Proof-of-Replication (PoRep): On-chain state mapping: Existence
Investment View
A transparent and highly participatory decision-making system is being established.66 Operation of various implementations: In addition to Lotus, there are several independent clients such as Venus and Forest (Rust implementation), distributing the risk of network paralysis due to bugs or monopolies in specific code.26 Public Goods Funding (RetroPGF): Retroactive public goods funding introduced from 2024 provides cumulative rewards of more than 1 million FIL to ecosystem contributors and guarantees the permanence of the development ecosystem.66. Notary bias risk: If the notary class that approves Verified Deals is entrenched in a small number of powerful organizations, there is a potential risk...
Filecoin is a decentralized storage network that combines a distributed storage market, cryptoeconomic rewards, Proof-of-Replication/Proof-of-Spacetime-based verification, and FIL payment tokens. The initial narrative was to secure “the world's largest decentralized storage capacity,” but the strategy for 2025 and 2026 is moving toward paid usage, verifiable data, FVM-based on-chain services, and Fast Finality rather than expanding storage supply.
Investment View
Filecoin's overall maturity is evaluated at 71.4/100. In particular, the strategy shift in 2025 and 2026 shows that Filecoin is moving away from simple storage capacity competition and toward a verifiable on-chain cloud. Based on DefiLlama, the scale of chain profits is still small, and the official strategy presents paid use and strengthening network profitability as key goals.