Filecoin Q2 2024 Network ReportByDean Fankhauser – August 13, 2024

Idiosyncrasy Insights

1. Vivacious storage gap bargains subdued 6% QoQ, while storage gap utilization grew from 23% to 26%.
2. 2,034 patients onboarded information, with 518 copious datasets (>1,000 TiB) onboarded, up 2% QoQ.
3. Filecoin Digital Tools (FVM) saw over 3,700 divine commitments deployed, with TVL receiving to 63 million FIL ($273 million).
4. Gimmicky information corrects surfaced, involving merciless archiving and information personal solitude solutions.
5. Filecoin lingers to design as a decentralized physical infrastructure network (DePIN) for enterprise storage gap and AI entreaties.

Network Capability

Storage Bargains and Viable

• Q2’24 boisterous storage gap: Over 1,700 PiB, down 6% QoQ from 1,900 PiB in Q1’24.
• Day-to-day newfangled bargains: Cheapened 24% QoQ to 2.5 PiB/day.
• Storage utilization: Raised to over 26% in Q2’24, up from 23% in Q1’24.
• Raw byte storage gap possibility: Scorned 19% QoQ to 6.6 EiB.
• Storage distributors: Cheapened to about 2,400 in Q2’24.

Person Authorization

• Unabbreviated amount patients: 2,034 by expire of Q2’24.
• Large dataset patients (>1,000 TiB): 518, up 2% from 508 in Q1’24.
• Substantial patients: The Starling Laboratory, OpenSea, Solana, Victor Chang Heart Research Institute, Democracy’s Mishmash, SETI Institute, UC Berkeley, GenRAIT, Ewesion, DeSci Research laboratories, Opscientia.

Filecoin Digital Tools (FVM)

• Great commitments deployed: Over 3,700 as of June 30, 2024.
• Unabbreviated amount Merit Locked (TVL): Unanimously-time high of 63 million FIL ($273 million) in Q2’24.
• Heading protocols: GLIF ($144 million), Parasail ($58 million), stFIL ($22 million).
• Unexceptional DeFi internet lots: 29 million FIL ($131 million) in June 2024.
• Unexceptional DeFi internet borrows: 21 million FIL ($95 million) in June 2024.

Fiscal Capability

Profitability

• Unabbreviated amount salaries: Raised 145% QoQ to $4 million in Q2’24.
• Penalty prices: Grew to $3.9 million from $1.3 million in Q1’24.
• Underpinning prices from storage gap bargains: $9,000 in Q2’24.

Paybacks

• Unabbreviated amount paybacks: Cheapened 30% from $76 million in Q1’24 to $53 million in Q2’24.
• FIL paybacks: Down 15% from 10.6 million FIL in Q1’24 to 9.0 million FIL in Q2’24.

Ecosystem Innovations

Network Upgrades

• V22 “Dragon” upgrade: Applied on April 24, 2024.
• V23 “Waffle” upgrade: Estimated for August 6, 2024.
• Fast Finality in Filecoin (F3) campaign: Specifications finalized in June.

Partnerships

• SingularityNET: Collaborating to store metadata on Filecoin Network.
• Theoriq: Sharpening AI agents trained on Filecoin network information.
• IoTeX: Decreed Filecoin as the picked storage gap primaeval for IoTeX 2.0.

Governance

• Onboarding Innovation Grants Prospectus: Unleashed in June to augment tumor in Filecoin information onboarding.

Culmination

Filecoin’s Q2 2024 performance mirrors a attached image with going away storage gap bargains yet bolstering utilization. The FVM lingers to gain traction, driving DeFi activity on the network. The focus lingers on bolstering enterprise fostering and bring in newfangled earn earn utility of of husks, particularly in AI and decentralized compute. The intro of newfangled grants and cooperations goals to petrol better tumor and modern technology in the Filecoin ecosystem.