MESSARI Report: FileCoin’s first quarter of 20124

Main point of view

The Filecoin storage market has grown in the first quarter of 2024, and active transactions have grown month -on -month9%EssenceThe storage utilization rate rose from 18%in the fourth quarter of 2023 to the first quarter of 2024twenty three%And the storage capacity decreased by 14%month -on -month.
As of the end of the first quarter of 2024, more than 2,000 users have loaded data sets on FileCoin, of which 508 users have loaded large data sets (the scale exceeds 1000 TIB), which has increased from the previous quarter.9%Essence
One year after the Filecoin virtual machine (FVM) was launched in the first quarter of 2023, the Defi ecology continued to develop -Pyth and Uniswap V3 (Oku.trade) were launched in the first quarter of 2024, and GLIF deposits increased more than double the month.
As of March 31, 2024, FVM has deployed more than more3400Independent contracts increased by 26%month -on -month compared with 2,700 in the fourth quarter of 2023.At the same time, FVM’s TVL exceeded 600 million US dollars in the first quarter of 2024, an increase of nearly two times from the previous month, which was mainly due to liquidity pledge.
In addition to the development of the FVM ecology, Filecoin focuses on increasing the application rate of corporate in the short term and developing DEPIN partnerships in the long run, thereby using free computing resources.

Filecoin basic information

Filecoin is creating a hardware market -the first service is storage.Filecoin is based on IPFS (Star File System). It uses a transaction based on the provider-based market rather than a fixed pricing structure (https://filecoin.io/blog/how-storage-ndrieval-deals-WORK-On-FILECOIN/).A storage transaction is like a contract with a service grade protocol (SLA: https: //www.cio.com/article/274740/outsourcing-sla-definitions-nd-solutions.html-users pay to storage providersMake data stored data in the specified periodic period.

In order to ensure data security, Filecoin uses an encrypted economics incentive model and through zero-knowledge proofPosts/Zero-Knowledge-And-the-Filecoin-network/) storage.In order to motivate storage providers to participate in storage transactions, Filecoin will use online native currency FIL as a reward.If the storage provider cannot provide a reliable online time or a malicious behavior of the network, it will also be punished accordingly (https://docs.filecoin.io/storage-provider/filecoin-economics/slashing/).

To retrieve data, Filecoin users pay for the retrieval provider to obtain data.Different from the storage transactions involving the trading on the chain, the retrieval transaction uses payment channels to settle the payment to pay the chain to achieve faster retrieval.In addition to storage and retrieval, Filecoin aims to provide an open market that can run data through contracted computing power in this market, thereby providing more effective alternatives for traditional centralized storage.

The key protocol upgrades of data computing services include smart contracts (Filecoin virtual machine-FVM) (https://fvm.filecoin.io/) and extension (interstellar consensus) (https://ipc.space/)).The Filecoin virtual machine launched in March 2023 will introduce Ethereum smart contracts into Filecoin, which will promote new cases including liquidity pledge, sustainable storage, and decentralized computing.

Website (https://filecoin.io/)/x (Twitter: https://twitter.com/filecoin)

Performance analysis

Filecoin blockchain is used to decentralize storage data through the following ways:

The demand side, that is, the storage user of data storage is required.
Supply end, that is, storage providers with excess network capacity.

Network aspect

The amount of data stored in active exchanges between the storage user and the storage provider measures the demand for Filecoin storage.

Storage transaction

In the first quarter of 2024, Filecoin continued to use decentralized storage through active transaction growth.Through the active transactions in the first quarter, nearly 1,900 Pib was stored on the FileCoin network, which was 9%month -on -month from 1,700 PIB in the fourth quarter of 2023 and 600 PIB in the first quarter of 2023 more than 3 times.

At the same time, after the daily new transaction volume reached the highest level of 5 pib/day in the third quarter of 2023, it continued to decrease 11%from the previous month to 3.3 pib/day.Although the new transactions are still growing, the daily slowdown of the daily transactions corresponds to the overall decrease in the reward of storage provider (see the “reward” part below).In addition, the increase in new transactions helps improve the utilization rate of the Filecoin network.

Storage utilization and capacity

Compared with the total available storage capacity in the first quarter of 2024, the Filecoin storage utilization rate increased to nearly 23%, higher than 18%in the fourth quarter of 2023.Although this growth is a positive signal for Filecoin through active storage transactions, it must be placed under the background of the network capacity.

In the first quarter of 2024, Filecoin’s average original bytes storage capacity decreased by 14%month -on -month to 8.1 EIB.About two years ago, the indicator gradually declined after the average original bytes storage capacity reached the historical highest level of nearly 17 EIB in the second and third quarters of 2022.

The decline in storage capacity is further reflected in the decline in the total number of storage providers.After the indicator reached more than 4,100 in the third quarter of 2022, it fell to about 3,000 in the first quarter of 2024.

In addition to storage, the decentralized agreement is increasingly using Filecoin to access idle computing resources.For example, the decentralized calculation platform IO.NT (http://io.net/) was integrated in December 2023 (https://finbold.com/io-Net-expands-filecoin-storage-use-cases-Throud-colorLabaving/) Filecoin stores 1500 GPUs of the provider, thereby improving the GPU computing power.

Storage user

MESSARI decentralized storage network guide (https://messari.io/report/the-essential-gue-to-decentralized-storage-networks) shows that FileCoin is currently suitable for providing cold storage solutions for enterprises and developers (such as archived archivesAnd recovery).Its competitive price helps to attract traditional enterprises to seek economic and efficient alternatives to store a large amount of file data.

Related cases include:Bankan (https://www.banyan.computer/) —— Focus on packing services so that enterprise users can get started;Seal(https://www.sealstorage.io/) —— Focus on providing storage entrances for big customers, such as uc Berkeley (https://www.sealstorage.io/blog/uc-web3-web3-web3-dorage-FOR-NEUTRINO-Research-Data), StarlingLabs (https://www.youtube.com/watch?v=sx6f9_joxaa),,),) ,/watch?v=sx6f9_joxaa)the atlas experiment(https://atlas.cern/updates/news/hllhc-data-storage)) andCasper network;Some other efforts outside the cold storageLighthouse(https://twiter.com/lighthousweb3/status/147791488621458433),Ribs(https://github.com/filcat/ribs),Retriev(https://cryptonet.org/projects/data- restrievability) andFlamenco(https://flamenco.blender.org/usage/shared-storage/) solutions and other companies are promoted.

As of the end of the first quarter of 2024, a total of 2007 users (https://app.periscopedata.com/shared/d33c4430-465c-40ba-956F-76e43880EBA9?) Has been stored in data sets on FileCoin, of which 508 users were storedLarge data sets (that is, data sets with a storage size of more than 1,000 TIB), an increase of 9%over 465 in the fourth quarter of 2023.In order to encourage the use of active transactions, we provide a multi -storage service, including nft.storage (https://nft.storage/), web3.storage (https://web3.storage/) and SteelDome (https://///////////////////////////// htttps:///////////////// https:///////////////// https://///////////////// https: ///www.steeldomecyber.com/).

According to statistics from the Filecoin Client Explorer (https://destor.com/en-s/filecoin-1etwork-client-), the main users include Starling Lab, NFT platform OpenSea (https://filecoin.io/blog/posts/ Opensea-Decentralizes-And-Persist-NFT-Storage-With-IPFS-FILECOIN/), Layer-1 network solana (https://twitter.com/triton_one/status/168176170325506)).Other institutions that use the Filecoin network are as follows as follows:

Victor Chang Heart Institute Maintenance and Sharing Research Data (https://blockworks.co/news/filecoin-cardiac-nstitute-decentralized -storage).
Democracy’s library storage Data set (https://fil.org/blog/democracyue 2%80%99S-announdcess-More–Petabyte-GovernMent is collected at the end of management. -data-UPLOADeded-TO-THE-FILECOIN-Network/).
Seti Institute uses Filecoin to store astronomical research data (https://destor.com/seti).
Uc Berkeley cooperates with Seal Storage to conduct storage physics research (https://www.newswire.ca/news-releases/uc-Berkeley-eal-SEAGE-web3-Technology-ADVANCE-NONOVATI VE-Neutrino-PHYSICS-Research-883282087.html).
Genrait uses Estuary to store key genome data on Filecoin (https://filecoinfoundation.Medium.com/Case-study- Leverages-NetWork-VISIBILITY-ACCE ss-And-Storage-OF-1D56897A2D73).
Starling Lab storage human historical sensitive digital record (https://medium.com/@ffdweb/annound-the-starling-lab-4F1ce0204F07).
EWESION (the fastest growing graphics file host in China) uses filecoin for data storage (https://filecoinFoundation.Medium.com/storage- company-levels-ilecoin–data-data-data-data-data-data-data-data-data-data-da-d 6cecc84e0e).
Desci Labs uses decentralized data storage on Filecoin to enable research to be copied and independent verification by other researchers (https://fil.org/blog/case-study-desci-nd-filecoin-nabling-A-FUTURE-OFEN-SCIENCE/).
OPSCIENTIA (OPSCI) by using Filecoin (https://fil-foundation.on.fleek.co/hosting/opsci-casestudy.pdf) allows scientists around the world to share data easier.
Destor and Seal Storage cooperate with Cyber Smart (https://destor.com/resources/neal-storcoin-data-integrajecty-project) and Cyber Smart (https: // YBersmartCenter.org/) AI data integrity improvement research project, Cyber Smart is an industry -academia cooperation organization funded by the National Science Foundation and industry members.

Overview of Filecoin’s specialty users can be here (https://filecoin-sexplorer.com/expanded-video? __HSTC = 224880773.3FB633F7645C8B1C96D01937fcede.169688107555314.169777777.16977777 063173784.1697098377625.3 & amp; __ HSSC = 224880773.1.1697098377625 & amp; __ hsfp = 100422932).

Retrieval

In order to meet the storage retrieval needs, a Filecoin and IPFS content delivery network of the Filecoin and IPFS content called Saturn project (https://docs.filecoin.io/basics/how-retrieval-works/saturn/) is currently running in closed tests.The Saturn project aims to provide retrieval services in the Filecoin ecosystem through rapid and low -cost content.Saturn node operators currently meet the search request by earning Fil, but it is expected that they will turn to long -term incentives for demand.

At the same time, station (https://www.filstation.app/) Application will bring decentralized retrieval to the desktop, and spark (https://www.youtube.com/watch?v=adwz3dtnoyi) and Voyager (Voyager (https://twitter.com/filecoinstation/status/1757805439410950265) module allows search and inspection on the Internet.As far as context is concerned, Station uses idle computing resources and provides FIL rewards.As of March 2024, the number of computing network participants in STation exceeded 7700 (https://twitter.com/filecoin/status/1770573869721473503?s=61&AMP ;t=0-Vyawkno- Fueixq0BSRHG).

Saturn’s goal is to provide reliable content retrieval for enterprises and encrypted native use cases.The recent example of user deployment is the retrieval support of Saturn as the retracement support of the Solana NFT platform Metaplex (https://www.metaplex.com/).

With the completion of the test phase, Saturn is expected to enter the upgrade stage.Once this stage is entered, the existing CDN products will be transformed in the next few quarters, and will be re -launched as part of a more scalability and high -performance independent search protocol, and have their own incentive system.

FVM usage situation

Filecoin virtual machine (FVM) was launched in the first quarter of 2023, bringing FileCoin a Ethereum smart contract.One year after launch, the Uniswap V3 was released on FVM in the first quarter of 2024 (https://twitter.com/filecointldr/status/176329028800391675).The Uniswap deployment on FVM allows developers to use ETH and USDC in the Filecoin ecosystem.

Binance (binance) recently announced (https://www.binance.com/en/support/anncement/binance- Completes-winance-OF-FIL-FIL-FILEVM-NETWORK-DePOSITS-5A F3FC32fe71451ba942799189ae4d0a) in FVMOpen FIL deposit after integration.Previously, Sushi (https://www.sushi.com/blog/sushi-live- on-filecoin) integrated with Filecoin, and began to use Axelar (https://axlar.network/filecoin- tross-chain-datadaos-axlar-nd-fvm) and Celer (https://blog.celer.network/2023/03/20/celer-cbridge -and-dPort-ON-the-FileCoin-Virtual-Machine-FVM/) Implement inter -chain communication.At the same time, Pyth, the leading Solana prophet Pyth, was launched on FVM. Filecoin smart contract developers can now use Pyth to feed services to further support the Filecoin Defi ecological development.

As of March 31, 2024, more than 3,400 independent contracts were deployed on Fv, Increased by 26%month -on -month.At the same time, FVM TVL exceeded $ 600 million in the first quarter of 2024, an increase of nearly two times the month.

According to FVM Explorer statistics (https://fvm.starboard.ventures/explorer), as of the end of the first quarter of 2024, the total amount of DEFI deposits was 27 million FIL (approximately US $ 256 million), which was mainly used for pledge and liquidity.https://filecointldr.io/how-to-stake-filecoin) and DEX.Most of the liquidity pledge protocol Glif (https://www.glif.io/en) Occupy most of the deposit (https://www.dlnews.com/articles/defi/filecoin-s-dhe-bo-in-Liquid-Staking/) (as of 52%at the end of the first quarter of 2024), followed by the SFT protocol (10%) (https://www.sftproject.io/), REPL (9%) (https: // www.REPL.FI/) and other protocols (29%).Related background:

GLIF released (https://medium.com/@glifio/liquid-ile-A–Chapter-FOR-FORCOIN-Defi-8EFI-8EB52DBDB7E9) a reward plan to motivate DEFI community participation.
REPL introduced (https://medium.com/@z1286679231/restaking-wrings-new-value-filecoin-filecoin-defi-refl-rebl-67A2B1E82F17)) One can be rewarded by the storage provider to lock FilThe mechanism.
Filliquid (https://filliquid.io/) proposes to provide FIL loans for storage providers (https://medium.com/@fillIquid/Three-reasons-filliquid-I-Best-all-all ket-IN-CRYPTO-D4D9722A9638).
Thetanuts Finance (https://www.thetanuts.finance/) launched Fil covered with bullish database to earn benefits.

At the same time, according to the FVM DEFI ranking (https://fvm.starboard.ventures/explorer/leaderboard), as of March 31, 2024, the total DEFI net loan reached 17 million Fil (about 162 million US dollars).In the first quarter of 2024, monthly deposits and borrowings both showed rapid growth, consistent with the risk market.With the continuous development of FVM, it may become the basis for developing monetized FVM data usage.

Financial aspect

The Filecoin income framework is similar to Ethereum, because its GAS system is designed based on the EIP-1559 mechanism (https://filecoin.io/blog/posts/eip-1559-in-filecoin/).The GAS system consists of network expenses and compensates the resources used by combustion network costs.Store users and storage providers will generate agreement income.

income

According to the MESSARI income analysis (https://messari.io/article/demystifying-filecoin-s-s-revenue), the FileCoin agreement includes the following four sums:

Base Fees -depending on the condition of the message, any storage certificate needs to be used.
Batch Fees -use it in batch packing storage certification.
OverESTIMATION Fees -is used to optimize GAS use.
Penalty Fees -a fine when the storage provider fails.

Although the demand for Filecoin storage has increased, the cost income in the first quarter of 2024 increased by 21%to $ 1.6 million.The reduction of storage capacity is reflected in the rise of penalty fees and batch fees.It is worth noting that the basic expenses of storage transactions are only over 8,400 US dollars, which is consistent with the overall decline of the demand for the decentralized cloud storage space to the user.Organizations, including the decentralized storage alliance (DSA) (https://dsalliance.io/about), are actively committed to reducing the data on the Filecoin network (https://filecoin.io/blog/dsa- reduces-Decentralized-Storage-Costs-By-40-Percent/) loading costs.

award

Filecoin reward includes:

Block rewards distributed by network distribution to storage providers.
The “TIPS” cost used to accelerate the transaction.

In the first quarter of 2024, block awards constituted more than 99.9%of the supply end revenue, while “TIPS” only accounted for a small part.New FIL tokens casting mechanism (https://spec.filecoin.io/systems/filecoin_token/minting_model/#: ~: Text = Baseline%20Minting%20Mints%20more, of%20minting%20File coin%20TOO%20quickly.)Rely on the following two items:

Index attenuation mode (total 30%): In order to encourage participation, block rewards are the highest in the early days.Over time, it presents index attenuation.
Base line mode (70%total): Block rewards are allocated as the storage capacity increases.

The combination of these two modes helps to continue to maintain the participation (see the index attenuation mode) after the end of the early block reward distribution phase, and it also helps the continuous reward to increase the additional value brought by the network storage capacity to the network.(See the baseline mode).

Driven by the rise in FIL/USD prices, the supply side award increased from US $ 55 million in the fourth quarter of 2023 to $ 76 million in the first quarter of 2024, an increase of 39%.In terms of FIL, rewards dropped from 12.6 million FIL in the fourth quarter of 2023 to 10.6 million FIL in the first quarter of 2024, a 16%decrease.The index attenuation model and baseline casting model causes the FIL reward distribution (https://spec.filecoin.io/systems/filecoin_token/block_reward_minting/).

In the next few quarters, Fil’s rewarding may continue to decrease.Regarding the in-depth discussions and various simulations of FIL distribution in the future, please refer to MESSARI Research on Fil’s recent supply volume (https://messari.io/report/cryptoECon-Iries-Investigating-Filculating-SUPPLY).

Ecological overview

Filecoin Ecology (https://ecosystem.filecoin.io/?Results=115) has been actively attracting developers and builders. It regularly participatemiddle.These plans are designed to help early projects and teams grow so that they are expected to receive financial support from Protocol Labs or their associated entities.Filecoin ecology is committed to introducing various cases such as data infrastructure, streaming media, and game to games.

As of March 2024, FileCoin Ecosystem Explorer (https://fil.org/ecosystem/) contains more than 160 known projects (https://fil.org/ecosystem/). This is a non -detailed community network network network network network network network)Project database.Most projects using Filecoin provide data services:

BANYAN (https://protocol.ai/blog/meet-banyan-reimagining-cloud-data -storage/): decentralized storage similar to Web2 is suitable for areas other than enterprise files.
LightHOUSE (https://twitter.com/lightHouseWeb3/status/1477914886621458433): Use a permanent data storage service with a one -time payment pricing model.
Numbb) Essence
Seal Storage (https://www.sealstorage.io/): Unable changeable data storage solution.
SteelDome (https://www.steeldomecyber.com/): Data protection and data storage solution.
FLUENCE (https://flonce.network/): allow developers to expand its web3 project.
EQTY LAB (https://www.eqtylab.io/): Use the encryption method to verify the snapshots of the AI model spectrum, and use IPFS and Filecoin to be decentralized technologies to anchor model data.
Tableland (https://tableland.xyz/): SQL -based cloud database.
Basinv2 (https://github.com/tablelandnetwork/basin-provider): Data management and collaboration, from T ABLELAND, Weatherxm (https://mirror.xyz/tableland.eth/jxwm36j7oaw4plftlp QPGRRIDUTH75LVJJ0BIFWBA) network and BACALHAU (https: // www.bacalhau.org/) Computer network used.
Wb3mine (https://www.web3mine.io/): monetization of idle computing power.

Agreement to focus on media and entertainment includes:

Mona (https://monaverse.com/): 3D art gallery in the Yuan universe.
Huddle01 (https://huddle01.io/): Decentralized video conference.
Opgames (https://www.opgames.org/): game -related NFT casting.
FileMarket (https://filemarket.xyz/): Web3 Store Building and Market.

The following examples are designed to use Filecoin infrastructure to drive data requirements in specific fields:

Cryptosat (https://protocol.ai/blog/satellites-For-CryPographic-Protocols/): Use the MINI satellite to prevent side attacks and implement security verification.
ZKSIG NFT (https://ethglobal.com/showcase/zksig-nfts-j597n): Market access control.
DataMarket (https://ethglobal.com/showcase/datamarket-nstant-data-purchase-pages-zz5z0): Data purchase and settlement function.

Qualitative analysis

Critical development

V22 network upgrade (Dragon)

The range of V22 upgrades (Dragon) includes several improvement suggestions:

Fip-0063 (https://github.com/filecoin-project/fips/blob/master/fips/fip-0063.md): Switch to the new DRAND main network network.
Fip-0074 (https://github.com/filecoin-project/fips/blob/master/fips/fip-0074.md): Cancel CRON-based automatic transaction settlement.
Fip-0076 (https://github.com/filecoin-project/fips/blob/master/fips/fip-0076.md): Direct data loading.
Fip-0083 (https://github.com/filecoin-project/fips/blob/master/fips/fip-0083.md): Add built-in Actor to the verified registry, storage providers and market participantsEvents.

Uniswap V3 deployment

After successfully conducting governance voting in October 2023 (https://twitter.com/filecointldr/status/176329028800391675), Uniswap V3 (via Oku.trade) deployed on Filecoin virtual machine (FVM) (https:// Twitter Then, thenCom/Filecointldr/Status/176329028800391675).The deployment is supported by Axlar as the deployer and the bridge provider.Specifically, it allows the bridge ETH and USDC to use it locally in FVM, thereby increasing the correlation between FileCoin and DEFI applications.

Solana integrated

The Solana team is trying to store the block historical record of Solana on FileCoin (https://twitter.com/aeyakovenko/status/17587369220681895).After completion, infrastructure providers, explorers and data indexes will be more likely to access solana data.Solana will benefit from higher redundancy and strengthening security.In addition, the price information of the Pytha Pyth of the SOLANA is now provided on Filecoin (https://twitter.com/pythnetwork/status/17523548887570374?s=20).

FLUENCE is supported by IPC

FLUENCE Network announced (https://filecoin.io/blog/posts/interplanetary–FLUENCE-POWER-future-CLOUDLESS-COMPUTING/) ) (http: // ipc.space/) Drived decentralized computing platform.The launch of IPC allows aggregates, hot storage and computing network services to be constructed on Filecoin.To help achieve this goal, FVM uses effective proof to verify the calculation integrity, and introduces faster capacity certification verification to loading providers.Due to the low transaction cost and the final determination speed, Fluice benefits from this partnership.

Pyth price is based on FVM

The leading Solana prophet PythTH launched on FVM (https://pyth.network/blog/pyth-price-feeds-Launch-On-FileCoin-VM).Today, Filecoin smart contract developers can use the Pyth price source to support the further development of the Filecoin Defi ecosystem.

Critical event

FIL Development Summit

FIL Development Summit (https://fildev.io/) continued the third session on ETHDENVER 2024 (https://www.ethdenver.com/), focusingThe upcoming Filecoin hot storage reservoir innovation (https://filecoin.io/blog/posts/fil-dev-summit-track -On-Smart-dapps-solana-Filecoin-FileCoins-Relation ship-TO-DA-IPC-L2S-Finality-And-More/).

IPFS in space

The Filecoin Foundation (FF) was announced in January (https://fil.org/blog/filecoin-foundation-success Fully-Deploys-Interplanetary-System-IPFS-Space/) to complete the use of IPFS to achieve empty emptiness. BetweenDemonstration of communication and files from the earth and returning.This demonstration is part of the cooperation with the airline Lockhed Martin.

Digital art file

The Crypto Art Museum launched the Rooms Archive (https://archive.museumofcryptoart.com/), which is a digital archives that use FileCoin to permanently preserve the snapshot into a digital gallery.

Key governance decision

Public Institute of Trophy Federation

To recognize Filecoin network contributors, Fil-Retropgf-1 (https://app.optimism.io/retropgf) will reward 200,000 Fil (about 1.9 million US dollars).The purpose of this plan is to provide funding for contributing to Filecoin’s contribution to the influence of FileCoin through positive traceability public funds (https://medium.com/ethereum-optimism/retroActive-PUNDING-33C9B7D00F0C).

Summarize

The Filecoin storage market continued to grow in the first quarter of 2024, and active transactions increased by 9%month -on -month.The storage utilization rate increased from 18%in the fourth quarter of 2023 to 23%in the first quarter of 2024, and the storage capacity decreased by 14%month -on -month.As of the end of the first quarter of 2024, more than 2,000 users have loaded data sets on Filecoin, of which 508 users have loaded large data sets (more than 1000 TIB), an increase of 9%over 465 in the fourth quarter of 2023.As the price of FIL/USD rose, the awards increased from US $ 55 million in the fourth quarter of 2023 to $ 76 million in the first quarter of 2024, an increase of 39%.In terms of FIL, due to the decrease in the total amount of FIL, the award decreased by 16%month -on -month.

One year after FVM launched, the Uniswap V3 was launched on FVM in the first quarter of 2024.The Uniswap deployment on FVM allows developers to use ETH and USDC in the Filecoin ecosystem.

As of March 31, 2024, more than 3,400 independent contracts were deployed on FFM, compared with 2,700 in the fourth quarter of 2023, an increase of 26%month -on -month.At the same time, FVM TVL exceeded $ 600 million in the first quarter of 2024, an increase of nearly two times the month.The net deposits and loans in the first quarter of 2024 showed rapid growth, which was in line with the risk market.As FVM continues to pay attention, it will become the basis for developing monetized FVM cases around data and computing.

If you want us to know what, the missing and other ideas you like this report, please fill in this short table (https://06jiny4c1wypeform.com/to/dsmsvsup?Typeform-source=www.google.com#Research = State-OF-FILECOIN-Q2-2023), all feedback content is affected by our privacy policy (https://messari.s3.amazonaws.com/privacy.html) and service terms (https://messari.s3.Amazonaws.com/termsofuse.html) constraints.

If you are also interested in Filecoin, welcome to learn more: