👉These are the metrics you need to understand Starboard’s Filecoin Network Health Dashboard (dashboard.starboard.ventures), which presents comprehensive key insights to the health of the #Filecoin Network. [PART 1: STORAGE CAPACITY]
1/ There are three metrics used in our Network Storage Capacity graph: Total RB Capacity, Total QA Capacity and Change in RB Capacity.
2/ These are some key things to consider when reading the Network Storage Capacity graph:
We took a brief look at #Filecoin's $FIL Address Data and Value Flow and here’s what we learned: (A thread)
1/ Total active addresses on the #Filecoin network reached 1.8M, with daily active addresses at 11.2K; and an average daily growth of 1.1K in recent weeks!
2/ At its peak in September 2021, Monthly Active Addresses of the #Filecoin network hit 200K but currently sits at around 100K, with recent daily active addresses of about 10K. In comparison, there are 350K Daily Active Addresses on #Ethereum.
Our weekly @Filecoin Network Update: Growth all around! Daily Changes in Storage Capacity is at its highest this year, while ⬆️ in network activity brings Daily Active Deals to a new all-time high! 🚀🚀
1/ Daily Change in Storage Capacity on #Filecoin reached a yearly high of 126.58 PiB on 14 April 2022––its highest since June 2021! The network’s total storage has increased by 2.71% (0.43 EiB) since last month, bringing the total capacity to 16.27 EiB.
2/This growth can be attributed to the significant increase in the no. of active deals on the network, which has achieved an all-time high of 3mil deal counts! ~80% of these active deals belong to Filecoin Plus, which had an exponential increase in adoption since mid-Dec 2021.
@Filecoin today fulfills its value of being a dependable decentralized data storage solution, and seeks to expand its value with programmability through the FVM project. (A thread)
1/ FVM allows the Filecoin blockchain to unleash a proliferation of new services and tools that can be built and deployed on the network without requiring network upgrades, involvement from core implementation maintainers, changes in the embedded actors, or spec alterations.
2/ The release of smart contracts on Filecoin could provide huge benefits to both clients and providers; from enabling "repair providers" that automate the process of repeat storage deals for programmatic “fire and forget” storage, to on-chain storage onboarding contracts––
$FIL, $STORJ, $SIA and $AR are all useful Web3 data storage solutions that provide forward-looking alternatives to current cloud providers. @Filecoin currently ranks first in terms of used storage and storage capacity:
1/ @Filecoin also has a vibrant ecosystem of over 330 projects, including NFTs and gaming. You can read more about this at messari.io/article/fileco….
2/ Another difference lies in data storage duration and scalability. @arweave is unique in its promise for perpetual storage but limited in scale while @Filecoin, @storj and @Sia__Foundation operate on a contract-based model––
How #NFTs can leverage decentralized data storage solutions like @Filecoin@arweave and @nft_storage to be trustlessly verifiable and immutable (A thread)
While NFTs like #boredapes and #cryptopunks gained a lot of media exposure in the past year, the #NFT movement has also received a lot of criticism and scrutiny due to illegitimate projects and rug pulls.
Despite these, NFTs still ride the wave of popularity, with everyone wanting a piece of the pie. Before dismissing it as a fad, however, it's important to note that NFTs actually form the non-fungible asset layer for #Web3––the backbone for new forms of financial instruments.
Too many $FIL in circulating supply? Here's why. (A thread)
1/ Sector onboarding on Filecoin has slowed down since the network’s peak, resulting in lower initial pledge locked as collateral.
2/ Since Filecoin has upgraded 10-25x in scalability, the network usage now isn't at its full potential. This results in a lower number of tokens being burned as network fees.