2024 is a pivotal year for Filecoin - Looking ahead to 2025
1. Accelerating Paid Transactions
Paid transactions are an ecosystem-level metric that reflects the volume of paid services within the Filecoin network. FilecoinTLDR is currently tracking this metric here.
In 2024, Filecoin made significant progress in accelerating paid transactions by reducing the friction for enterprises entering the ecosystem, achieving key advancements such as the development of Proof of Data Possession (PDP) and the emergence of Layer 2 solutions.
2. Growing On-chain Activity
Filecoin has made significant strides in accelerating on-chain activity through FVM, which has stimulated the growth of its DeFi economy. The proposed Filecoin Web Services (FWS) and the launch of FIL collateralized stablecoins will further drive this momentum.
DeFi Milestones
• As of December 16, 2024, over 4,700 unique contracts have been deployed on FVM, achieving over 3 million transactions. Driven by staking, liquid staking, and DEX, the average net deposits of DeFi activity on FVM exceeded 30M FIL ($200M), with GLIF leading at 62%, followed by FilFi (10%) and SFT protocols (9%). The average net borrowing was 26M FIL ($173M), highlighting the strong growth of the Filecoin DeFi ecosystem.
3. Becoming Indispensable
DePIN has gained prominence, and Filecoin has strengthened its position through key partnerships with AI and computing projects. Meanwhile, on-chain archiving has gained significant recognition through major entry partnerships.
“…Thanks to Filecoin for building a fantastic decentralized archiving layer.” – Anatoly (Co-founder of Solana)
