Filecoin
FIL Rank #84Price chart
What is Filecoin?
Storage and verification
Filecoin connects customers seeking data storage with independent storage providers. Storage agreements specify the data and service terms. Proof of Replication verifies that a provider has created a distinct stored copy. Proof of Spacetime checks that the committed storage remains available over time. Providers submit cryptographic proofs to the blockchain. Failed obligations can trigger collateral penalties.
Network execution
A provider's influence in block production depends on its storage power. FIL pays storage providers and covers blockchain transaction fees. Providers pledge FIL as collateral to support their commitments. The Filecoin Virtual Machine also executes programmable smart contracts. Its Ethereum-compatible environment lets developers deploy Solidity applications linked to storage and financial services.
Issuance
The maximum issuance allocation is two billion FIL. Seventy percent was allocated to mining-related distribution, including a reserve. Protocol Labs received 15%, fundraising participants 10% and the Filecoin Foundation 5%. Mining rewards combine time-based issuance with a component tied to the network's storage baseline. Burns of base transaction fees and penalties reduce the amount that remains in circulation.
Where to trade FIL
79 exchanges · top 10
Live spot quotes from connected exchanges
FIL funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.