Coinbase
How to Buy Filecoin
Good news! You can buy Filecoin on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Filecoin.
Read more

Filecoin (FIL) is a cryptocurrency that powers the Filecoin network, a decentralized peer-to-peer file storage network that aims to let anyone store, retrieve, and host digital information. FIL tokens are used as payment for these services and as an economic incentive to ensure files are stored reliably over time.
Happening now
AI generated 9h ago
Traders are watching if a significant surge in trading volume and a new storage partnership will influence Filecoin's market performance, which has recently trended negative.
Earn up to $2,000 when you buy $50 in crypto
Sign me up761
83.37%
533
102.66%
264
53.49%
1.3K
$1.06B
$2.86B
722M FIL
Not enough data
2B FIL
#62
0.04%
$203.15M
65.52%
$1.57B
$6.07B
$237.73
-79.97%
FIL vs markets
↘ 77.33%
FIL vs BTC
↘ 77.84%
FIL vs ETH
↘ 74.29%
Tags
mineable
ai-big-data
distributed-computing
filesharing
+8
Network | Address | |
|---|---|---|
Filecoin | NA |
Time | Price | Change |
|---|---|---|
Today | $1.46 | ↘ 9.91% |
1 Day | $1.62 | ↘ 9.54% |
1 Week | $1.60 | ↘ 8.57% |
1 Month | $1.56 | ↘ 6.59% |
1 Year | $7.29 | ↘ 79.97% |
AI generated 9h ago
Traders are watching if a significant surge in trading volume and a new storage partnership will influence Filecoin's market performance, which has recently trended negative.
Price declines despite high trading activity
Filecoin's price fell
↘7%
over the last 24 hours, a period in which its daily trading volume surged by
↗57%
. This continues a pattern of weakness, with FIL's
↘8%
decline over the past week lagging the
↗2%
average gain seen across the broader Layer 1 category.
New partnership announced amid competitive market
Filecoin recently launched an S3 storage layer following a partnership with Akave
. This development occurs as the specialized storage solution faces competitive pressure from more diversified smart contract platforms.
The latest FIL price is $1.46. Compared to Filecoin's value of $1.62 from 24 hours ago, there's been a -10% decrease, while the current price is -9% down from $1.60 which was recorded one week ago. Filecoin's all time high is $237.73, which was reached on April 1, 2021. This is a -99% change from its price today.
The market cap is currently $1.06B, which is a result of multiplying the current price of Filecoin($1.46) by the total supply(1,958,734,403 FIL). The fully diluted valuation of Filecoin is $2.86B. The diluted valuation of Filecoin is $2.86B.
Filecoin had 533 buyers, 264 sellers and total 761 trades in the last 24h. Filecoin was searched 1,296 times in the last 24h.
Filecoin (FIL) is a decentralized storage system that aims to store a variety of information. It is an open protocol supported by a blockchain that records commitments made by the network's participants, with transactions made using FIL, the blockchain's native currency. Filecoin is open-source and aims to be decentralized, with governance in the hands of the community. The platform provides an opportunity for developers to create cloud file storage services. FIL, Filecoin's native currency, powers the entire network and all processes. Clients exchange transactions in FIL tokens, and miners place FIL as collateral, guaranteeing their services. Filecoin seeks to address the challenge of inefficient file storage and retrieval by providing an efficient set of tools and its core development, IPFS.
Filecoin operates through a system involving three parties: clients, storage miners, and retrieval miners. Clients exchange for storing or retrieving data, placing an order on the online storage market where a deal is concluded with storage miners. Storage miners store the client’s data and are compensated. They place files in free sectors of a hard drive, all actions are recorded in the blockchain, and clients receive private keys. Retrieval miners extract data at a client's request. Clients place a trade on the off-chain Retrieval Market. Filecoin is based on IPFS where all data is stored on a peer-to-peer blockchain. Users choose miners to store personal data and exchange for placement in FIL tokens. Miners execute trades, receive participation fees and FIL compensation. The more storage miners offer, the higher the chances of getting compensated.
Earn up to $2,000 when you buy $50 in crypto
Earn free crypto after making your first purchase.
Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Trending articles
Popularity in posts
#154
Contributors
511
Posts
511
% About Filecoin
0.136%
Articles
3
Hold times
0 days
X (Twitter)
43.07% bullish
Sentiment
4.2 ★
Highlights
511 unique individuals are talking about Filecoin and it is ranked #154 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Filecoin has an average sentiment score of 4.2 out of 5. Finally, Filecoin is becoming less newsworthy, with 3 news articles published about Filecoin.
On Twitter, people are mostly neutral about Filecoin. There were 47.56% of tweets with bullish sentiment compared to 10.42% of tweets with a bearish sentiment about Filecoin. 52.44% of tweets were neutral about Filecoin. These sentiments are based on 4567 tweets.
On Reddit, Filecoin was mentioned in 773 Reddit posts and there were 1422 comments about Filecoin. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
Powered by LunarCrush
Coinbase
How to Buy Filecoin
Good news! You can buy Filecoin on Coinbase's centralized exchange. We've included detailed instructions to make it easier for you to buy Filecoin.
Read more

Coinbase
How to Stake Filecoin
You can earn rewards for Filecoin through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.
Read more

Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.