đ Reflecting on 2023, #Filecoin's journey was marked by significant strides in technology and adoption. A surge in active storage deals and the launch of the Filecoin Virtual Machine (#FVM) set a foundation for growth.
Let's delve into the latest 2023 insights from the 'State of Filecoin' by @FilecoinTLDR and explore what lies ahead in 2024! Ready? ⤾ď¸
2023 Retrospective: âŤď¸ Storage Boom: Active deals soared to 1,800 PiB with 20% storage utilization. âŤď¸ FVM Launch: Introduced FIL lending, contributing 11% to total collateral locked by Storage Providers, with Total Value Locked hitting $200M. âŤď¸ Retrievals: Enhanced reliability and standout releases from @FilecoinSaturn (3,000+ nodes, sub-60ms TTFB) and @FilecoinStation. âŤď¸ Compute Triumphs: Real-world utility demonstrated by @BacalhauProject and others.
Themes for 2024: âŤď¸ Synergies: Expect Filecoin to seamlessly integrate with compute, #AI, and #DePIN networks for collaborative growth. âŤď¸ Web2 Enterprise Data Storage: Strengthened offerings from teams like @BanyanComputer, @SealStorage, and Steeldome cater to the unique needs of enterprise clients. âŤď¸ DeFi on the Rise: Continued growth in on-chain DeFi protocols, including DEXes, Oracles, and CDPs.
Looking Ahead to 2024: âŤď¸ Synergies Galore: Filecoin's improvements enable seamless interaction with other ecosystems, promising many use cases. âŤď¸ Web2 Enterprise Solutions: Teams like @BanyanComputer, @SealStorage, and Steeldome address enterprise needs, offering adaptability and compatibility. âŤď¸ On-chain DeFi Surge: More services, including @SushiSwap and @Uniswap, bring diverse DeFi offerings on-chain, expanding the ecosystem.
In 2024, Filecoin anticipates widespread adoption, particularly in compute, AI, and targeted enterprise sectors. On-chain service revenue and growing DeFi activities are set to propel Filecoin into its next remarkable growth phase. âď¸
Eager for more details? Read the full report: https://filecointldr.io/article/state-of-filecoin-2024
