Filecoin's Q2’24 Performance and Developments

In Q2’24, Filecoin saw a 6% drop in active storage deals but a growth in storage utilization from 23% to 26%. Over 2,000 clients have onboarded data, with 518 adding large datasets over 1,000 TiB. The Filecoin Virtual Machine (FVM) has over 3,700 unique contracts, with a total value locked (TVL) reaching an all-time high of 63 million FIL. Filecoin is developing as a decentralized physical infrastructure network, offering new data services and aiming to increase enterprise adoption. Protocol upgrades like the FVM and Interplanetary Consensus (IPC) are enabling compute-over-data services, which are crucial for the network’s growth.