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FIL

Filecoin Price Today - FIL Live Charts

$ 0.887111 Ƀ 0.00001275
  • MarketCap
    $ 676,593,440
  • Volume
    $ 68,194,101
  • Change
    -3.05%
filecoinFilecoin
$ 0.887111
$ 0.887111
3.05%
0,77384
FIL
Filecoin (FIL)
$ 0.887111
FIL
Filecoin (FIL)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on January 08, 2023 | 3 min
Updated on May 02, 2024

Overview: What Is Filecoin (FIL)?

Filecoin (FIL) is the native cryptocurrency of the Filecoin network. Filecoin is a peer-to-peer network for file storage. The network lets anyone store their data or host client’s digital information using their hardware. The FIL token is used to pay for these services and helps validate and secure the network.

 

What Makes Filecoin Unique?

Filecoin is a decentralized storage network (DSN). Protocol Labs published the Filecoin whitepaper before raising $250 million in a successful initial coin offering (ICO) in 2017 to fund the development.

Filecoin, in essence, creates a marketplace for unused storage capacity. Users who want to store or retrieve data pay miners to do so, and the miners must provide proof of storage. Storage clients and miners can interact to negotiate storage deals, and both clients and miners can set their requirements and offers. Storage is one market on the network, and retrieval is another. Users pay miners to retrieve their data, and the miners are rewarded for providing quick, easy access to the data.

 

How old is Filecoin?

The idea behind Filecoin was published in a whitepaper by computer scientist Juan Benet in 2014. The ICO was in 2017, and the Filecoin mainnet launched at the end of 2020. Filecoin has since become a popular decentralized storage network that the non-profit Filecoin Foundation governs.

 

What is Filecoin Used For, and How Does Filecoin Work?

The Filecoin (FIL) token is used by clients to pay for data storage and data retrieval and to reward miners for providing storage and retrieval. To stake FIL means becoming a storage miner, so miners acquire FIL to stake and earn FIL coins by providing storage. Miners operate by installing software, connecting their storage capacity, and becoming a Filecoin node. Although mining is open to everyone, it can take a significant investment in FIL and hardware to provide storage.

 

How Many Filecoin (FIL) Coins are Out There?

There are around 465 million Filecoin (FIL) coins in circulation and a maximum supply of 2 billion FIL. However, the maximum supply of FIL won’t be reached as FIL are burnt as gas fees and as penalties and removed from the circulating supply. 70% of FIL is allocated to mining rewards, which will be issued over time. The rate of FIL issued will decline over time as the network matures.

 

How is the Filecoin Network Secured?

Filecoin uses proof-of-replication (PoRep) and proof-of-spacetime (PoSt) consensus mechanisms to validate transactions and make sure that files are securely stored and retrievable. PoRep proves that a miner has replicated data correctly. PoSt proves that data has been stored for the time period agreed. Both consensus mechanisms are essential for securing the data and protecting the platform’s integrity.

 

Where Can I Buy Filecoin (FIL)?

Filecoin (FIL) has been around for some time, and the decentralized storage project has a good reputation, so FIL is listed on many major exchanges, including Coinbase, Binance, Kraken, OKX, and Huobi.

 

Filecoin Coin Price Prediction 2025

It’s difficult to accurately predict the price of cryptocurrencies, and a Filecoin coin price prediction is no different. At the time of writing FIL coin price is $4.60, and the cryptocurrency is 29th by market capitalization. Filecoin coin price predictions for 2025 are anywhere between $12.29 and $29.15.

 

FAQs

Is Filecoin a good investment?

As with any cryptocurrency, deciding if a coin is a good investment requires research into the entire cryptocurrency market and the influences of crypto prices, as well as an investor understanding their own risk tolerance. Filecoin (FIL) price has seen similar volatility to other cryptos. FIL reached its all-time-high coin price of $186.46 in January 2021. The decentralized storage project the coin supports is complex but popular with users and miners.

 

Does Filecoin have a future?

Filecoin (FIL) has utility in the decentralized storage network of Filecoin and is widely traded. Filecoin is working on new developments to try to secure its future in decentralized storage, but it does have challenges of both adoption and security to overcome, as well as competition from other decentralized storage networks.

 

Is Filecoin risky?

All cryptocurrencies are inherently incredibly risky. Digital assets and blockchain technologies are still new and mostly unregulated. Filecoin (FIL) is bought, sold, and traded as an asset but also has essential utility in the Filecoin platform. Whether Filecoin (FIL) is a risk will depend on the coin’s performance, the market, the technology, and the investor’s strategy.

 

Who uses Filecoin?

Filecoin (FIL) is bought, sold, and traded by cryptocurrency traders and investors. It is also used significantly within the Filecoin decentralized storage network for users to pay for services, for miners as a reward for their activities, and as part of the consensus protocols that secure the network.

 

What is the alternative to Filecoin?

Filecoin does have competitors in the decentralized storage market, including Impossible Cloud, BitTorrent, Sia, Functionland, and ArDrive. Outside of blockchain technologies, Filecoin competes with cloud storage providers who dominate the data storage market.

 

Is Filecoin listed on Binance?

Yes, Filecoin (FIL) is available on the Binance cryptocurrency exchange as well as other major exchanges, including Coinbase, Binance, Kraken, OKX, and Huobi.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
bitcoinBitcoin
$ 69,578.00
$ 69,578.00
2.84%
mezo-wrapped-btcMezo Wrapped BTC
$ 76,504.00
$ 76,504.00
2.26%
osmosis-allbtcOsmosis allBTC
$ 65,107.00
$ 65,107.00
7.97%
near-intents-bridged-btcNEAR Intents Bridged BTC
$ 76,120.00
$ 76,120.00
3.46%
bitcoin-baseBitcoin Base
$ 0.009043
$ 0.009043
3.04%
bitcoin-second-chanceBitcoin Second Chance
$ 0.007658
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29.83%
bitcoin-ai-2Bitcoin AI
$ 0.002229
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0.56%
batcatbatcat
$ 0.000014
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0.28%
bobby-the-cat-2Bobby The Cat
$ 0.000001
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5.1%
big-tom-coinBig Tom Coin
$ 0.000007
$ 0.000007
3.62%
bobby-the-catBobby The Cat
$ 0.000005
$ 0.000005
0%
ethereumEthereum
$ 2,118.34
$ 2,118.34
3.96%
bridged-wrapped-ether-starkgateBridged Ether (StarkGate)
$ 2,241.79
$ 2,241.79
5.41%
osmosis-allethOsmosis allETH
$ 1,901.46
$ 1,901.46
10.12%
near-intents-bridged-ethNEAR Intents Bridged ETH
$ 2,263.51
$ 2,263.51
3.44%
krown-bridged-eth-krownKrown Bridged ETH (Krown)
$ 2,230.59
$ 2,230.59
4.51%
bridged-binance-peg-ethereum-opbnbBridged Binance-Peg Ethereum (opBNB)
$ 2,295.93
$ 2,295.93
2.39%
the-ticker-is-ethThe Ticker Is ETH
$ 0.000017
$ 0.000017
0.43%
tetherTether
$ 1.00
$ 1.00
0.01%
cronos-bridged-usdt-cronosCronos Bridged USDT (Cronos)
$ 1.00
$ 1.00
0.06%
bridged-tether-opbnbopBNB Bridged USDT (opBNB)
$ 0.99871
$ 0.99871
0.05%
eni-bridged-usdt-eniENI Bridged USDT (ENI)
$ 1.00
$ 1.00
0.48%
bridged-tether-lineaLinea Bridged USDT (Linea)
$ 0.999053
$ 0.999053
0.02%
injective-bridged-usdt-injectiveInjective Bridged USDT (Injective)
$ 0.998576
$ 0.998576
0.04%
l2-standard-bridged-usdt-baseL2 Standard Bridged USDT (Base)
$ 0.998486
$ 0.998486
0.02%
bridged-tether-scrollScroll Bridged USDT (Scroll)
$ 0.99737
$ 0.99737
0.04%
kucoin-bridged-usdt-kucoin-community-chainKCC Bridged USDT (Kucoin Community Chain)
$ 1.00
$ 1.00
0.71%
polygon-hermez-bridged-usdt-x-layerPolygon Hermez Bridged USDT (x Layer)
$ 0.998576
$ 0.998576
0.04%
bridged-tether-starkgateStarkGate Bridged USDT (StarkNet)
$ 0.997749
$ 0.997749
0.11%
tether-pulsechainPulsechain Bridged USDT (Pulsechain)
$ 1.00
$ 1.00
0.15%
morph-l2-bridged-usdt-morph-l2Morph L2 Bridged USDT (Morph L2)
$ 0.998563
$ 0.998563
0.05%
abstract-bridged-usdt-abstractAbstract Bridged USDT (Abstract)
$ 0.998435
$ 0.998435
0.04%
mapped-usdtMap Bridged USDT (Map)
$ 1.00
$ 1.00
0.34%
gnosis-xdai-bridged-usdt-gnosisxDai Bridged USDT (Gnosis)
$ 0.999349
$ 0.999349
0.07%
sophon-bridged-usdt-sophonSophon Bridged USDT (Sophon)
$ 0.9994
$ 0.9994
0.02%
krown-bridged-usdt-krownKrown Bridged USDT (Krown)
$ 0.998735
$ 0.998735
0.08%
stargate-bridged-usdtStargate Bridged USDT
$ 1.00
$ 1.00
0.43%
celer-bridged-usdt-confluxCeler Bridged USDT (Conflux)
$ 1.01
$ 1.01
1.07%
hashkey-bridged-usdt-hashkeyHashKey Bridged USDT (HashKey)
$ 0.998576
$ 0.998576
0.05%
osmosis-allusdtOsmosis allUSDT
$ 0.997971
$ 0.997971
0.02%
kaia-bridged-usdt-kaiaWormhole Bridged USDT (Kaia)
$ 0.999975
$ 0.999975
0.47%
near-intents-bridged-usdtNEAR Intents Bridged USDT
$ 0.998124
$ 0.998124
0.19%
bridged-usdt-coreCoreDAO Bridged USDT (Core)
$ 1.00
$ 1.00
0.34%
layerzero-bridged-usdt-etherlinkEtherlink Bridged USDT (Etherlink)
$ 0.999231
$ 0.999231
0.01%
sonic-bridged-usdt-sonicSonic Gateway Bridged USDT (Sonic)
$ 0.998689
$ 0.998689
0.02%
polygon-hermez-bridged-usdt-polygon-zkevmPolygon Hermez Bridged USDT (Polygon zkEVM)
$ 0.998661
$ 0.998661
0.05%
xone-bridged-usdt-xoneRainLink Bridged USDT (Xone)
$ 0.998518
$ 0.998518
0.05%
tac-bridged-usdt-tacTAC Bridged USDT (TAC)
$ 0.998576
$ 0.998576
0.15%
celer-bridged-usdt-astarCeler Bridged USDT (Astar)
$ 0.990429
$ 0.990429
0.9%
redbelly-bridged-usdt-redbellyReddex Bridged USDT (Redbelly)
$ 0.998613
$ 0.998613
0.05%
thundercore-bridged-usdt-thundercoreThundercore Bridged USDT (Thundercore)
$ 0.999036
$ 0.999036
0.04%
lisk-bridged-usdtLisk Bridged USDT (Lisk)
$ 0.999245
$ 0.999245
0.25%
units-network-bridged-usdt-units-networkUnit Zero Network Bridged USDT (Unit Zero Network)
$ 0.998587
$ 0.998587
0.04%
symbiosis-bridged-usdt-bahamutSymbiosis Bridged USDT (Bahamut)
$ 0.96722
$ 0.96722
0.31%
mode-bridged-usdt-modeMode Bridged USDT (Mode)
$ 0.990536
$ 0.990536
0.46%
zircuit-bridged-usdt-zircuitZircuit Bridged USDT (Zircuit)
$ 0.993025
$ 0.993025
0.33%
bob-network-bridged-usdt-bob-networkBOB Network Bridged USDT (BOB Network)
$ 0.99856
$ 0.99856
0.05%
soneium-bridged-usdt-soneiumSoneium Bridged USDT (Soneium)
$ 0.995781
$ 0.995781
0.19%
beam-bridged-usdt-beamBeam Bridged USDT (Beam)
$ 1.01
$ 1.01
0.92%
shimmerbridge-bridged-usdt-shimmerevmShimmerBridge Bridged USDT (ShimmerEVM)
$ 0.998576
$ 0.998576
0.05%
unichain-bridged-usdt-unichainUnichain Bridged USDT (Unichain)
$ 0.996799
$ 0.996799
0.08%
nova-tether-usdNova Merged USDT (zkLink)
$ 1.00
$ 1.00
0%
bridged-tether-fuseFuse Bridged USDT (Fuse)
$ 0.996011
$ 0.996011
0.11%
viction-bridged-usdtArken Bridged USDT (Viction)
$ 0.998593
$ 0.998593
0.05%
areon-bridged-usdt-areon-networkAreum Bridged USDT (Areum Network)
$ 0.978468
$ 0.978468
1.16%
pundi-aifx-omnilayer-bridged-usdt-pundi-aidx-omnilayerPundi AIFX Omnilayer Bridged USDT (Pundi AIFX Omnilayer)
$ 0.998576
$ 0.998576
0.05%
taraxa-bridged-usdt-taraxaFicus Root Bridged USDT (Taraxa)
$ 0.998577
$ 0.998577
0.02%
usd-coinUSDC
$ 0.999996
$ 0.999996
0.02%
binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain)
$ 0.999945
$ 0.999945
0.02%
bridged-usd-coin-starkgateStarkGate Bridged USDC (Starknet)
$ 0.999674
$ 0.999674
0.01%
cronos-bridged-usdc-cronosCronos Bridged USDC (Cronos)
$ 0.999567
$ 0.999567
0.54%
bridged-usd-coin-lineaLinea Bridged USDC (Linea)
$ 1.00
$ 1.00
0.4%
bridged-usd-coin-scrollBridged USD Coin (Scroll)
$ 0.998592
$ 0.998592
0.35%
zksync-bridged-usdc-zksynczkSync Bridged USDC (zkSync)
$ 0.999696
$ 0.999696
0%
mantle-bridged-usdc-mantleMantle Bridged USDC (Mantle)
$ 1.01
$ 1.01
0.57%
gnosis-xdai-bridged-usdc-gnosisGnosis xDAI Bridged USDC (Gnosis)
$ 0.999695
$ 0.999695
0%
layerzero-bridged-usdc-etherlinkEtherlink Bridged USDC (Etherlink)
$ 0.999617
$ 0.999617
0.01%
ccip-bridged-usdc-roninCCIP Bridged USDC (Ronin)
$ 1.00
$ 1.00
0.05%
usd-coin-pulsechainBridged USD Coin (PulseChain)
$ 1.00
$ 1.00
0.29%
polygon-hermez-bridged-usdc-x-layerPolygon Hermez Bridged USDC (X Layer)
$ 1.00
$ 1.00
0.12%
sx-rollup-bridged-usdc-sx-rollupSX Rollup Bridged USDC (SX Rollup)
$ 0.999695
$ 0.999695
0%
initia-bridged-usdc-initiaInitia Bridged USDC (Initia)
$ 0.999695
$ 0.999695
0%
near-intents-bridged-usdcNEAR Intents Bridged USDC
$ 0.999938
$ 0.999938
0.02%
layerzero-bridged-usdc-aptosLayerZero Bridged USDC (Aptos)
$ 1.00
$ 1.00
0.01%
wanchain-bridged-usdc-cardanoWanchain Bridged USDC (Cardano)
$ 1.00
$ 1.00
0.18%
multichain-bridged-usdc-fantomMultichain Bridged USDC (Fantom)
$ 0.018781
$ 0.018781
3.39%
celer-bridged-usdc-astarCeler Bridged USDC (Astar)
$ 0.999782
$ 0.999782
0%
bridged-usdc-immutable-zkevmBridged USDC (Immutable zkEVM)
$ 1.00
$ 1.00
0.48%
rainbow-bridged-usdc-auroraRainbow Bridged USDC (Aurora)
$ 1.00
$ 1.00
0.22%
rollux-bridged-usdc-rolluxRollux Bridged USDC (Rollux)
$ 0.999608
$ 0.999608
0.01%
cronos-zkevm-bridged-usdc-cronos-zkevmCronos zkEVM Bridged USDC (Cronos zkEVM)
$ 0.996467
$ 0.996467
0.33%
sophon-bridged-usdc-sophonSophon Bridged USDC (Sophon)
$ 0.999714
$ 0.999714
0.01%
taiko-bridged-usdc-taikoTaiko Bridged USDC (Taiko)
$ 1.00
$ 1.00
0.37%
bridged-usd-coin-manta-pacificBridged USD Coin (Manta Pacific)
$ 1.00
$ 1.00
0.03%
kucoin-bridged-usdc-kucoin-community-chainKCC Bridged USDC (KuCoin Community Chain)
$ 1.00
$ 1.00
1.51%
saga-bridged-usdc-sagaSquid Bridged USDC (Saga)
$ 0.99978
$ 0.99978
0%
polygon-hermez-bridged-usdc-polygon-zkevmPolygon Hermez Bridged USDC (Polygon zkEVM)
$ 0.995039
$ 0.995039
0.14%
morph-l2-bridged-usdc-morph-l2Morph L2 Bridged USDC (Morph L2)
$ 0.995469
$ 0.995469
0.68%
celer-bridged-usdc-confluxCeler Bridged USDC (Conflux)
$ 0.997995
$ 0.997995
0.84%
eclipse-bridged-usdc-eclipseEclipse Bridged USDC (Eclipse)
$ 0.999689
$ 0.999689
0%
bifrost-bridged-usdc-bifrostBifrost Bridged USDC (Bifrost)
$ 0.999572
$ 0.999572
0.03%
beam-bridged-usdc-beamBeam Bridged USDC (Beam)
$ 1.00
$ 1.00
0.22%
synapse-bridged-usdc-elastosSynapse Bridged USDC (Elastos)
$ 0.996235
$ 0.996235
2.49%
mode-bridged-usdc-modeMode Bridged USDC (Mode)
$ 0.998012
$ 0.998012
0.18%
bridged-usdc-coreCoreDAO Bridged USDC (Core)
$ 1.00
$ 1.00
0.1%
zero-network-bridged-usdc-zero-networkZero Network Bridged USDC (Zero Network)
$ 0.999717
$ 0.999717
0.01%
mantra-bridged-usdc-mantraMantra Bridged USDC (Mantra)
$ 0.999721
$ 0.999721
0.01%
official-arbitrum-bridged-usdc-arbitrum-novaArbitrum Bridged USDC (Arbitrum Nova)
$ 1.01
$ 1.01
0.11%
hyperlane-bridged-usdc-mantra-evmHyperlane Bridged USDC (Mantra EVM)
$ 0.999721
$ 0.999721
0.01%
nomad-bridged-usdc-moonbeamNomad Bridged USDC (Moonbeam)
$ 0.145069
$ 0.145069
0.42%
force-bridge-usdcBridged USD Coin (Force Bridge)
$ 0.995255
$ 0.995255
0%
ima-bridged-usdc-skaleSkale IMA Bridged USDC (Skale)
$ 0.994185
$ 0.994185
0.56%
celer-bridged-usdc-filecoinCeler Bridged USDC (Filecoin)
$ 1.00
$ 1.00
0.12%
symbiosis-bridged-usdc-bahamutSymbiosis Bridged USDC (Bahamut)
$ 0.999549
$ 0.999549
0.02%
edu-chain-bridged-usdc-edu-chainArbitrum Bridged USDC (EDU Chain)
$ 0.999705
$ 0.999705
0%
wormhole-bridged-usdc-fantomWormhole Bridged USDC (Fantom)
$ 0.131182
$ 0.131182
0%
thundercore-bridged-usdc-thundercoreThundercore Bridged USDC (Thundercore)
$ 0.9968
$ 0.9968
0.3%
nova-usdczkLink Nova Merged Bridged USDC (zkLink Nova)
$ 1.00
$ 1.00
0.04%
fraxtal-bridged-usdc-fraxtalFraxtal Bridged USDC (Fraxtal)
$ 0.999549
$ 0.999549
0.03%
shido-bridged-usdcShido Bridged USDC (Shido)
$ 0.999549
$ 0.999549
0.03%
bridged-usdc-chainportChainport Bridged USDC (Humanode)
$ 0.99972
$ 0.99972
0.01%
superseed-bridged-usdc-superseedSuperseed Bridged USDC (Superseed)
$ 0.999473
$ 0.999473
0.02%
q-bridged-usdc-q-mainnetQ Bridged USDC (Q Mainnet)
$ 0.888422
$ 0.888422
0%
sanko-bridged-usdc-sankoSanko Bridged USDC (Sanko)
$ 0.987324
$ 0.987324
2.73%
energi-bridged-usdc-energiEnergi Bridged USDC (Energi)
$ 0.999698
$ 0.999698
0.01%
celer-bridged-usdc-oasysCeler Bridged USDC (Oasys)
$ 0.942703
$ 0.942703
0%
multichain-bridged-usdc-moonbeamMultichain Bridged USDC (Moonbeam)
$ 0.018052
$ 0.018052
7.04%
multichain-bridged-usdc-dogechainMultichain Bridged USDC (Dogechain)
$ 0.033049
$ 0.033049
0.01%
cardanoCardano
$ 0.264478
$ 0.264478
2.96%
binance-peg-cardanoBinance-Peg Cardano
$ 0.296226
$ 0.296226
0.63%
binance-peg-busdBinance-Peg BUSD
$ 1.00
$ 1.00
0.05%
binance-usdBUSD
$ 0.991016
$ 0.991016
1.14%