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Filecoin's bullish trend rests on a solid foundation, supported by favorable technical factors and overall positive market sentiment.
✅ Cooperation with Solana
The Filecoin team has announced a strategic partnership with the Solana ecosystem, which integrates Filecoin's decentralized storage solution. They will help optimize data backup, increase memory capacity and improve security.
Anatoly Yakovenko, the founder of Solana, even reminded his followers on the social network X (formerly Twitter) that the original design of the Solana archiver was originally based on some developments from the Filecoin technical documentation.
✅ Partnership with Pyth Feeds
Filecoin has announced an integration with financial oracle network PythNetwork. It provides real-time financial market data to blockchains. More than 50 protocols are currently connected to PythNetwork. The Filecoin team believes that the integration with Pyth Feeds is extremely important: users will have access to reliable market data, which will increase trust in the entire ecosystem.
In general, Filecoin willingly cooperates with various protocols. For example, last year the project launched an engine for EVM compatibility called Filecoin Virtual Machine (FVM). It allows developers to build applications and connect them to the largest public network. This openness is paying off, increasing interest in Filecoin and making its token more in demand.
✅ Increasing the volume of stored data
Since 2023, the amount of data hosted on the Filecoin platform has increased 3.8 times to 1,800 PiB PiB (international notation PiB) or pebibyte, 1 pebibyte = 2[^50] bytes). This was announced on the official page of the project on Twitter. Most of this data came from contributors outside the web industry.
