Messari releases Filecoin 2024 Q1 report: Active transactions increased by 9% month-on-month, and storage utilization increased to 23%

PANews reported on May 7 that according to Messari report, Filecoin showed significant growth in the first quarter of 2024. The platform's storage market active transactions increased by 9% quarter-on-quarter, and the storage utilization rate increased from 18% in the fourth quarter of 2023 to 23%, despite a 14% quarter-on-quarter decrease in storage capacity. By the end of the first quarter of 2024, more than 2,000 users had uploaded data sets on Filecoin, of which 508 users had uploaded large data sets exceeding 1,000 TiB, showing a 9% quarter-on-quarter growth.

Since the launch of Filecoin Virtual Machine (FVM) in the first quarter of 2023, the DeFi ecosystem has continued to develop. Pyth and Uniswap V3 (Oku.trade) were launched this quarter, and GLIF deposits grew more than 2 times quarter-on-quarter. FVM has deployed more than 3,400 independent contracts, an increase of 26% from the end of the fourth quarter of 2023. At the same time, FVM’s total locked value (TVL) exceeded US$600 million in this quarter, an increase of nearly 2 times from the previous quarter. Additionally, Filecoin is actively developing its DePIN partnerships and focusing on increasing enterprise adoption.