Is filecoin far from 1000u?

Source: W3C DAO

As we all know, Filecoin is a decentralized storage network that uses blockchain technology and cryptocurrency (FIL) to motivate file storage and retrieval transactions between users and miners.Filecoin’s goal is to create a public storage market with openness, competition, reliable, and self -repair to provide infrastructure for Web3.0.The Filecoin and IPFS protocol complement each other to jointly build a distributed Internet.

Recently, the Filecoin storage network has made various data in various data, and its token prices have also risen.

Is there still a chance for Filecoin in this round of bull market?Is there any hope of 1000u target?Let us read the latest research report of Messari with this question.

MESSARI’s latest report shows:

Filecoin’s storage market continues to grow in the fourth quarter of 23 years.Active transaction volume increased by 23%month -on -month, an increase of 414%year -on -year.At the same time, the storage utilization rate increased from 13%to Q3’23 to 18%of Q4’23, because Filecoin’s storage capacity continued to decrease by 15%month -on -month.

As of the end of 2023, more than 1,800 customers have loaded data sets on Filecoin, of which 465 data sets have exceeded 1,000 TIB.10%month -on -month, a year -on -year increase of 196%.

Filecoin virtual machine (FVM) brings Ethereum smart contracts to achieve new use cases.Since the launch of FVM in March 2023, to the end of 2023, TVL has exceeded $ 230 million.

The proposal to deploy the Uniswap V3 on FVM has been successfully implemented and may usher in a new stage of DEFI applications based on the Filecoin network.

The launch of the FIP0001V2 community plan is to improve and expand the Filecoin improvement process (FIP) and governance processes.

Key indicator

Performance analysis

Filecoin blockchain is used to store data from both sides:

Demand party, that is, storage users who need data storage

Suppliers, storage providers with excess network capacity.

trade

In the fourth quarter of 23 years, Filecoin continued to use decentralized storage through active transaction growth.Through active transactions in the fourth quarter of 2023, nearly 1,700 Pib is stored on the Filecoin network.1,400 PIB in the third quarter of 2023 increased by 23%month -on -month, and 332 PIB in the 4th quarter of the 22nd increased by more than 4 times year -on -year.

At the same time, the daily new transaction volume has continued to increase in the past four consecutive quarters, and has decreased by 26%month -on -month.Although it is still positive, the slowdown in the growth of new transactions corresponds to the overall decrease in the reward of storage provider (as described in the later supplier’s income).In addition, the increase in new transactions corresponds to the increase in Filecoin network utilization.

Utilization and capacity

Compared with the total available storage capacity from 12.6% in the third quarter of 2023 to 17.6% of the total available storage capacity from the total available storage capacity.Although this growth is a positive signal for Filecoin through active storage transactions, it requires the background of network capacity.

In the fourth quarter of 23 years, FileCoin’s average original byte storage capacity decreased by 15% from the previous month to 9.4 EIB.This gradually declined about one year ago, when the average original bytes storage capacity reached the highest level of nearly 17 EIB in the third quarter of the 22nd.

The decline in the average original byte storage capacity is further reflected in the decline in the total number of storage providers. After reaching the highest historical highest point in the third quarter of 22 years, it continued to decline to 3,390 at the end of the fourth quarter of the 23rd.

client

According to MESSARI’s guidelines on decentralized storage networks, Filecoin aims to provide corporate and developers with cold storage solutions (such as archives and recovery).Its competitive prices and accessible access to attract a replacement solution that helps to seek economical efficiency to store a large amount of file data.The active efforts outside the refrigerator are promoted by the following personnel: Banyan, LightHouse, Ribs, Retriev, Seal, and FlamenCo.

As of the end of the 4th quarter of 23, a total of 1,808 customers have installed data sets on Filecoin.Among these customers, 465 customers joined large data sets (for example, data sets with a storage size of more than 1,000 TIB), an increase of 10%over 421 customers in the third quarter of 2023.

The industry segment of the active storage of large data set customers shows that the industry with the most Filecoin is technology (35%) and natural resources (31%).In order to encourage active transactions, we provide a variety of storage services, including: nft.storage, Web3.storage, Seal, Bankan, and SteelDome.

According to Filecoin’s client browser, its main customers are from New York City and the University of California SHOAH Foundation to Web3 platform Opensea and Layer-1 network Solana.Other noticeable efforts using the Filecoin network include:

Victor Chang Heart Institute Protection and Sharing Research Data.

Democratic libraries store data sets collected by the end of management at the end of the management.

The Seti Institute uses Filecoin to store astronomical research data.

The University of California Berkeley cooperates with Seal Storage to store physical research results.

Genrait uses Estuary to store key genomic data on Filecoin.

The Starin Laboratory of Research Center Storage of sensitive number records of human history.

EWESION (the fastest graphics file host in China) uses Filecoin for data preservation.

DESCI Labs uses decentralized data storage on Filecoin to enable research results to be copied and verified by other researchers.

Overview of the characteristic client of the Filecoin network can be visited here.

FVM use

Filecoin virtual machine (FVM) brings FileCoin a Ethereum smart contract.Since its launch in March 2023, to the end of 2023, TVL has exceeded $ 230 million.DEFI applications provide more opportunities for storage providers to access FIL, which may improve the efficiency of data loading.As of December 31, 2023, more than 2,700 unique contracts have been deployed on FVM, and more than 22,000 per month for active users.These users have generated more than 1.8 million transactions.

The proposal to deploy Uniswap V3 on FVM has been passed and successfully executed in October.The deployment of Uniswap contract on FVM may usher in a new stage of Defi applications based on Filecoin network.As Filecoin continues to obtain new users and valuable data sets, it can be used as the basis for developing monetable FVMs around data development.

Overview of ecosystems

The Filecoin ecosystem has been actively developing the founder’s funnel.It regularly participates in the hacker marathon and accelerator to help early projects and teams get funds from the protocol laboratory or affiliated entities.The ecosystem aims to support various use cases in different fields: data infrastructure, media flow, meta -universe and games.As of December 2023, more than 100 known projects have been developed in the FileCoin ecosystem, including focusing on projects-GLIF and Titan Network.

Glif

On February 6, the Filecoin ecological liquidity lease agreement GLIF announced that it had completed a $ 4.5 million seed round financing. This round of financing was led by Multicoin Capital. BS and other investors participateEssence

In short, GLIF earns benefits to the FIL token holders through its “liquidity lease” model.According to Filfox data, Glif is currently the largest agreement in the Filecoin ecosystem, with TVL over $ 139 million.

The GLIF protocol enables the Filecoin token holder, storage provider (SP) or miners to get a reward by depositing tokens in its agreement.In terms of mechanism, GLIF is like a liquidity pledge platform, but because Filecoin is not a POS network (POS) network, it is called a liquidity lease agreement.

Before launching the GLIF agreement, the leaders of the Glif team Jon Schwartz and Peter Andersen have been building basic products in the Filecoin ecosystem since 2019.

Titan network

Titan Network is a software and service developer. It aims to use sharing proof to create a smart contract network that does not need to be trusted around the production and delivery of computing power.

Titan consists of three parts: software, trading markets and protocols. Software products lies in the management of computing power. The trading market is used for computing power distribution. The protocol part provides a global computing power integration distribution platform.

Titan also cooperated with Filecoin to launch Titan Ultra Network.

Titan Ultra Network is based on Filecoin (decentralized storage items) and IPFS (Interplanetary File System, Star File System). It provides Web 3.0 with resource platform for decentralized shared CDN acceleration services. It uses edge technology to make full useIn the households, the bandwidth, storage, and computing of lightweight idle equipment in the households will build a large -scale marginal cloud computing network.

Anyone can become a marginal node of the Titan Ultra Network. Participate in the construction of a “shared computing” loop mode that transforms idle household resources into valuable sharing services and forms a “shared computing” loop mode for idle resources.

According to reports, Titan Network has previously been supported by the Filecoin official foundation.

At the end

Data on Filecoin have gone through significant growth in the fourth quarter of 23 years. The active storage transaction volume increased by 23%month -on -month and a year -on -year increase of 414%.As Filecoin’s storage capacity continued to decrease by 15%month -on -month, the storage utilization rate increased from 13%of Q3’23 to 18%of Q4’23.

As of the end of 2023, more than 1,800 customers have loaded data sets on Filecoin, of which 465 customers have more than 1,000 TIB, an increase of 10%month -on -month and 196%year -on -year.In the fourth quarter of 23 years, the storage fee income calculated by FIL decreased by 58%(58%calculated at the US dollar), which was consistent with the overall decline in the overall revenue of the demand party in the decentralized cloud storage.

The proposal to deploy the Uniswap V3 on FVM has been successfully implemented and may usher in a new stage of DEFI applications based on the Filecoin network.As Filecoin continues to obtain new users and valuable data sets, it can be used as the basis for developing monetable FVMs around data development.

Is filecoin far from 1000u?