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Demystifying Filecoin’s Revenue

Jun 28, 2022 ⋅  8 min read

Filecoin's active storage deals increased 507% YoY, but protocol revenue remained relatively flat. Enabling data storage for near-zero costs contributed to this growth in active deals. While FIL accrues value from burning network transaction fees, there is a need for more more value-added services to increase token utility and demand.

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Sami Kassab is an Enterprise Research Analyst focusing primarily on Web3 Infrastructure and Bitcoin. Sami previously spent 5 years as an Aerospace Engineer designing aircraft engines and missile & defense systems.

Mihai is director of research at Messari. Mihai and his team cover base layers, mid-layer infrastructure, DeFi, and consumer. Prior to joining Messari, Mihai was a tech entrepreneur and worked in AI at UBS and Swiss Re. His background is in computer science and math. Mihai holds a PhD in information systems from ETH Zurich, Switzerland

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About the authors

Sami Kassab is an Enterprise Research Analyst focusing primarily on Web3 Infrastructure and Bitcoin. Sami previously spent 5 years as an Aerospace Engineer designing aircraft engines and missile & defense systems.

Mihai is director of research at Messari. Mihai and his team cover base layers, mid-layer infrastructure, DeFi, and consumer. Prior to joining Messari, Mihai was a tech entrepreneur and worked in AI at UBS and Swiss Re. His background is in computer science and math. Mihai holds a PhD in information systems from ETH Zurich, Switzerland

Mentioned in this report