PANews reported on November 1 that according to a Messari report, Filecoin's new storage transaction volume in the third quarter of 2024 increased by 16% month-on-month, storage utilization increased from 26% in the second quarter to nearly 30%, and storage capacity decreased by 18% month-on-month. As of the end of the third quarter, more than 2,000 users had stored data sets on Filecoin, of which 518 users stored large data sets of more than 1,000 TiB.

In addition, more than 4,500 independent contracts have been deployed on the Filecoin Virtual Machine (FVM), and the net DeFi deposits in FVM exceed 20 million FIL (about 84 million US dollars), mainly used for guarantees, liquidity pledges and DEX. Filecoin is gradually becoming a decentralized physical infrastructure network (DePIN), providing a decentralized storage market for enterprises and supporting computing and artificial intelligence applications. The Filecoin Network Service (FWS) framework was also released in the third quarter to provide a verifiable service market and expand data solutions through relationships with partners in the AI field.