Binance Research released a report titled "Exploring Decentralized Storage" which points out that the development trend of decentralized storage technology in recent years, the increase in global data generation, and the increase in interest in blockchain technology will be the main driving force for the continued development of decentralized storage. With the rise of projects such as Filecoin, Arweave, and Storj, decentralized storage technology has gradually been recognized by the market. The recently launched BNB Greenfield has also become one of the focuses worthy of attention. However, centralized storage is still the first choice for most users because it provides an intuitive user experience and a mature product suite.
Decentralized storage networks use a peer-to-peer model to encrypt and distribute data to user-driven storage providers. These providers are compensated in the project’s native token for providing unused computing resources. Currently, Filecoin is performing well in terms of market capitalization, storage capacity, and used storage, while Storj has achieved high network utilization by focusing on enterprise customers.
The report also highlights BNB Greenfield’s native integration with BNB Chain, a unique advantage that enables it to directly access the DeFi ecosystem, potentially driving the rise of a new data economy driven by financial activities, bringing new capital and user base to the industry.
