Filecoin is a blockchain-based peer-to-peer digital storage marketplace. You can rent out the unused hard disk space on the protocol created by Protocol Labs, INC. Protocol Labs, INC is founded in San Francisco by Stanford graduate Juan Bennet. Filecoin's protocol is a key improvement in decentralized internet by providing an option for cloud storage services in competition with big corporates.
With a total market cap of over $1.49 billion, Filecoin is the No. 32 cryptocurrency by market size. The currency symbol for Filecoin is FIL. There will only ever be 1.96 billion Filecoin tokens issued. So far 451 million tokens (23% of the total supply) have been issued.
Filecoin here refers to the mainnet token that went live approximately 15 October 2020 at 14:45 UTC.
We found crypto protocols offering up to 26.1% APY on Filecoin deposits (3.5% APY CeFi, 26.1% APY DeFi) and loans as low as 11.6% APY against Filecoin used as collateral. Check out our Filecoin staking yields table and Filecoin loan rates table for further details.
The technical price analysis for Filecoin below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Filecoin.
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Filecoin FAQs
QWhat was the highest price that Filecoin ever reached?
AThe highest price that Filecoin ever reached was $236.84 USD. This all time high price occured on 1 Apr 2021.
QWhat was the lowest price that Filecoin ever reached?
AThe lowest price that Filecoin ever reached was $2.64 USD. This all time low price occured on 16 Dec 2022.
QDoes Filecoin have a Reddit channel?
AYes you can find the Filecoin Reddit channels at .
QIs Filecoin mineable?
AYes Filecoin is mineable which means that new coins can be created by miners working on the network.
QWhat ecosystem is Filecoin part of?
AFilecoin is part of the Filecoin ecosystem.
QIs it possible to stake Filecoin to generate passive income?
AYes, staking is available for Filecoin on a number of platforms. For a full list of Filecoin staking yields see our list of Filecoin staking yields.
QHow much can I earn staking Filecoin?
AYou can earn up to 26.1% APY by staking your Filecoin tokens. Check out our Filecoin staking yields table for further details.
QWhere is the best place to stake Filecoin?
ARight now the best staking rates are on Gamma with an income rate of up to 26.1% APY.
QWhat is the difference between CeFi and DeFi staking rates for Filecoin?
AThe best CeFi staking rate that we could find for Filecoin is on YouHodler with an income rate of up to 3.5% APY and the best DeFi staking rate is on Gamma with an income rate of up to 26.1% APY.
QIs it a good time to buy Filecoin?
AYou can check the technical indicators for Filecoin on the Filecoin Price Trend tab. These indicators are based on the analysis of multiple trading signals for Filecoin.
QWhere is the best place to buy Filecoin?
AYou can find the cheapest exchange on which to buy Filecoin on the Filecoin Buy tab.
QCan you get a Filecoin loan without collateral?
AAlmost all Filecoin loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Filecoin flash loans which allow you to borrow uncollateralised Filecoin for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Filecoin loans on the Filecoin Loans tab.
QWhich venture capital firms have invested in Filecoin?
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