Suppose you have a data storage chain that uses PoS. Someone uploads 1TB of data to your chain, how do you prove that this 1TB of data has really been stored? The most direct way is: to submit storage proofs regularly. Nodes must submit a proof to the chain at intervals, saying "I have indeed stored this data." This proof could be a hash value, or a Merkle tree root, in short, something verifiable. Sounds reasonable, right? But here comes the problem. If your chain stores 1PB of data, with 1000 nodes, and each node submits a storage proof once an hour, then there will be 1000 storage proof transactions every hour. In a day of 24 hours, that’s 24000 transactions. This is just for storage proofs, not including other transactions. Your blockchain will quickly be filled with storage proof transactions. Block space becomes very expensive, or you have to increase the block size, but that brings other problems. Worse, this is not the end. As the amount of stored data increases and the frequency of storage proofs rises, it will eventually reach a critical point: the chain simply cannot handle so many storage proof transactions. At this point, what will many projects do? They will "prune" historical data and host it in centralized databases. Yes, it’s cheaper, but this completely goes against the original intention of a data chain—decentralized storage. This is the fatal flaw of PoS in data storage scenarios. Irys's PoW: An elegant solution. Irys's approach is completely different. They treat PoW as a sampling mechanism. Let me explain what this means. In Irys's system, miners continuously generate storage proofs. But not every proof is submitted to the chain; only when a proof meets specific conditions (like a hash value being less than a target value) will it be packed into a block. This is like a sampling. The miner generates 1000 storage proofs, but only 1 is packed into a block. But the existence of that 1 proof proves that the miner indeed performed those 1000 validations. Because if the miner did not actually store the data, they would not be able to generate valid storage proofs, let alone happen to generate a proof that meets the conditions. This design is so elegant. It uses one proof on the chain to represent countless off-chain validations. The burden on the chain is greatly reduced, but the security is not compromised. This is why Irys can support large-scale data storage without being overwhelmed by storage proof transactions. But just having PoW is not enough. To be honest, if Irys only used PoW, I wouldn't be this excited. Because pure PoW also has problems. The biggest issue is: speculative play. In a pure PoW system, miners can constantly switch partitions, mining whichever partition is more profitable. This leads to network instability and can compromise the durability of storage. Irys's solution is to overlay a staking mechanism on top of PoW. For every 16TB partition, miners must stake a deposit to be eligible to participate in block production. This design has two clever aspects: First, it prevents account spamming for mining. If you want to mine by creating a large number of small accounts, sorry, each account must stake a deposit. This greatly increases the cost of attacks. Second, it solves the network propagation delay issue. Because of the staking, miners are more likely to store data long-term and stably, rather than frequently switching. This makes the network more stable and reduces propagation delays caused by nodes frequently entering and exiting. PoW + staking, this combination is executed beautifully. This reminds me of some past events. To be honest, Irys's design reminds me of many past events. I remember back in 2017, everyone was saying "blockchain can solve all problems." Supply chain, copyright protection, identity verification, everything had to be on-chain. At that time, everyone was using Ethereum or Ethereum forks. What happened? Most projects died. Why? Because they used the wrong tools. Ethereum was designed for financial applications; if you insist on using it for data storage, you will certainly encounter various problems. It’s like trying to hammer a nail with a screwdriver; of course, it won’t work. Tools must match the scenario. This principle is easy to say, but very few truly understand and practice it. Irys has shown me this understanding. They did not blindly follow the trend of PoS but seriously considered: for the data storage scenario, what is the most suitable consensus mechanism? The answer is PoW. Not because PoW is more advanced, but because PoW is more suitable. Data chains and financial chains: two different paths. This matter has made me rethink a question: should blockchains have different forms? In the past few years, we have been pursuing a "universal blockchain"—one chain to solve all problems. Ethereum wants to be the world computer, Solana wants to be a high-performance public chain, and every chain wants to be a universal infrastructure. But perhaps, this direction itself is wrong. Perhaps different application scenarios require different blockchain architectures. Financial applications need fast confirmation and high throughput; PoS is more suitable. Data storage needs durability proof and large-scale expansion; PoW + staking is more suitable. Computationally intensive applications may require other consensus mechanisms. Blockchains should not be a universal solution but a toolbox. Different problems require different tools. What does this mean for the industry? What insights does Irys's choice provide for the entire industry? I think there are three points: First, do not blindly follow trends. PoS is a trend, but it is not the only answer. In specific scenarios, "outdated" technology may be the most suitable. Second, deeply understand the essence of the problem. Irys was able to make this choice because they deeply understood the fundamental challenges of data storage. If you only superficially look at "PoW consumes a lot of energy, PoS is more environmentally friendly," you will never think of this solution. Third, innovation often comes from combinations. Irys did not invent a new consensus mechanism; they cleverly combined PoW and staking. Innovation does not always start from scratch; sometimes it’s about combining existing things in new ways. My personal judgment. To be honest, I don’t know if Irys will ultimately succeed. Data storage is a fiercely competitive field, with Filecoin, Arweave, and Storj having been deeply involved for many years. As a newcomer, Irys has a tough road ahead to prove itself. But what I do know is: Irys's technical choice is correct. They were not trapped by the narrative that "PoS is the future" but chose the most suitable technical solution based on their own needs. This ability to think independently is too rare in this industry filled with FOMO and FUD. Perhaps true innovation is not about chasing the latest technology but finding the most suitable technology. Final thoughts. As I finished writing this article, I suddenly thought of a question: Ten years from now, when we look back at the blockchain industry of 2025, how will we evaluate Irys's choice? Perhaps at that time, everyone will say: "Of course, using PoW for data chains is common sense; what’s there to discuss?" But in 2025, this choice requires tremendous courage. Because you have to withstand the doubts of being "backward" and "retro" and stick to what you believe is the right direction. This reminds me of a saying: truth is often held by a minority. Not because the minority is smarter, but because they are willing to think independently, willing to question consensus, and willing to bear the risk of being misunderstood. Irys has done this. And this may be more valuable than the technology itself. Written on September 30, 2025. In this era where everyone is embracing PoS, I salute those who dare to stick to their judgment.
Charlie
Charlie
$Launchcoin running hard - up nearly 50%. Love to see it.
Charlie
Charlie
$Bert $XPL $Launchcoin All sending. Spaghetti is too powerful.
Filecoin
Filecoin
.@BacalhauProject makes Filecoin more than storage. Compute tasks run directly where the data lives, often on storage providers’ own hardware. This use of co-located resources saves time, avoids heavy data transfers, and supports efficient decentralized processing.

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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 $2.180. 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.

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Market cap
$1.51B #40
Circulating supply
692.96M / 1.96B
All-time high
$237.81
24h volume
$136.92M
3.9 / 5
FILFIL
USDUSD
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