Investing
Filecoin storage utilization surpasses 7% in Q2: Report
© Reuters
According to a July 13 report by Messari, currently averages 954.2 pebibytes (1.07 billion gigabytes) worth of storage deals on its network, compared with 12.2 exbibytes (14.1 billion gigabytes) worth of raw storage capacity. Until recently, uptake had been sluggish due to high storage costs compared with centralized alternatives such as Amazon (NASDAQ:) Web Services.
During the most recent quarter, the protocol generated 2.5 million of its own Filecoin (FIL) in revenue, amounting to $11.5 million, representing a decline of 40.7% compared to last year’s second quarter in dollar terms. However, the decline was partly due to a sharp drop in the price of FIL tokens due to the 2022 cryptocurrency bear market, which was somewhat offset by the sharp increase in active storage deals.
Continue Reading on Coin Telegraph
Read the full article here
-
Investing4 days ago
This All-Access Pass to Learning Is Now $20 for Black Friday
-
Investing7 days ago
Are You Missing These Hidden Warning Signs When Hiring?
-
Passive Income4 days ago
How to Create a Routine That Balances Rest and Business Success
-
Make Money7 days ago
7 Common Things You Should Never Buy New
-
Side Hustles5 days ago
Apple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Side Hustles6 days ago
MIT Gives Free Tuition For Families Earning $200,000 or Less
-
Passive Income5 days ago
Customers Want More Than Just a Product — Here’s How to Keep Up
-
Side Hustles4 days ago
Gift the Power of Language Learning with This Limited-Time Price on Babbel