Filecoin (FIL)
Filecoin ranks #32 of 484 cryptocurrencies. On a list that also counts tokens, memecoins, wrapped coins, staked derivatives and stablecoins it appears at #89: 57 of the 88 assets ahead of it are not native coins but tokens or claims. A token is issued on a host blockchain rather than running its own; a claim stands for an asset already counted. Of the 75 non-native assets CoinSpectrum lists above it by market cap, about 56% are claims on other assets, 39% are tokens and 5% are memecoins.
| CoinSpectrum Grade | A · 74/100 · provisional, A to A+ |
|---|---|
| Rank among cryptocurrencies | #32 |
| Rank counting claims | #89 |
| Market capitalisation | $631M |
| Price | $0.7463 |
| Circulating supply | 845,717,115 FIL |
| Maximum supply | no fixed cap |
| Consensus family | Proof of Space / Storage |
| Consensus mechanism | PoRep + PoSt (Expected Consensus) |
| Network purpose | Decentralized storage |
| Ledger type | Multi-asset ledger |
| Launch distribution | Presale |
| Regulatory class | Contested |
Market figures from the 10 November 2026 build. Open the live view for every exchange's price, and charts.
CoinSpectrum Grade (Source)
A — 74 out of 100, provisional (from 10 of 10 sections, 10 November 2026 build). With what is not yet measured anywhere from nothing to full marks, the score would be 70 to 77 (A to A+).
| Section and criteria | Score | Basis |
|---|---|---|
| Consensus | 5.5 | average of 2 criteria |
| By leader (its largest chain's market cap) (Source) | 5.5 | Proof of space: 5.5 of 10 on the ladder of consensus families ranked by their largest chain's market cap |
| By family (all its chains' market cap) (Source) | 5.5 | Proof of space: 5.5 of 10 on the ladder of families ranked by the combined market cap of their chains |
| Supply | 7.6 | the supply scale times 0.9, and a point for a fixed cap that holds |
| Supply (21 million scores 10) | 8.4 | no fixed maximum; 846 million in circulation |
| Distribution | 7.5 | average of 3 parts |
| Holder concentration (Source) | – | Not yet measured |
| Active addresses | – | Not yet measured |
| Premine (allocated at launch) | 3.9 | 61% of today's supply allocated at launch to founders, a company, a foundation or investors. Non-mining genesis allocations total 600M FIL (10% fundraising, 15% Protocol Labs, 5% Filecoin Foundation, of the 2B base), now essentially fully vested, against a current total supply (mined plus vested, net of burns) of 983.68M FIL (Filfox API, 2026-10-23). source |
| Fundraising (share sold) (Source) | 8.5 | Sold by its issuer or insiders: 15.2% of supply sold. The Filecoin spec says 7.5% of FIL_BASE (150M of 2B) was sold in the 2017 presale and SAFT sale; the other 2.5% of the fundraising bucket was kept for ecosystem development and possible future fundraising, with no sale recorded. 150M / 983.68M total supply (Filfox, 2026-10-23) = 15.2%. $52M advisor/presale (Sequoia, a16z, USV and others) plus a SAFT sale on CoinList to accredited investors in August and September 2017. Filecoin says the total was $205.8M including the presale; The Block and CoinDesk report $257M ($205M plus $52M). source |
| Developer share (after launch) | 10 | No developer share: every new coin goes to the miners or validators who produce blocks. No cut. New FIL is minted only as block rewards to storage providers from the 1.1B mining allocation (simple plus baseline minting); the 300M mining reserve is unminted and has not been released, and Protocol Labs/Filecoin Foundation allocations are genesis vesting, not a share of block rewards. source |
| Decentralisation | 9.7 | average of 4 parts |
| Governance (Source) | 10 | No authority can halt the chain or freeze funds: No party can freeze or claw back FIL; no deliberate halts. source |
| No central team (Source) | 10 | No central team: Three independent clients: Lotus (FilOz, ex-Protocol Labs), Forest (ChainSafe) and Venus (IPFSForce); changes go through FIPs. source |
| Who can mint (Source) | 10 | Open to anyone with disk space: anyone can produce blocks by proof of space, no permission needed |
| Nodes (Source) | 8.9 | 458 reachable nodes (source: Active) |
| Security | 8 | 6.4 of 8 points source |
| Pool diversity (Largest pool 50% 0 to 20% 10, largest three 90% 0 to 50% 10; 2 points) | 10 | largest 1.28%, largest three 3.3% |
| Network activity (Transactions a day, 250 0, 500,000 or more 10; 2 points) | 6.7 | about 41,399 transactions a day |
| Hashrate (Own work 5, its power 1 kW 0 to 10 GW 5; 1 point) | 1 | not mined: another consensus, 1 |
| Clients (Separate code and teams 10, separate code or teams 9, a fork by the same team or a stale second 8; one client: a new version within 12 months 7, 24 months 6, none in 24 months 5, none in 48 months 3; a second in development +0.5, a second seen running +1, 8 at most with one client; chain ended 0; 1 point) | 10 | Lotus (Go, FilOz, v1.39.0, Nov 2026), Forest (Rust, ChainSafe, v0.39.0, Oct 2026) and Venus (Go, IPFSForce, v1.21.1, Oct 2026) |
| Open source (Node software) | ✓ | |
| No 51% attack (Nor a deep reorganisation, five years) | ✓ | |
| Scalability | 8.2 | average of 5 parts source |
| Fees ($0.001 or less 10, $1 or more 0) | 10 | typical fee $0.000005 |
| Throughput (2,478 a second, the busiest network's peak day, 10; 121, the median of the ten busiest, 5) | 9 | about 1,360 simple transactions a second |
| Block time (10 minutes 10, less either side) | 5.3 | a block every 30 seconds |
| Block space per 10 minutes (24 MB or more 10: the ten busiest networks' median demand, 16.4 MB, and half again for growth) | 10 | 38.5 MB limit (converted from its gas, compute, mass or count limit), 769 MB per 10 minutes |
| Features (3 checks) | 6.7 | 2 of 3 passed |
| Fast payments (Safe to accept within seconds · Whitepaper abstract, §1, §2 and §11) | ✗ | 30 s epochs; F3 fast finality brings finality to minutes, not seconds. |
| Pruned nodes (Old history dropped, every rule checked · Whitepaper §7) | ✓ | Lotus SplitStore keeps a hot store of recent state and discards cold chain history; lite nodes are separate. |
| Light clients (Payments verified from headers · Whitepaper §8) | ✓ | F3 fast finality (FIP-0086, 2025): finality certificates signed by at least 2/3 of power let light clients verify finalized tipsets. |
| Privacy | 3.5 | 3.5 of 10: whitepaper privacy 3.5 of 7, extra features 0 of 3, 1 not yet researched source |
| Protocol level privacy (Keys not tied to an identity · Whitepaper §10) | 10 | Anyone can create keys and receive and send coins; the protocol carries no identity check. |
| UTXO ledger (Separate outputs, change to a new address · Whitepaper §2, §9) | 0 | An account ledger: one running balance for each address, so the remainder stays at the sending address and its payments share one public history. |
| HD addresses (A new address for each payment, unlinked · Whitepaper §10) | – | |
| Hidden amounts (Amounts confidential) | 0 | No confidential transactions. |
| Hidden parties (Sender and receiver hidden) | 0 | No sender or receiver hiding. |
| Network privacy (Origin hidden by default) | 0 | Lotus publishes messages over libp2p GossipSub directly. |
| Programmability | 8.9 | 8 of 9 points source |
| Token issuance (At protocol level) | 2 | ERC-20 contracts on the Filecoin EVM (FEVM), open to any account since the March 2023 network upgrade (nv18). |
| Smart contracts (General-purpose) | 2 | The Filecoin Virtual Machine lets users deploy their own contracts (FEVM, since the nv18 upgrade of March 2023). |
| Multisig and time locks (Without a third party) | ✓ | Built-in multisig actor plus timelock contracts on the FEVM. |
| Atomic swaps (With other chains) | ✓ | FEVM can run EVM HTLC contracts (hash lock plus timelock refund). |
| Native DEX (Trades the coin itself, not a claim) | ✓ | Traded as itself, not as a wrapped token or a claim: its own chain's DEXes (Filecoin, DefiLlama). |
| Cross-chain messaging (Verified by the chain itself) | ✗ | No protocol messaging to other chains; bridges are third-party. |
| NFTs (Carried by the chain's rules) | ✓ | ERC-721 contracts on the FEVM. |
| Demand | 7.1 | average of 7 measures |
| Exchanges (10 or more: 10) | 10 | 42 exchanges |
| Daily volume ($10K 0, $1B or more 10) | 7.2 | $28,411,262 traded in 24 hours; #54 by volume on the exchanges the site reads (scored on the median day of the last 30, $39,291,948) |
| Turnover (volume ÷ market cap, 5% a day: 10) | 9.8 | 4.6% of its market cap a day, median of the last 30 days |
| Order-book depth (±2% of the price ÷ market cap, 1%: 10) | 9 | $3,153,438 within 2% of the price on 9 exchanges, 0.50% of its market cap, median of the last 15 days |
| Market cap ($1M 0, $10B or more 10) | 7 | $631M, 7 on a scale of 2.5 points per tenfold |
| Paper trading (futures, options and margin ÷ market cap, 0%: 10, 100%: 0) | 5.9 | futures, options and margin positions 17% of its market cap |
| Wallet support (wallets that hold it, 10 or more: 10) | 1 | its own node and wallet, counted as 1: no wallet in the site's directory lists it yet |
| Record | 8.3 | average of 3 criteria |
| Age (years since genesis) (Source) | 8 | 8 full years since 2017-11-23, the first day with a recorded price (genesis not yet researched, so the age can only be understated). |
| Development (work, fixes, vulnerabilities) | 7 | 2 positive, 0 negative, 2 not yet researched source |
| Positive | ||
| Steady work, 6 of 6 | ✓ | 529 commits in 12 of the last 12 months (github.com/filecoin-project/lotus); filecoin-project/lotus v1.38.3, 2026-10-21; 41 stable releases in 24 months. |
| Shipped a new capability for users in two years, +1 | ✓ | nv25 Teep, Apr-May 2025: FIP-0097 adds EIP-1153 transient storage to the FEVM. |
| Not yet researched | ||
| Shipped a security fix in two years | – | |
| Shipped a scaling upgrade in two years | – | |
| Conduct (origin, claims, halts) | 10 | 3 positive, 0 negative source |
| Positive record | ||
| Launched with a stated purpose, not as a joke | ✓ | |
| No claims by its founders that contradict its own design | ✓ | |
| No halt, freeze or reversal in five years | ✓ | |
Ten sections, weighted equally, each 0 to 10: consensus (the two ladders), supply (the supply scale and a fixed cap that holds), distribution (premine, fundraising, developer share, holders), decentralisation (governance, no central team, who can mint, nodes), security, scalability, privacy, programmability (what the scripting layer can do beyond the whitepaper's payment system), demand, and record (age, development, conduct). They are built from the criteria in the second table: privacy, scalability, security and decentralisation are the Cryptocurrency Standards among them, as follows: privacy (the whitepaper's three checks a base of 7 of 10, three extra features up to 3 more), scalability (four measures and three features), security (pool diversity, network activity, hashrate, clients and two checks) and decentralisation (governance, no central team, who can mint, nodes, holders, premine, fundraising and developer share); programmability (token issuance, smart contracts and five checks) follows them, and supply and demand are two: the supply, scored against 21 million, and demand, the average of seven measures of the market and the wallets. Provisional: parts marked — are not yet measured and are left out of the average. A rating of structure and market depth, not a price forecast or investment advice. How the grade is built · Highest-graded cryptocurrencies.
Proof of Space / Storage coins
Arweave 
Chia 
Fruits 
Spacemesh Proof of Work coins
Bitcoin BTCA+
Zcash ZECA+
Dogecoin DOGEA+
Monero XMRA+
Bitcoin Cash BCHA++
Litecoin LTCA+
Ethereum Classic ETCAAll Proof of Work chains →Supply
845,717,115 FIL are in circulation, against no fixed cap — issuance has no defined end.
Launch and allocation
| Premine (allocated at launch) | 61% of today's supply |
|---|---|
| Sold by the issuer or insiders | 15.2% of today's supply |
| Developer share received since launch | 0% of today's supply |
| Developer share of new coins today | 0% |
| Nodes or validators | 458 |
| Fundraising | Private or venture funding |
Non-mining genesis allocations total 600M FIL (10% fundraising, 15% Protocol Labs, 5% Filecoin Foundation, of the 2B base), now essentially fully vested, against a current total supply (mined plus vested, net of burns) of 983.68M FIL (Filfox API, 2026-10-23).
$52M advisor/presale (Sequoia, a16z, USV and others) plus a SAFT sale on CoinList to accredited investors in August and September 2017. Filecoin says the total was $205.8M including the presale; The Block and CoinDesk report $257M ($205M plus $52M).
The Filecoin spec says 7.5% of FIL_BASE (150M of 2B) was sold in the 2017 presale and SAFT sale; the other 2.5% of the fundraising bucket was kept for ecosystem development and possible future fundraising, with no sale recorded. 150M / 983.68M total supply (Filfox, 2026-10-23) = 15.2%.
No cut. New FIL is minted only as block rewards to storage providers from the 1.1B mining allocation (simple plus baseline minting); the 300M mining reserve is unminted and has not been released, and Protocol Labs/Filecoin Foundation allocations are genesis vesting, not a share of block rewards.
Sources: spec.filecoin.io · bclplaw.com · spec.filecoin.io · docs.filecoin.io · filecoin.io · coindesk.com. Researched 2026-10-24, high confidence.
What a regulator has said
Alleged an unregistered security by the SEC (2023 complaint); not named a commodity in 2026 and not adjudicated — status unsettled.
The regulator's position, reported as stated, not CoinSpectrum's. Assets nobody has ruled on are left unclassified rather than sorted by a guess.
How CoinSpectrum ranks Filecoin
Filecoin is #32 among cryptocurrencies and #89 in the market ranking, which lists wrapped coins, staked derivatives, stablecoins and tokens alongside them. CoinSpectrum counts an asset once, and counts only cryptocurrencies: assets with their own blockchain and their own consensus. A wrapped coin, a staked derivative or a stablecoin is a claim on something already counted; a token, memecoin or otherwise, runs on another chain's blocks. All of them are listed, each in its own section, and none is added to the total. The 57 places between Filecoin's two ranks are held by claims and tokens, not by other networks. The methodology sets out the rule and the counting rule argues for it.
The price above is the median of the exchanges the site reads live, checked every minute and cross-checked against a market snapshot (how market data is gathered). The grade is scored on published criteria, each with its source (the method). The site is independent, nothing on it is a paid placement, and its statements are signed (about CoinSpectrum, the manifesto).
See the 1 wrapped and staked claim on Filecoin →