Saturday, August 23, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    NFT market cap drops by $1.2B as Ether rally loses steam

    NFT market cap drops by $1.2B as Ether rally loses steam

    From Apes to Punks, NFTs roar back with triple the buyers

    From Apes to Punks, NFTs roar back with triple the buyers

    What’s Behind the Price Surge

    What’s Behind the Price Surge

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

  • Gaming
    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

    $3.62B Already Sold in 2025

    $3.62B Already Sold in 2025

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Who Needs 280 Bitcoin Domain Names? Massive BTC Bundle Goes Up for Auction

    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    Texas judge backs Logan Paul’s bid to escape CryptoZoo lawsuit

    NFT market cap drops by $1.2B as Ether rally loses steam

    NFT market cap drops by $1.2B as Ether rally loses steam

    From Apes to Punks, NFTs roar back with triple the buyers

    From Apes to Punks, NFTs roar back with triple the buyers

    What’s Behind the Price Surge

    What’s Behind the Price Surge

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

    Azuki and H. Moser & Cie. Launch Limited Edition Elements of Time Watch Seri

  • Gaming
    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Crypto Gaming Handheld Shipments Delayed Over ‘Excessive’ Import Duties

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Why AI NFT Companion Coins Could Be the Key to NFT Market Revival

    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

    Google Unveils Pixel 10 Lineup With AI Features, New Watch and Earbuds

    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

    Immutable & Koin Games Unveil Fast-Paced, Collector-Driven Project O

    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    Wilder World Launches FPS at Gamescom with Samsung Partnership and $100K Prize Pool

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Wilder World’ Launches First-Person Shooter Game With $100K Tournament

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    ‘Pirate Nation’ Ethereum RPG Shutting Down as Crypto Gaming Graveyard Grows

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    What the Borussia Dortmund Team-Up Means for ‘FIFA Rivals’ Players

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

    KuCoin Spotlight Launches AKEDO Token Sale to Drive AI Gaming Innovation

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Altcoins

Why Filecoin’s revenue plunged 60% in Q3

October 25, 2023
in Altcoins
28
Why Filecoin’s revenue plunged 60% in Q3
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

  • Filecoin’s revenue suffered a decline in Q3.
  • In the coin’s derivatives markets, participants continued to maintain a bullish outlook.

Leading decentralized storage network Filecoin [FIL] suffered a 60% dip in protocol revenue in the third quarter, Messari found in a new report.


Read Filecoin’s [FIL] Price Prediction 2023-24


According to the on-chain data provider, Filecoin’s revenue decline between July and September was due to an “overall decline in demand-side revenue across the decentralized cloud storage space” during that period. 

The Filecoin network is used to store data by both the demand side (storage users) and the supply side (storage providers).

On its demand side, storage users can create storage deals on Filecoin, specify the amount of data they need to store, the duration of the storage, and the price they are willing to pay.

Moreover, Filecoin requires storage users to pay certain fees in the protocol’s native token FIL. These fees incentivize storage providers to store data reliably and prevent the network from being spammed.

On its supply side, storage providers can register their storage capacity on the Filecoin blockchain and then bid on storage deals to offer their storage capacity to storage users.

According to Messari, Filecoin’s Demand-side base fees (the minimum fees paid to store data on the network) plummeted by 72% during the period under review. The analysis further noted,

“In line with base fee declining, all the other FIL fees that accrue to the protocol revenue (penalty, batch, and overestimation fees) declined QoQ.” 

Between July and September, Filecoin’s protocol revenue totaled $14.8 million, declining by 15% from the $17.6 million recorded in Q2. Filecoin’s supply-side revenue measured in FIL also plummeted. Messari found. 

“Supply-side revenue in FIL decreased 16% in Q2’23 to 14.8 million FIL (down 34% in USD terms). The decrease was driven by an overall reduction of FIL reward issuance due to the exponential decay model and primarily the baseline minting model.” 

Source: Messari

During the period under review, Filecoin’s supply-side revenue derived from block rewards, storage deal payments, and tips to speed up transactions totaled $800,000, witnessing a 68% decrease.

See also  Cardano’s "genesis keys": Centralization or necessary control?

State of FIL

At press time, FIL exchanged hands at $3.80. Benefitting from the general market uptrend in the past 24 hours, FIL’s value rallied by 9% in the last 24 hours, according to data from CoinMarketCap. 


How much are 1,10,100 FILs worth today?


With an 18% jump in value in the last week, FIL’s Open Interest in the derivatives market has increased. At $99 million at press time, this has climbed by 32% in the last three days, data from Coinglass showed. 

Source: Coinglass

With the market significantly marked by positive funding rates at press time, participants continued to open trade positions in favor of a price rally. 

Source: Coinglass

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?


  • Filecoin’s revenue suffered a decline in Q3.
  • In the coin’s derivatives markets, participants continued to maintain a bullish outlook.

Leading decentralized storage network Filecoin [FIL] suffered a 60% dip in protocol revenue in the third quarter, Messari found in a new report.


Read Filecoin’s [FIL] Price Prediction 2023-24


According to the on-chain data provider, Filecoin’s revenue decline between July and September was due to an “overall decline in demand-side revenue across the decentralized cloud storage space” during that period. 

The Filecoin network is used to store data by both the demand side (storage users) and the supply side (storage providers).

On its demand side, storage users can create storage deals on Filecoin, specify the amount of data they need to store, the duration of the storage, and the price they are willing to pay.

See also  Is Solana headed for a drop? Key support at $159 may give way

Moreover, Filecoin requires storage users to pay certain fees in the protocol’s native token FIL. These fees incentivize storage providers to store data reliably and prevent the network from being spammed.

On its supply side, storage providers can register their storage capacity on the Filecoin blockchain and then bid on storage deals to offer their storage capacity to storage users.

According to Messari, Filecoin’s Demand-side base fees (the minimum fees paid to store data on the network) plummeted by 72% during the period under review. The analysis further noted,

“In line with base fee declining, all the other FIL fees that accrue to the protocol revenue (penalty, batch, and overestimation fees) declined QoQ.” 

Between July and September, Filecoin’s protocol revenue totaled $14.8 million, declining by 15% from the $17.6 million recorded in Q2. Filecoin’s supply-side revenue measured in FIL also plummeted. Messari found. 

“Supply-side revenue in FIL decreased 16% in Q2’23 to 14.8 million FIL (down 34% in USD terms). The decrease was driven by an overall reduction of FIL reward issuance due to the exponential decay model and primarily the baseline minting model.” 

Source: Messari

During the period under review, Filecoin’s supply-side revenue derived from block rewards, storage deal payments, and tips to speed up transactions totaled $800,000, witnessing a 68% decrease.

State of FIL

At press time, FIL exchanged hands at $3.80. Benefitting from the general market uptrend in the past 24 hours, FIL’s value rallied by 9% in the last 24 hours, according to data from CoinMarketCap. 

See also  Cryptoquant Insights: Bitcoin Miners See Revenue Boost as Hashrate Soars

How much are 1,10,100 FILs worth today?


With an 18% jump in value in the last week, FIL’s Open Interest in the derivatives market has increased. At $99 million at press time, this has climbed by 32% in the last three days, data from Coinglass showed. 

Source: Coinglass

With the market significantly marked by positive funding rates at press time, participants continued to open trade positions in favor of a price rally. 

Source: Coinglass

Tags: Filecoinsplungedrevenue

Related Posts

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor
Altcoins

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

June 25, 2024
Toncoin heats up: What does $398M in trading volume indicate?
Altcoins

Toncoin heats up: What does $398M in trading volume indicate?

June 25, 2024
Another $600M Exits, Price Drops Lower
Altcoins

Another $600M Exits, Price Drops Lower

June 25, 2024
Bitcoin faces downward pressure as Mt. Gox prepares for repayments
Altcoins

Bitcoin faces downward pressure as Mt. Gox prepares for repayments

June 25, 2024
XRP at a crossroads: A drop to $0.445 or rally to $0.5 next?
Altcoins

XRP at a crossroads: A drop to $0.445 or rally to $0.5 next?

June 24, 2024
True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares
Altcoins

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

June 24, 2024
Next Post
MicroBT Unveils Highly Anticipated WhatsMiner M60 Series at Blockchain Life 2023 in Dubai

MicroBT Unveils Highly Anticipated WhatsMiner M60 Series at Blockchain Life 2023 in Dubai

Comments 28

  1. vohyz says:
    3 months ago

    can i purchase generic clomid without a prescription how to get generic clomid without dr prescription clomid for sale uk can you get clomiphene online where to buy clomid price can you buy cheap clomid online clomiphene medication for women

    Reply
  2. buy cialis eli lilly says:
    3 months ago

    With thanks. Loads of erudition!

    Reply
  3. flagyl drinking alcohol says:
    2 months ago

    More posts like this would persuade the online space more useful.

    Reply
  4. iyttr says:
    2 months ago

    azithromycin 500mg brand – tindamax 500mg generic buy metronidazole tablets

    Reply
  5. oq5wh says:
    2 months ago

    order rybelsus generic – cheap periactin 4 mg order periactin 4 mg pill

    Reply
  6. 0vnrr says:
    2 months ago

    motilium pill – domperidone uk cyclobenzaprine oral

    Reply
  7. ytycr says:
    2 months ago

    inderal 10mg price – buy inderal 10mg generic purchase methotrexate online

    Reply
  8. 09p1n says:
    2 months ago

    buy amoxil sale – where to buy combivent without a prescription cheap combivent 100mcg

    Reply
  9. arvjv says:
    2 months ago

    purchase azithromycin generic – buy zithromax generic buy nebivolol 5mg online cheap

    Reply
  10. 6s1h6 says:
    2 months ago

    purchase augmentin without prescription – at bio info acillin canada

    Reply
  11. 8p9o4 says:
    2 months ago

    buy nexium pills – nexiumtous buy nexium pill

    Reply
  12. 8d310 says:
    2 months ago

    warfarin sale – coumamide purchase cozaar online

    Reply
  13. o5m8e says:
    2 months ago

    meloxicam order online – https://moboxsin.com/ mobic 7.5mg uk

    Reply
  14. 5cwmx says:
    2 months ago

    deltasone 10mg without prescription – https://apreplson.com/ prednisone us

    Reply
  15. 4a56z says:
    2 months ago

    erection pills that work – can you buy ed pills online best ed pills online

    Reply
  16. jtfr6 says:
    2 months ago

    amoxil online buy – amoxil pills amoxil pills

    Reply
  17. 8agpf says:
    1 month ago

    oral forcan – order diflucan 100mg pill cheap fluconazole 100mg

    Reply
  18. 1e903 says:
    1 month ago

    cenforce pills – https://cenforcers.com/ cenforce 50mg pill

    Reply
  19. cta37 says:
    1 month ago

    cialis sales in victoria canada – ciltad genesis tadalafil tablets 20 mg reviews

    Reply
  20. Connielet says:
    1 month ago

    zantac 150mg sale – https://aranitidine.com/# ranitidine online buy

    Reply
  21. fqot6 says:
    1 month ago

    how much does cialis cost with insurance – https://strongtadafl.com/# buy cialis without doctor prescription

    Reply
  22. Connielet says:
    1 month ago

    I couldn’t turn down commenting. Well written! chevita doxycycline t

    Reply
  23. cpss9 says:
    1 month ago

    best price on viagra 100mg – https://strongvpls.com/# viagra buy china

    Reply
  24. sev46 says:
    1 month ago

    Greetings! Utter productive suggestion within this article! It’s the scarcely changes which wish make the largest changes. Thanks a a quantity towards sharing! purchase azithromycin online

    Reply
  25. Connielet says:
    1 month ago

    This is the compassionate of writing I truly appreciate. https://ursxdol.com/ventolin-albuterol/

    Reply
  26. frrko says:
    4 weeks ago

    More articles like this would remedy the blogosphere richer. levitra 20mg prix

    Reply
  27. Connielet says:
    3 weeks ago

    More text pieces like this would create the web better. https://ondactone.com/simvastatin/

    Reply
  28. Connielet says:
    2 weeks ago

    I couldn’t weather commenting. Warmly written!
    https://proisotrepl.com/product/toradol/

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Bitcoin Network’s Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap

Bitcoin Network’s Mining Difficulty Drops 3.9% to 70.34 Trillion, Easing Miner Workload Amid Texas Cold Snap

January 21, 2024
BREAKING! Donald Trump Was Attacked! There Was a Sudden Jump in the Price of This Altcoin!- Bitcoin Passed $59,000!

BREAKING! Donald Trump Was Attacked! There Was a Sudden Jump in the Price of This Altcoin!- Bitcoin Passed $59,000!

July 14, 2024
Bitcoin Miner MARA Holdings Upgraded to Overweight at JPMorgan; IREN and Riot Cut to Neutral

Bitcoin Miner MARA Holdings Upgraded to Overweight at JPMorgan; IREN and Riot Cut to Neutral

July 28, 2025
Russian Crypto Mining Hotspot Cracks Down on Illegal Miners

Russian Crypto Mining Hotspot Cracks Down on Illegal Miners

March 21, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • What Is Impermanent Loss? How It Works, and How to Avoid It
  • What Is an Algorithmic Stablecoin? How It Works and Why It Matters
  • Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.