This week, the storage sector as a whole fell by 5%, Filecoin fell by 3%, and the two forked coins have skyrocketed;

The computing power of Filecoin's entire network has increased by an average of 9.6PiB per day, and the lack of mortgage coins is still the biggest bottleneck;

3.8PiB computing power will be deducted from Space-Time Cloud & Smart Node;

Asset cross-chain protocol Ren plans to cross-chain 4 types of assets such as Filecoin to Ethereum;

The Filecoin Plus beta version will be launched, and the foundation will become the first notary;

Secondary market

Secondary market

Performance of the storage sector

According to CoinMarketCap data, as of 16:00 on November 8th, the storage sector included a total of 29 project tokens, a total of 12 with a market value of over tens of millions of dollars; only 4 tokens with a market value of over 100 million dollars (see the figure below) Among them, Filecoin (FIL) has the highest market value, reaching 900 million US dollars.

In the past 7 days, among the top 4 storage tokens by market value, FIL and BTT have fallen by 3-4 points, and Ocean Protocol (OCEAN) has risen strongly by 10 points; among the top 10 storage tokens by market value, MaidSafeCoin ( MAID) recorded a higher increase of 14.5%.

According to Feixiaohao data, the platform has included a total of 20 projects, and the sector concept fell by 5.84% this week.

The sector leader FIL and its forked coins

image description

Non-small, 17:00 on November 8

Let’s look at the two major forks of Filecoin, Filecash with a 24H turnover of US$870,000 and FileStar with a turnover of US$420,000.

Historical trend of Filecash

Historical trend of Filecash

image description

Filecoin mining situation

Filecoin mining situation

according to

according toFilfoxAccording to Feihu browser data, as of 7:00 on November 9th, the computing power of Filecoin’s entire network has reached 822.8PiB. Since its launch on October 15th, the computing power of the entire network has grown at an average rate of 9.6PiB/day. The daily required pre-staked coins are 65,000. At the same time, the output in the past 24 hours is 166,480 pieces, of which 25% (41,620 pieces) can be unlocked the next day, and the remaining 180 days are released linearly. It can be seen that the token gap required by miners for pre-mortgaging is still large. This can be described as a major obstacle to the growth of the computing power of the entire network.

Filecoin block reward

Filecoin currently rewards 12.3576 FIL per block, an increase of 14% compared to when the mainnet was launched. The average mining income of the network in the past 24 hours is 0.1995FIL/TiB. The change curve within 7 days is shown in the figure below, and the overall change is not significant.

The main miners of Filecoin

The current number of active miners in the entire network of Filecoin (the number of miners whose current effective computing power is greater than 0) is 718, and 55% of the computing power of the entire network is distributed in Asia (mainly China), and the other continent where the computing power focuses is Europe (accounting for than 35%).

Looking at individual miners, the top three in terms of computing power distribution are Zhiheyun, Shikongyun&Lingdong, and hellofil.com. If you take a closer look, Zhiheyun is originally a Chinese company, but the marked area is in the United States, and Space-Time Cloud & Lingdong does not indicate the geographical location of the computing power. It can be seen that the computing power of Chinese miners accounts for far more than 55% of the entire network.

Overall, the current effective computing power of the top five miners is above 22PiB, accounting for more than 2.5% of the total network computing power, and the mining efficiency is not much different, between 0.19-0.21FIL/TiB.

Important progress of the storage sector project

Important progress of the storage sector project

Filecoin talks with Aave, Ren, and ConsenSys to discuss the possibility of Filecoin+DeFi

From October 19th to 23rd, to celebrate the launch of the Filecoin mainnet, Filecoin officially organized and participated in nearly 30 seminars and roundtable activities. On November 6, the official blog published the details of the conversation between team member Colin Evran and Aave founder Stani Kulechov, Ren CTO Loong Wang and ConsenSys Codefi chief product manager Corbin Page. The 4 people discussed the status of Filecoin in the DeFi ecosystem, possible landing scenarios, and possible solutions for DeFi to provide FIL liquidity to miners.

Asset cross-chain protocol Ren plans toFilecoin4 types of assets cross-chain to Ethereum

Icon information for four new cross-chain assets appears in the asset cross-chain protocol Ren Protocol developer documentation, including Dogecoin (DOGE), DGB, Filecoin (FIL) and Terra (LUNA), which may mean that Ren will give priority to Consider cross-chain support for these four types of assets. Previously, Ren officially announced on Twitter that it is planning to cross-chain FIL to the Ethereum network.

FilecoinThe Plus beta will go live and the foundation will be the first notary

On November 6, Filecoin officially stated in the Slack community that it will launch a beta version of Filecoin Plus. Filecoin Plus is an important proposal for an effective data verification storage mechanism. Data storage that passes the audit of a notary will receive 10 times the computing power. The proposal stated that the Filecoin Foundation will be nominated as the first notary to help specify reasonable operating guidelines that future notaries can follow. The specific content of the proposal has been uploaded to GitHub.

Protocol Labs Partners with Internet Archive to LaunchFilecoin Archives

Last week, encryption firm Protocol Labs partnered with digital database Internet Archive to launch Filecoin Archives, a community project aimed at preserving information and datasets. Users can contribute to the project in several ways, including suggesting information that can be stored, uploading data directly to the Internet Archive, saving data as a Filecoin node, and earning FIL by sharing their storage space. (The Block)

Weekly "New Items"

The storage sector is famous for Filecoin, but with the continuous emergence of storage projects, no matter in the form of new public chains, in the form of Layer 2, or based on Polkadot and other basic projects with cross-chain nature, they are all booming. Therefore, Odaily will also briefly introduce a storage project every week.

The above-mentioned Ocean Protocol (OCEAN) Ocean Protocol, which ranks third in market value, was introduced this week.

According to public information, Ocean Protocol was originally a distributed data exchange protocol based on the Polkadot ecosystem. The protocol allows data providers to interact with data consumers through a decentralized data market, while ensuring the controllability and auditability of data by all participants. Ocean Token (OCEAN) serves as a carrier of value transfer and a means of motivating network nodes on the protocol network.

Its latest progress is that on July 31st, Coinbase included it and Kava and other star projects into the new investigation list. On October 28, Ocean Protocol released Ocean V3, which features data tokens, Oecan Market, and IDOs (Initial Data Offerings), making it easier for people to publish, automatically price and sell data. As of November 3, the blockchain security company Certik tweeted that Ocean Protocol's V3 contract has passed the audit.

From the perspective of tokens, Ocean Protocol has received early investment from seven major capitals including Digital Currency Group. The tokens were circulated in May 2019. It performed best in July and August this year, recording 1.5 times and 2.7 times increase. Compared with the initial issue price, OCEAN has achieved a 335% increase, but it is still 30% lower than the historical high in August this year. As of press time, its token price is $0.521.