Filecoin's hash rate is tanking, down 1EiB in just 13 days, dipping below 15EiB. Vendors aren't renewing contracts, stakes are plummeting, and circulating supply is soaring—secondary market pressure is massive! As the master says: every upward move is a chance to take profits.
As of May 28, 2026, Filecoin's total network hash rate stands at 14.823EiB, below 15EiB, down 1026.048PiB (1.002EiB), with storage hitting a historic low! Physical space (actual storage) is at 1.7EiB, hitting new lows; a lot of hash power is terminating sectors early and releasing stakes.
Total hash rate has dropped from around 20EiB in January 2026 to 5.177EiB less by May 28, 2026, which is 5301.248PiB, averaging a daily decrease of 36PiB. The drop in hash rate is accelerating, with stakes significantly down, circulating supply on the rise, and secondary market selling pressure at an all-time high. Unless we see some epic mega bullish news, a turnaround seems tough! Otherwise, the downtrend is hard to change!
Total releases hit 993.58 million; DC hash rate is at 1.46EiB, continuing to slide; total circulation is 870 million, still increasing, averaging a daily rise of 380,000; total stakes stand at 78.8 million, still decreasing, averaging a daily drop of 250,000; total burns are at 42.251 million, averaging close to 4,000 burned daily (considering the decreasing hash rate, minimal gas burn suggests that a large amount of hash power terminating sectors is causing penalties).
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