1. Market Performance

1. Price Trends: As of March 30, 2025, at 23:51, the latest price of Filecoin (FIL) is approximately $2.76, with a decrease of $0.01608 in the last 24 hours. The highest price in the last 24 hours is $2.80, and the lowest is $2.70. Its market capitalization reaches $1.78 billion, with a historical high of $237.24. It is traded on 467 active markets, with a trading volume of approximately $29.17 million in the past 24 hours and a transaction volume of $80.42 million. Another platform's data shows that FIL has decreased by 4.28% in the past 24 hours, with a trading volume of about $290 million, highlighting its activity and liquidity in the cryptocurrency market.

2. Exchange Rate Dynamics: This week, FIL is on an upward trend, with the current exchange rate of FIL to Stacks (STX) at 4.45, meaning 1 FIL can be exchanged for 4.45 STX; 1 STX can be exchanged for 0.22 FIL. The FIL/STX exchange rate has decreased by 0.09% in the past hour and increased by 1.3% in the past 24 hours. Over the past 7 days, the exchange rate has decreased by 5.65%, with a 24-hour exchange rate change of 1.31%. In the last 24 hours, the highest exchange rate of 1 FIL to STX was 4.48 STX, and the lowest was 4.36 STX.

2. Technical Progress

1. Virtual Machine Upgrade: The Filecoin Virtual Machine (FVM) is built on WebAssembly, enabling smart contract functionality for the Filecoin network and promoting its transition to a multifunctional blockchain ecosystem. This virtual machine enhances transaction processing speed, reducing block confirmation time to a few minutes, and employs “multi-layer security verification” technology to ensure the security of user transactions and storage, supporting interoperability with cryptocurrency networks such as Ethereum and Bitcoin, thus expanding application scenarios. In the decentralized finance sector, FVM has realized innovative financial applications like FIL staking and lending; in the NFT and metaverse fields, it has achieved secure storage of NFT metadata and a large amount of virtual assets and user data.

2. Hot Storage Technology Implementation: After the launch of Proof of Data Ownership (PDP) technology, the cost of high-frequency data storage has decreased by 35%, with AI companies adding 120PB of training data storage demand in a month, accounting for 35% of the total network increment. Additionally, machine learning optimization algorithms have reduced average retrieval latency to 3 seconds, potentially challenging Cloudflare's CDN dominance.