Should you place your bets on Filecoin in Q3? Market data suggests…

Realistic or not,Filecoin operates as a decentralized data service platform built on the InterPlanetary File System . It serves both the storage market’s demand and supply sides. FIL, the native cryptocurrency of Filecoin, plays a vital role as it enables users and applications to access data-related services.

Over the last quarter, the number of total active deals on the FileCoin protocol witnessed significant growth. At press time, Filecoin had stored more than 1,218.17 PiB through active deals.Due to the rising number of deals on the protocol, the fees collected by FilecCoin and the subsequent revenue generated by the protocol surged. According to token terminal’s data, the fees and revenue generated by Filecoin grew by 33.2% and 34.2% respectively over the last quarter.

The current cryptoeconomic specifications indicate that the FIL mining reserve is currently inactive. This suggests that the mining process is not actively adding new FIL tokens to the circulating supply at the moment.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Lower penthouse in St. Lawrence Market hooks two offersTwo-bedroom unit sells for $2.675-million, just $20,000 under asking
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Private island in Muskoka on the market for $33MAn island in Muskoka on sale for $33M has four standalone cottages and can be accessed by boat from a private docking facility.
La source: CTVNewsVI - 🏆 28. / 68 Lire la suite »

Stock market today: Wall Street drifts ahead of updates on inflation, profitsStocks are drifting on Wall Street Monday ahead of a week with updates on where inflation and corporate profits are heading.
La source: CTVCalgary - 🏆 26. / 68 Lire la suite »

'A sharp rebalancing of demand-supply conditions:' RBC says GTA housing market lost steam in JuneThere was a “sharp rebalancing of demand-supply conditions” in Toronto’s real estate market last month as the Bank of Canada’s recent decision to resume its rate hiking cycle pushed some buyers to the sidelines, a new report from RBC suggests.
La source: CP24 - 🏆 30. / 67 Lire la suite »

Private island in Muskoka on the market for $33MAn island in Muskoka on sale for $33M has four standalone cottages and can be accessed by boat from a private docking facility.
La source: ctvottawa - 🏆 29. / 67 Lire la suite »

Private island in Muskoka on the market for $33MAn island in Muskoka on sale for $33M has four standalone cottages and can be accessed by boat from a private docking facility.
La source: CTVNews - 🏆 1. / 99 Lire la suite »