Just when everyone was feeling disheartened about FIL, the emergence of FVM brought new opportunities for these injured investors. FVM can be regarded as a significant revolution in the development history of Filecoin. It is built on WebAssembly, endowing the Filecoin network with programmability, allowing smart contracts to run on Filecoin. This innovative breakthrough directly breaks the original limitations of Filecoin, transforming it from a purely distributed storage network into a multifunctional blockchain platform, instantly opening up infinite application expansion space.
The compatibility of FVM with the Ethereum Virtual Machine (EVM) has injected strong momentum into its development. This feature allows a large number of mature smart contracts and applications on Ethereum to be easily migrated to the Filecoin network. As of now, over 4,700 independent contracts have been deployed on FVM, facilitating over 3 million transactions, with an average net deposit of over 30 million Fil in DeFi activities, equivalent to approximately 200 million USD, covering areas such as staking, liquid staking, and DEX, demonstrating strong development potential. This data fully showcases the strong appeal and vitality of FVM, and also indicates that the FVM ecosystem is about to welcome explosive growth.
For those who have been deeply hurt by FIL mining machines, the minting mechanism of FVM is undoubtedly a great opportunity for a turnaround. FVM adopts a unique minting mechanism that requires 80% FIL and 20% FCC for minting synthesis, and all FCC is destroyed after minting. As the FVM ecosystem develops, the demand for FVM continues to grow, and the FIL and FCC required for minting will also increase, thereby driving up the value of FIL. Early investors participating in FVM minting are likely to enjoy substantial returns from the value growth of FVM in the future.