Messari Releases Filecoin Q1 2024 Report: 9% Monthly Increase in Active Transactions, 23% Increase in Storage Utilization

On May 7th, according to Messari's report, Filecoin showed significant growth in the first quarter of 2024. The platform's storage market active transactions increased by 9% month-on-month, and storage utilization improved to 23% from 18% in the fourth quarter of 2023, despite a 14% month-on-month decrease in storage capacity. By the end of the first quarter of 2024, Filecoin had more than 2,000 user-uploaded datasets, of which 508 users uploaded large datasets with a size of more than 1000 TiB, showing a 9% month-on-month increase.
Filecoin Virtual Machines (FVM) The DeFi ecosystem has continued to grow since its launch in the first quarter of 2023. Pyth and Uniswap V3 (Oku.trade) were launched in the quarter and GLIF deposits increased more than 2x quarter over quarter. FVM deployed more than 3,400 standalone contracts, a 26% increase from the end of Q4 2023, while total locked-in value (TVL) of FVM exceeded $600 million in the quarter, an increase of nearly 2x quarter over quarter. In addition, Filecoin is actively developing its DePIN partnership and is focused on increasing enterprise adoption rates.