Filecoin(IPFS) Price

Filecoin(IPFS) is a decentralized storage network and cryptocurrency that aims to create a global marketplace for data storage and retrieval. Key features of FIL include: • Launched in October 2020, Filecoin(IPFS) allows users to rent out unused hard drive space to store files. • It uses blockchain technology and cryptographic proofs to ensure files are stored reliably over time. • FIL tokens are used as payment for storage services and to incentivize network participants. • As of 2026-02-02, FIL is ranked #91 with a price of $1.02 and 24-hour trading volume of $2.79M. • The current circulating supply is 744.45M FIL FIL out of a maximum supply of ∞. • Filecoin(IPFS)'s all-time high was $236.84 on April 1, 2021, while its all-time low was $0.848 on April 7, 2025. • Price predictions estimate FIL could reach $1.28 by 2027 and $2.23 by 2031. Filecoin(IPFS) aims to revolutionize cloud storage by creating an open, efficient marketplace powered by its native cryptocurrency.

Filecoin(IPFS) was created on October 15, 2020. The mainnet of Filecoin(IPFS) was officially launched at block height 148,888 on that date at 14:00 UTC. This marked the beginning of Filecoin(IPFS)'s decentralized storage network and its native cryptocurrency FIL. Prior to the mainnet launch, Filecoin(IPFS) had conducted ICO pre-sales and sales in 2017, raising over $200 million. However, the actual launch and creation of the FIL token occurred in October 2020 when the network went live.

The founders of Filecoin(IPFS) are Juan Benet and Protocol Labs. Juan Benet is the creator of the InterPlanetary File System (IPFS) and the founder of Protocol Labs, the company behind Filecoin(IPFS). Protocol Labs developed Filecoin(IPFS) as an incentive layer on top of IPFS to create a decentralized storage network. The project was officially launched on October 15, 2020 when the Filecoin(IPFS) mainnet went live. While Juan Benet is the primary visionary behind Filecoin(IPFS), it was developed by a team of researchers and engineers at Protocol Labs over several years before its public launch.

Filecoin(IPFS) works as a decentralized storage network that incentivizes users to provide storage space. Here's how it operates: 1. Storage providers offer unused hard drive space to the network. 2. Clients pay FIL tokens to store their files on the network. 3. Smart contracts manage agreements between storage providers and clients. 4. Proof-of-Spacetime and Proof-of-Replication algorithms verify that files are being stored correctly over time. 5. Storage providers earn FIL rewards for reliably storing data. 6. The Filecoin(IPFS) blockchain records transactions and storage proofs. 7. Anyone can participate as a storage provider or client in this open marketplace. 8. The network has a built-in self-healing process to redistribute files if nodes fail. 9. FIL tokens incentivize network participation and reliable storage. This decentralized approach aims to create a more efficient and affordable data storage solution compared to centralized cloud services.

Filecoin(IPFS) utilizes a decentralized storage network architecture built on top of the InterPlanetary File System (IPFS). Its key technical components include: 1. Storage miners: Provide storage capacity and earn FIL tokens by storing data. 2. Retrieval miners: Deliver stored data to clients quickly and earn FIL. 3. Proof-of-Replication (PoRep): Verifies that miners are storing unique copies of data. 4. Proof-of-Spacetime (PoSt): Proves continuous storage of data over time. 5. Blockchain: Records transactions, storage deals, and proofs using a consensus mechanism. 6. Smart contracts: Automate storage deals between clients and miners. 7. Filecoin Virtual Machine (FVM): Enables programmable storage and retrieval. 8. Libp2p: Provides peer-to-peer networking capabilities. 9. IPLD: Allows content-addressed data structures. This architecture creates a decentralized storage marketplace, incentivizing reliable long-term data storage and retrieval. The network launched on October 15, 2020 and has grown to support 744.45M FIL FIL in circulation as of 2026-02-02.

Filecoin(IPFS) has a promising future and roadmap focused on expanding its decentralized storage network. Key developments include: 1. Scaling the network: Increasing storage capacity and improving retrieval speeds to handle growing data demands. 2. Enhancing interoperability: Integrating with other blockchain networks and Web3 applications to broaden use cases. 3. Implementing upgrades: Rolling out protocol improvements like Filecoin Virtual Machine (FVM) to enable smart contracts. 4. Growing adoption: Partnering with enterprises and Web3 projects to drive usage of Filecoin(IPFS)'s decentralized storage. 5. Improving tokenomics: Refining the token model to better align incentives for miners and users. 6. Advancing research: Continuing R&D in areas like zero-knowledge proofs and data availability sampling. By 2027, Filecoin(IPFS) aims to significantly increase its network capacity. Long-term goals include becoming the backbone for decentralized data storage in Web3 by 2031. With its unique value proposition in the growing decentralized storage market, Filecoin(IPFS) is well-positioned for future growth and adoption.