Filecoin

Filecoin is a Layer 1 blockchain network designed to create a decentralized marketplace for digital storage, allowing anyone with spare hard-drive capacity to rent it out to people or organizations that need to store data. It addresses the problem of centralized, corporate-controlled cloud storage by attempting to turn raw storage space into an open, globally traded commodity where price is set by supply and demand rather than by a single provider. The network is categorized under decentralized physical infrastructure (DePIN) and smart contract platforms, reflecting its dual role as a storage market and a programmable blockchain.

Storage providers on the Filecoin network commit physical hard-drive space and must prove, through cryptographic mechanisms, that they are continuously storing the data they have agreed to hold. FIL, the native token, is used to pay for storage deals, to collateralize storage provider commitments, and to settle transactions on the chain. Blocks are produced at a very short interval — the data shows a block time of 0.0 minutes, indicating near-continuous block production — and the network settles both storage-market activity and general smart contract execution on the same base layer.

Fees on Filecoin are paid by users initiating storage deals and other on-chain transactions, and the data shows that all fees collected are retained by the protocol itself, with a take rate of 100% over the trailing 30 days, meaning supply-side revenue distributed to storage providers through the fee mechanism was recorded as zero over that period. In the trailing 30 days the network collected 69,496 USD in fees, and over the trailing 12 months it collected 1,970,449 USD; annualizing the 30-day figure produces 845,534.67 USD. At the current market capitalization of 877,695,938 USD, the market-cap-to-fees ratio stands at 1,025.59 against that annualized figure. Fee generation declined 32.27% over the last 30 days, which is relevant context for all fee-based ratios shown on this page.