Fundamentals

Today's Low

2.75

$2.83

Today's High

2.85

Price & Market Stats

Filecoin Price	$2.83
24h High / 24h Low	$2.75 / $2.85
Trading Volume	$104,934,383.00
Price Change (24h)	$0.05
Price Change Percentage (24h)	1.867%
Market Cap Rank	#63

Market Cap	$1,879,289,587.00
Market Cap Change (24h)	$34,985,502.00
Market Cap Change Percentage (24h)	1.897%
Volume / Market Cap	0.0558
All-Time High	$236.84
All-Time Low	$2.14

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What Is Filecoin?

Filecoin is a decentralized storage network that allows users to rent and buy cloud storage space securely. It ensures data integrity through cryptographic proofs and incentivizes storage providers with FIL tokens.

Who Are the Founders of Filecoin?

Juan Benet, founder of Protocol Labs.

What Makes Filecoin Unique?

Filecoin offers decentralized cloud storage that is censorship-resistant and cost-efficient compared to traditional providers.

How Is the Filecoin Network Secured?

Uses Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt) to verify and secure data.

What Is Filecoin’s Role in the Crypto Ecosystem?

Enables decentralized data storage solutions, reducing dependence on centralized providers like Google Drive.

How Is Filecoin’s Technology Upgraded?

Uses Filecoin Improvement Proposals (FIPs) for technical upgrades.

Who Are the Largest Corporate Holders of Filecoin?

No major corporate holders are publicly disclosed.

Frequently Asked Questions

Is Filecoin Legal?

Yes, follows blockchain storage regulations.

Can Filecoin Be Hacked?

Storage is cryptographically secure, but individual providers may be at risk.

Can I Use Filecoin for Everyday Purchases?

Filecoin is used for storage payments, not daily transactions.

Guides

Buying Guide for Filecoin

Staking Guide for Filecoin

Tokenomics

Explore the economic structure behind Filecoin. Understand the distribution of tokens, supply dynamics, and key economic indicators shaping market performance: Analyzing these elements helps investors understand Filecoin's long-term sustainability, potential scarcity, and economic incentives driving its value. Review the chart above for detailed token metrics and distribution insights.

Team

Juan Benet

Founder & CEO

Juan Benet is an American computer scientist who graduated from Stanford University in 2012. From January 2010 to December 2011 he was CTO at Loki Studios, where he led the development of the location-based multiplayer mobile game Geomon. The company was eventually acquired by Yahoo. Benet established Protocol Labs in May 2014, and developed IPFS, Filecoin and other projects in the summer of 2014.