Messari Report: Filecoin Storage Market Continues to Grow in Q4 2023.

Ritu13

Golden Finance reports that Messari has released a status report for the fourth quarter of 2023 on Filecoin, with the following key points: The storage market for Filecoin continued to grow in the fourth quarter of 2023, with active transactions increasing by 23% compared to the previous quarter and a year-on-year growth of 414%. At the same time, storage utilization increased from 13% in Q3 2023 to 18% in Q4 2023, while Filecoin's storage capacity continued to decline by 15% quarter-on-quarter. By the end of 2023, over 1800 clients had introduced datasets on Filecoin, with 465 clients having datasets exceeding 1000 TiB, showing a 10% increase compared to the previous quarter and a 196% year-on-year growth. Filecoin's Virtual Machine (FVM) introduced Ethereum-like smart contracts to support new use cases. Since the launch of FVM in March 2023, the Total Value Locked (TVL) has exceeded $230 million by the end of 2023. The proposal to deploy Uniswap V3 on FVM has been successfully executed, possibly marking a new phase for DeFi applications built on the Filecoin network. The launch of FIP0001v2 community plan is aimed at improving and expanding the Filecoin Improvement Process (FIP) and governance processes.

Yamini003

I don't understand these financial data.

Jiten171

What kind of market is the storage market?

Kahn332

There are various growth figures, and they are quite significant.

Indra55

Reports are usually generated for continuous growth.