Messari Report: Filecoin storage market continues to grow in Q4 2023

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.

As of the end of 2023, over 1800 customers have introduced datasets to Filecoin, with 465 customers having datasets larger than 1000 TiB, representing a 10% increase compared to the previous quarter and a 196% increase compared to the same quarter of the previous year. The Filecoin Virtual Machine (FVM) has introduced Ethereum-like smart contracts to support new use cases. Since its launch in March 2023, TVL has exceeded $230 million by the end of 2023.

The proposal to deploy Uniswap V3 on FVM has been successfully executed, and a new phase of DeFi applications based on the Filecoin network may be on the horizon. The launch of the FIP0001v2 community plan is aimed at improving and expanding the Filecoin Improvement Process (FIP) and governance procedures.