Filecoin had an investment inflow from 21% to $ 99 million in the 4th quarter of 24 thanks to 10% new customers
- Filecoins tributaries in Q4 2024 rose by 21% QoQ to $ 99m, which reflects the increased trust of investors and the growing demand for Fil-assured loans.
- Filecoins storage capacity shrank by 13 % compared to the previous quarter, while customer growth rose by 10 %, which is due to important partnerships.
According to the Message State of Filecoin Q4 2024 Filecoin recorded an inflow of $ 99 million by Messari in the fourth quarter of 2024, which corresponds to an increase of 21 % compared to the $ 82 million in the third quarter. The strong increase in the deposits indicates the stronger trust of investors and greater demand for liquidity, which is probably driven by network incentives and a growing preference for Fil-secured loans. At the same time, the drains increased by 50% from USD $ 75 million compared to the previous quarter.
Compared to Q4 2023, the inflows rose by $ 53 million, which illustrates a significant expansion of the Filecoin loan sector. Despite this growth, the tributaries remained below the top value of $ 146 million in Q1 2024.
The tributaries of 21 million FIL and the drainage of 15 million FIL were constant, which indicated that the price increase of 30 % has influenced the USD fluctuations more than the shifts in lending. The circulating market capitalization of Filecoin increased by 36 % to $ 3.0 billion in the quarterly comparison, with the Fil price increasing from $ 3.8 in the third quarter of 2024 to $ 4.9.
Filecoins storage space shrinks by 13% – but that is wanted
In a remarkable postponement, Filecoin has pushed the pure memory growth back and preferred the introduction to companies and compliance-friendly storage. In the quarterly comparison, the rawbytes storage capacity fell by 13 % from 4.8 EIB to 4.2 Eib, since Filecoin focused on the inclusion of high -quality storage customers. Since the highest level of 17 EIB in the 3rd quarter 22, changed economic incentives to exit smaller providers, which dropped the number of active storage providers from 4,100 in Q3 2022 to 1,900 in Q4 2024.
Nevertheless, the storage use improved from 31 % in the third quarter to 32 % in the fourth quarter of 2024. The strategic realignment of the network prioritizes AI-controlled memory, data protection and long-term archiving compared to the pure volume and refines the structure of incentives and deals.
Filecoin now focuses on the integration of company storage and goes into partnerships with Destor, Seal, Aethir and Filecoin Web Services in order to offer safe, scalable and AI-capable storage solutions. These efforts ensure that the network in the decentralized memory sector remains competitive. In May 2024, Filecoin also launched Basin, the first data shift 2 solution worldwide, as reported.
Filecoins customer base grew by 10% in the 4th quarter of 24
At the end of Q4 2024, Filecoin had 2,263 customers on board, an increase of 10 % compared to 2,060 customers in Q3. It is noteworthy that 751 customers had large data records of more than 1,000 tib on board, which indicates a growing need for decentralized storage on the company scale.
This growth was boosted by FIP-0092, which was introduced in the 3rd quarter of 2024 with the waffle upgrade and lowered the entry barriers for new storage providers. With the update, the non-interactive proof of replication (Ni-Porep) was introduced, which improves the efficiency of the detection, reduces the computing costs and makes memory expansion more accessible.
The expansion of corporate partnerships also contributed to this increase. Destor, an important Filecoin service provider, entered into a partnership with Qamcom DDS to improve safety and scalability. Customers such as Yaypal (a web3 game studio with over 500,000 users) and Fieldstream (a AI-controlled marketing analysis company) were included in the Filecoin ecosystem.
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