Here’s a comprehensive and quick update on FIL (Filecoin) 🗂️:
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1. Current Price & Performance
The current price is around $2.53 per FIL, with a decrease of approximately -4.8% over 24 hours.
Its weekly performance shows a notable increase ranging from **+11% to +13.5%**.
The market capitalization is estimated at around $1.73 billion, with a circulating supply of approximately 682 million coins out of a maximum supply of around 1.96 billion FIL.
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2. What is Filecoin? And how does it work?
Filecoin is a decentralized storage network built on the IPFS protocol, allowing users to rent out excess storage space through a system incentivized by the FIL currency.
The FIL currency is used as a medium of payment for storage and data retrieval, and is awarded as a reward to the network miners who add blocks and validate transactions.
FIL holders can also participate in network governance and discuss and activate proposals for technical updates.
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3. Historical Overview & Currency Distribution
Side Details
Launch The first contract in 2017, and the Mainnet started on October 15, 2020
Funding Raised over $200 million in the first 30 minutes of the ICO
Maximum supply 2 billion FIL, with a gradual release, and distribution for network incentivizers, developers, and participants
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4. Latest Developments (July 2025)
Trading density and institutions: FIL has risen sharply (up to 9%) in recent days, with high trading volume reflecting increasing institutional interest.
CDN Network: Filecoin announced on July 9 that the Content Delivery Network will launch on the mainnet during the summer to improve data retrieval speed.
Technical partnerships: Collaborations like Itheum + Lighthouse to facilitate the use of FIL in cloud file management and publishing as Data NFTs.
Comprehensive initiatives: The Filecoin Foundation is working with Fasila to maintain a press archive, launching the technical update Singularity v0.6.0‑RC2, and enhancing community governance since July 2, 2025.
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✅ Is FIL suitable for investment?
Strengths: Strong infrastructure as a decentralized storage provider and gradual technical depth, with recent partnerships and updates enhancing its market position.
Risks: Sharp price fluctuations, and a significant gap from its previous peak (the all-time high was ~237 $ in April 2021, a decline equivalent to about 99%).
Using strategies like DCA (Dollar Cost Averaging) can be beneficial in a volatile environment.
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🔍 Summary
The FIL currency represents a core part of a decentralized storage structure using blockchain technology, and the ecosystem is witnessing increased activity and demand from institutions and tech applications. Despite its significant decline from the historical peak, the current momentum and recent updates indicate genuine interest in the sustainable development prospects of this project.