24 hour low
$4.336
24 hour high
$4.720
Market cap ranking
#46
Market cap
$2.79B
24 hour volume
$185.66M
Circulating supply
624.94M
Total supply
0
The current price of Filecoin is $4.471, with a 24-hour trading volume of $185,660,979.83. In the last 24 hours, the price of Filecoin decreased by −4.13%. With a circulating supply of 624,939,611 FIL Filecoin's market cap stands at $2,794,141,900.90. Currently, Filecoin ranks #46 by market cap.
Filecoin is a decentralized storage network that was created in 2020. It is built on top of the InterPlanetary File System (IPFS) and aims to provide a secure and decentralized infrastructure for the storage and retrieval of data. The purpose of Filecoin is to provide a secure and decentralised infrastructure for the storage and retrieval of data, enabling individuals and organisations to store and access their data in a secure and decentralised manner. One of the key features of Filecoin is its incentivised storage network, which provides an economic model that incentivises individuals and organizations to contribute storage resources to the network in exchange for compensation in the form of Filecoin tokens. This incentivized storage network provides a scalable solution for the storage and retrieval of data, enabling users to store and access their data on a secure and decentralised infrastructure. In addition to its incentivised storage network, Filecoin also provides a suite of tools and services to support the development and deployment of decentralised applications and services that require secure and scalable storage and retrieval of data.