Messari has released the Filecoin Q1 2024 status report with the following key points: Active trading volume increased by 9%; Storage utilization increased from 18% in Q4 to 23% in Q1; Filecoin FVM TVL exceeded $600 million, with a month-on-month growth of about twice.

Binance is expected to suspend Filecoin (FIL) token deposit and withdrawal services on April 11 at 21:00 (UTC+8) to support its network upgrade and hard fork. The project team will upgrade the network and conduct a hard fork at block height 3,817,920 (estimated to be at 22:00 on April 11, UTC+8).

Decentralized storage service Filecoin has partnered with Solana to improve the reliability and scalability of the blockchain. Solana will use Filecoin's infrastructure to enhance data redundancy, scalability, and security while maintaining its commitment to decentralization. Filecoin sees this partnership as a significant move away from centralized storage solutions and a step towards democratizing data storage. The Solana blockchain recently experienced an outage due to a bug-induced infinite loop, but the team has since deployed a fix, and the Solana token (SOL) has maintained its value.

According to a report by Messari, the storage market for Filecoin continued to grow in Q4 of 2023, with a 23% increase in active trading compared to the previous quarter and a 414% increase compared to the same quarter of the previous year. At the same time, storage utilization increased from 13% in Q3 of 2023 to 18% in Q4 of 2023, while Filecoin's storage capacity continued to decline by 15% compared to the previous quarter.

Relying on centralized data storage has a major shortcoming: it's hard to systematically verify the integrity of the stored data. The Filecoin storage network is a peer-to-peer version of Amazon S3. It’s built on top of the InterPlanetary File System (IPFS), which serves as the Filecoin network’s distributed data storage and sharing layer. Filecoin regularly verifies the storage of data and uses deals that price the storage based on supply and demand dynamics, instead of a fixed pricing structure.

Filscriptions, a script aggregation trading market based on Filecoin, officially launched. The first script project on Filscriptions, file, was engraved in just a few hours, with a high engraving address of 5,000. File is based on the FIL-20 protocol and has a total issuance of 21,000, with each one containing 1,000 coins.

Binance will support the Filecoin (FIL) network upgrade and hard fork, with the following specific arrangements: