# Filecoin (FIL) — crypto price, market cap and strength versus Bitcoin > Filecoin trades at $0.7145 with a market capitalisation of $635.5M (rank 92). Over 90 days it is -3.1% against Bitcoin and sits below its 200-day average. DePIN as a theme is -1.3% against Bitcoin over 13 weeks. Price readings run through 2026-07-31. ## Agent research brief - What this coin is: Filecoin (FIL), a DePIN token of $635.5M at market-cap rank 92. On-chain activity is sourced from protocol + chain TVL. - What the tape says: -3.1% versus Bitcoin over 90 days; below its 200-day average. DePIN as a theme is -1.3% against Bitcoin over 13 weeks. - What the evidence supports: 44.1/100 inside DePIN on 71% evidence (43% of it native activity). Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. - What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Filecoin does publish network fees, protocol revenue, total value locked. Theme: DePIN (/mla/crypto/sector/depin). Price 2026-07-31; market-cap snapshot 2026-07-04. ## Price, returns and risk Filecoin is -70.2% over one year, -23.3% over 90 days and -2.9% over 30 days. Annualised 30-day volatility is 58%. Its deepest fall from a high inside the last 90 days is 47%. It trades below its 200-day average, which is falling. - Price: $0.7145 - Market cap: $635.5M (rank 92) - Returns: 7d -0.6%; 30d -2.9%; 90d -23%; 180d -31%; 1y -70% - RS versus Bitcoin, 90d: -3.1% - 30-day volatility: 58% annualised; deepest 90-day fall 47% - 200-day average: $0.9313, trading below it ## Protocol economics Filecoin publishes 3 of the six network-economics series this site tracks: network fees, protocol revenue, total value locked. Network fees over the last four complete quarters is $2.5M. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter. - Network fees: trailing four quarters $2.5M; change —; covered 7/20 quarters - Protocol revenue: trailing four quarters $2.5M; change —; covered 7/20 quarters - Total value locked: latest quarter $3.8M; change -87%; covered 16/20 quarters ## Research score Filecoin: 44.1/100 — Tape-led · on-chain proof incomplete; 15.3 + 12.5 + 5.0 + 11.3 = 44.1; evidence 71%; native evidence 43%; rank 12 of 21 rated DePIN coins Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters. No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built. ## DePIN scorecard Filecoin is one of 24 DePIN coins here, 21 of which carry enough evidence to be rated and ranked. Filecoin ranks 12 of those 21 on 71% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked. - 1. Geodnet (GEOD): score 75.2; evidence 86%; Illiquid · research only - 2. Beldex (BDX): score 64.2; evidence 50%; Tape-led · on-chain proof incomplete - 3. XPIN Network (XPIN): score 62.9; evidence 50%; Illiquid · research only - 4. Bless (BLESS): score 61.5; evidence 50%; Illiquid · research only - 5. Janction (JCT): score 56.8; evidence 50%; Illiquid · research only - 6. StorX (SRX): score 55.2; evidence 50%; Illiquid · research only - 7. JasmyCoin (JASMY): score 51.3; evidence 50%; Tape-led · on-chain proof incomplete - 8. XYO Network (XYO): score 50.7; evidence 50%; Illiquid · research only - 9. BitTorrent (BTT): score 50.5; evidence 21%; Illiquid · research only - 10. Nym (NYM): score 49.6; evidence 50%; Illiquid · research only - 11. peaq (PEAQ): score 45.7; evidence 50%; Illiquid · research only - 12. Filecoin (FIL) [this coin]: score 44.1; evidence 71%; Tape-led · on-chain proof incomplete - 13. Powerledger (POWR): score 39.6; evidence 50%; Illiquid · research only - 14. IOTA (IOTA): score 38.3; evidence 55%; Tape-led · on-chain proof incomplete - 15. Ankr Network (ANKR): score 37.3; evidence 91%; Lagging · market gate closed - 16. MVL (MVL): score 35.9; evidence 50%; Illiquid · research only - 17. Pocket Network (POKT): score 35.9; evidence 50%; Illiquid · research only - 18. Chia (XCH): score 35.3; evidence 50%; Illiquid · research only - 19. Siacoin (SC): score 35.2; evidence 50%; Illiquid · research only - 20. Helium (HNT): score 30.5; evidence 50%; Illiquid · research only - 21. Impossible Cloud Network Token (ICNT): score 29.8; evidence 50%; Illiquid · research only ## Limitations - Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders. - Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag. - No valuation band exists for any coin: historical market capitalisation is not held at all. - Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred. - The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal. ## FAQs ### What is Filecoin (FIL)? Filecoin is a DePIN cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol + chain TVL. It is one of 24 DePIN coins on this site. Readings are as of 2026-07-31. ### What is the market cap of Filecoin? Filecoin's market capitalisation is $635.5M, ranking it 92 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above. ### Is Filecoin beating Bitcoin? Filecoin is -3.1% against Bitcoin over 90 days, and its own theme, DePIN, is -1.3% over 13 weeks. It trades below its 200-day average as of 2026-07-31. ### Does Filecoin have a P/E ratio? No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead. ### What is Filecoin's research score? 44.1/100 within DePIN, ranked 12 of 21 rated DePIN coins, on 71% evidence: 15.3 + 12.5 + 5.0 + 11.3 = 44.1. It is labelled “Tape-led · on-chain proof incomplete”. The score ranks research attention inside one theme, never portfolio action. ### How much Filecoin history does this page show? Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Filecoin actually publishes. Here that is network fees, protocol revenue, total value locked. ### Does Filecoin generate network fees? Filecoin's trailing twelve-month network fees is $2.5M. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.