TLDR: Uniswap on-chain transfers grew 233% and transaction count climbed 196% over three months. Binance’s 7-day UNI net outflow deepened to -516,112 UNI, 755% below its 3-month baseline. The Fee Switch redirects 0.05% of trading fees toward a buy-and-burn mechanism for UNI. UNI trades at $2.92, roughly 18% below its 3-month average despite surging network activity. Uniswap’s on-chain data is painting a picture that diverges sharply from its spot price. Over the past three months, total tokens transferred on the network grew 233%, while transaction count rose 196%.
At the same time, Binance’s 7-day average net outflow deepened to -516,112 UNI — a figure that moved 755% more negative relative to its 3-month baseline.
Exchange reserves on Binance dropped roughly 6.8% over the same window, with UNI trading at $2.92 as of writing.
Fee Switch Shifts UNI From Governance Tool to Revenue Asset The timing of this on-chain divergence aligns directly with Uniswap’s Fee Switch activation. The UNIfication proposal, passed with near unanimity, activated the long-awaited fee switch and introduced a buy-and-burn mechanism that directs a portion of protocol revenue toward reducing UNI supply. The structural change repositions UNI from a pure governance token into a cash-flow-linked asset.
Source: Cryptoquant
The mechanism works like a buyback-and-burn model, resembling how a company repurchases shares. As protocol usage grows, UNI supply shrinks, creating deflationary pressure and stronger value alignment. That dynamic appears to be influencing how token holders approach custody.
Participants who previously held UNI on exchanges for speculative trading may be withdrawing to self-custody in anticipation of fee-related utility.
The Binance outflow deepening to -516,112 UNI on a 7-day average supports this behavioral reading. That outflow rate does not emerge from routine trading patterns alone.
Under the fee switch structure, Uniswap V2 trades still cost 0.30% total, but liquidity providers now receive 0.25%, with the remaining 0.05% routing to the protocol for burning. This fee redirection, while small per transaction, compounds meaningfully at Uniswap’s scale.
Binance Outflows Compress Exchange Supply as Activity Climbs The most structurally relevant aspect of the current setup is the sequencing of these data points. On-chain transfer volume and transaction counts are both tracking well above their 6-month means. Yet UNI’s price at approximately $2.92 sits roughly 18% below its 3-month average of $3.80.
That spread between rising activity and declining price creates a specific supply-side condition. Binance reserves are compressing while on-chain movement accelerates, a pattern that has historically preceded periods where reduced exchange supply meets renewed demand. The combination here is not coincidental.
Net sequencer fees from Unichain will also route into the burn system, creating a deflationary loop where protocol usage growth reduces UNI supply.
As more pools activate and additional fee sources come online, the pace of supply reduction is expected to increase over time.
The data collectively suggests UNI may be undergoing a holder composition shift rather than a straightforward price correction. Whether the Fee Switch narrative translates into sustained demand absorption remains open.
However, deepening Binance outflows combined with surging on-chain activity reduce available sell-side supply at precisely the moment UNI’s fundamental story is attracting fresh attention.
Recent on-chain metrics from the Uniswap network point to a sharp increase in user activity, but this momentum is not yet reflected in the price of its native token. Over the past three months, the total volume of tokens transferred on the network climbed by a remarkable 233 percent while transaction counts jumped 196 percent. Despite this uptick in engagement, the UNI token continued to hover around $2.92 at the time the data was compiled.
The gap widens between network metrics and token priceAccording to the data, the 7-day average net outflow for UNI on Binance reached 516,112 UNI. This figure indicates a net flow that is 755 percent lower than the baseline average from the past three months. During the same period, UNI reserves on Binance dropped approximately 6.8 percent.
While on-chain transfer volume and transaction counts have surged in the past three months, UNI’s price remaining at $2.92 highlights a clear divergence between network activity and market valuation.
Uniswap is recognized as one of the leading decentralized exchanges operating on the Ethereum blockchain. The platform enables users to swap tokens directly without intermediaries. Latest analytics highlight that while traffic on the network has grown substantially, this spike has yet to translate into equivalent gains in the token’s price.
At a glance: Recent Uniswap metrics
IndicatorDataTransfer volume change+233%Transaction count change+196%Binance 7-day net flow516,112 UNI outflowBinance reserve change-6.8%UNI price$2.92Fee Switch reshapes supply dynamicsNotably, the rise in on-chain activity coincided with Uniswap introducing its Fee Switch mechanism. The nearly unanimously approved “UNIfication” proposal activated a long-awaited modification, redirecting part of trading fees toward UNI buyback and token burn rather than solely compensating liquidity providers.
Mini-Glossary: The Fee Switch refers to a protocol’s capability to allocate a portion of transaction fees not only to liquidity providers but also to the protocol treasury or mechanisms supporting the token’s economy. Buy and burn means tokens are purchased from the market and permanently removed from circulation.
With this update, UNI is evolving from being just a governance token toward closer alignment with protocol revenues. In Uniswap V2, the total trading fee remains at 0.30 percent per transaction, out of which 0.25 percent is paid to liquidity providers and 0.05 percent is diverted to the protocol for token burning.
Though 0.05 percent per transaction seems minor, given Uniswap’s scale this mechanism could trigger substantial long-term supply reduction.
Withdrawals from exchanges could restrict selling pressureThe data also suggests that some investors have begun moving their UNI away from exchanges to private storage, hinting at a potential shift away from short-term trading. The pronounced UNI outflows from Binance may signal broader changes in user behavior beyond ordinary daily transactions.
Nevertheless, UNI’s price continues to lag, trading nearly 18 percent below its three-month average of $3.80. While network activity is on the rise, the price lag and ongoing outflows point to a market phase where liquidity supply tightens but demand has yet to keep pace.
Additionally, the report notes that net sequencer fees from Unichain will also feed into the burn system. As more pools and fee sources are introduced, the pace of supply reduction could accelerate in the future.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Starting today, teams can configure and launch a Uniswap Auction directly from the Uniswap Web App.
Auctions are powered by Continuous Clearing Auctions (CCA), Uniswap’s liquidity bootstrapping and token distribution protocol. Already teams like Aztec, Cap, and more have used Uniswap Auctions to run permissionless, onchain, transparent token distributions.
Why launch an auction with CCA? Fixed price sales force teams to select arbitrary prices without market input, and offchain allocation creates a lack of transparency. CCA is designed to make token distribution more transparent and market-driven:
Onchain price discovery. CCA discovers a clearing price through participant demand. Bidders submit a budget and maximum price, and the auction clears based on total demand over time. Fairer participation mechanics. CCA spreads each bid across the auction’s remaining blocks, so bids aren’t competing on speed. In Aztec’s auction, onchain data showed no clear instances of sniping or automated price manipulation. Transparent allocations. Auction parameters and outcomes are visible onchain from start to finish. Participants can verify the process, and teams can launch without relying on opaque offchain allocation systems. Liquidity from day one. CCA isn’t just for distribution. It also helps teams bootstrap liquidity after the auction, so teams benefit from having DeFi liquidity from day one. The CCA contract system has been reviewed through seven independent audits, including reports from OpenZeppelin, Spearbit, and more. The interface supports Ethereum, Base, Arbitrum, and Unichain, with more chains coming soon.
Launching an auction with Uniswap Until now, launching with CCA required manually deploying smart contracts. The new launch flow gives teams an interface for configuring and launching an auction with an existing token or by creating a new one, with configurable auction and pool details.
Once launched, auctions are immediately accessible via Uniswap Web App's Auctions tab. The flow has three steps:
Add token info Import an existing token or create a new one by providing details like token ticker, project name, token image, and network you'd like the auction to go live on.
Configure auction Set the auction parameters, including currency, supply, auction duration, and more.
Customize pool Configure the post-auction liquidity setup, including LP allocation and pool parameters. This helps move from token distribution into usable liquidity after the auction ends.
Teams can also customize advanced auction settings, including range selection, custom fund allocation, identity requirements, and verification.
Get started Teams can start by opening the Uniswap Web App and navigating to the Launch Auction page.
Teams can now launch token auctions directly from the Uniswap Web App using Continuous Clearing Auctions, with no code required.
Uniswap has added a no-code token auction tool to the Uniswap Web App, letting any team configure and launch an onchain token sale from a browser without writing code.
The tool runs on Uniswap's Continuous Clearing Auction mechanism, which conducts price discovery entirely onchain. In a CCA, bids accumulate across multiple blocks, each clearing at the same price that carries forward from the previous one.
Bidders set a total budget and a maximum price per token. As blocks clear, participants receive tokens if their price is competitive, and everyone pays the same final clearing price. Because the auction distributes across time rather than resolving in a single block, it removes the speed advantage that favors bots and last-second sniping.
Uniswap described the mechanics in a post on Aztec's token sale, which raised $59 million from 17,000 bidders across 191 countries and cleared at a price 60% above Aztec's floor.
The new web-app flow guides teams through four steps: adding token information, configuring the auction, customizing the liquidity pool, and launching. Uniswap posted a walkthrough of the setup sequence Wednesday. Once the auction closes, liquidity routes directly into a Uniswap pool, giving projects price discovery and a bootstrapped trading pair in a single flow. The dedicated @UniswapAuctions account tracks live auctions and outcomes.
The mechanism has a live track record on the platform. Cap Labs' $CAP auction drew 1,002 unique bids, closed 5.5x oversubscribed, and cleared at a $106 million fully diluted valuation, drawing $16.4 million in total commitments. STRATO ran a CCA that grew into the fourth largest in Uniswap's history. Both ran before the no-code interface existed.
Launching a token has always been a messy affair. Between bot sniping, fragmented liquidity, and the need to build custom interfaces just to run a sale, the process has historically favored insiders over actual communities. Uniswap is trying to change that with a new feature that lets teams run token auctions directly from its web app, no bespoke front-end required.
The feature, built on what Uniswap calls Continuous Clearing Auctions (CCA), went live with a dedicated Auctions tab on February 2, 2026. The underlying CCA protocol itself launched back in November 2025, but the web app integration, announced on January 28, 2026, is what makes it accessible to teams that don’t want to build their own auction infrastructure from scratch.
How continuous clearing auctions actually work Teams define the key parameters: which token they’re selling, the starting price, a floor price, and how long the auction runs. Bids flow in continuously and settle at a uniform clearing price, meaning everyone who wins pays the same price, regardless of when they bid during the auction window. Everything happens onchain, which means the entire bidding process is transparent and verifiable.
When an auction concludes, it automatically seeds a Uniswap v4 liquidity pool. So the token doesn’t just get sold; it immediately has a trading venue with real depth.
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The feature works across four chains: Ethereum mainnet, Base, Unichain, and Arbitrum. Verified auctions on the platform meet objective team-identity criteria, which adds a basic layer of due diligence for participants browsing the Auctions tab.
Why this matters: the bot sniping problem CCA’s uniform-price settlement mechanism is specifically designed to neutralize the bot sniping advantage. Because all successful bidders pay the same clearing price, there’s no benefit to being microseconds faster than everyone else. The incentive shifts from speed to conviction.
Integration with Uniswap v4 and the bigger picture For teams, the value proposition is straightforward. They get access to Uniswap’s existing user base without building a separate interface. They get transparent price discovery without worrying about manipulation. And they get instant post-auction liquidity through automatic v4 pool creation.
The multi-chain deployment covers Ethereum, Base, Unichain, and Arbitrum, supporting projects regardless of which chain they build on.
Uniswap’s support documentation was updated as recently as May 2026, walking users through the process of discovering auctions via the Explore page, placing bids, and claiming tokens after settlement.
What this means for investors Token auctions that previously required navigating obscure interfaces or joining specific communities are now discoverable through the Uniswap web app. The uniform clearing price mechanism means the price a participant pays depends on collective demand rather than execution speed and gas optimization.
Verified auction status is based on team-identity criteria, but that doesn’t mean the underlying tokens are safe investments. A transparent auction for a worthless token is still a worthless token. The mechanism improves how tokens are sold, not whether they should be bought.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Cumulative protocol revenue has reached approximately $23.15 million since the fee switch went live, with daily revenue clocking in at $129,274 and 30-day revenue hitting roughly $4.9 million.
The fee switch changes everything That changed on December 28, 2025, when the fee switch was activated on Ethereum. The mechanism redirects around 17% of swap fees toward protocol revenue, which is then used for UNI buybacks and burns.
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The rollout didn’t stop at Ethereum. Governance votes expanded the fee mechanism to Layer 2 solutions in March and June 2026, capturing revenue across the broader ecosystem where Uniswap operates.
Total fees generated by the Uniswap protocol sit at approximately $845 million annually. The 17% redirect means only a fraction flows to the protocol itself, but even that fraction is producing meaningful numbers. Annualized revenue estimates range from $26 million to nearly $58 million depending on the data source and timeframe.
From governance token to value-accruing asset Before the fee switch, UNI was essentially a voting ticket with no direct claim on protocol cash flows. Now, with revenue being directed toward buybacks and burns, UNI supply is being reduced at an estimated rate of 0.4% per year.
What this means for investors For UNI holders specifically, the key metric to watch is the annualized revenue trajectory. The gap between the low estimate of $26 million and the high estimate of $58 million is significant, and where the actual number lands will depend heavily on overall DeFi trading activity and the continued expansion to additional chains.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@Uniswap has made it possible for any team to configure and run a public token auction directly from its web app, with no smart-contract deployment or developer resources required. Starting now, teams can configure and launch a Uniswap Auction directly from the Uniswap Web App. The feature is built on Uniswap's Continuous Clearing Auction (CCA) protocol, a permissionless protocol designed to help teams bootstrap liquidity on Uniswap v4 and find the market price for new and low-liquidity tokens.
How the auction mechanism works Projects start by defining how many tokens to sell, a starting price, and how long the auction will run. They can also customise with options like running in tranches, adding verification tools such as ZK Passport, or building entirely new modules on top of the platform. Each bid is automatically spread across the remaining blocks of the auction using the same maximum price for every split. A bid only fills if the block's clearing price is at or below the bidder's limit. At the end of each block, the protocol sets a single market-clearing price, the highest price at which all tokens for that block can be sold.
Supply clears continuously over time to reduce sniping, limit volatility, and converge toward a price shaped by demand. When the auction ends, liquidity is automatically created on Uniswap v4 at the discovered price. For token teams, the Auctions tab means CCAs automatically have an interface for users to participate in token auctions, with no time spent building bespoke frontends or testing custom interfaces. The CCA protocol contracts are live on Ethereum, Unichain, Arbitrum, and Base.
Aztec shows what is possible In November 2025, Aztec ran the first token distribution using a Continuous Clearing Auction, raising $60 million from more than 17,000 bidders with no instances of sniping or automated manipulation detected. The entire auction happened fully onchain, giving participants a real-time view into how the market formed.
Liquidity formation often happens behind closed doors, creating information gaps and thin, unstable markets once tokens trade openly. With CCA, auctions run fully onchain, with transparent pricing, bidding, and settlement. CCAs were not built for a single use case. They can be used to distribute supply, bootstrap liquidity, or establish a market price for assets with limited existing liquidity.
Sources
Uniswap Labs: Token Auctions Are Coming to the Uniswap Web App
The Block: Uniswap to Roll Out Continuous Clearing Auctions on Main Frontend
Uniswap Labs: Continuous Clearing Auctions, Bootstrapping Liquidity on Uniswap v4
Uniswap [UNI] token’s daily trading volume was down 26%, though the altcoin rallied 2% in the past 24 hours. It was laboring under a longer-term downtrend, and has fallen by almost 20% over the past week.
The losses came alongside a wider market sell-off, as Bitcoin [BTC] retreated from $67k to $62k in a week.
Source: UNI/USDT on TradingView On the 1-day chart, the swing structure was bearish. The latest downward continuation came about earlier in June, when the prices dropped past the $2.845 low to reach $2.316. Based on the latest leg downward, a set of Fibonacci retracement levels was plotted.
It showed that the price bounce to $3.72 last week was only a relief rally. This bounce reached the 61.8% retracement level but has since begun to plummet, in line with the higher timeframe price trend.
Can UNI accumulation trends halt the downtrend? Source: Glassnode The Uniswap holder accumulation ratio’s weekly moving average has been trending higher over the past month. This metric tracks the proportion of active holders whose positions increased in size, compared to those whose position size reduced.
Since it focuses exclusively on active users, it can give some insight into what active market participants are up to.
Source: CryptoQuant Crypto analyst CryptoOnchain pointed out that the Uniswap onchain data was showing a structural shift, disconnected from the spot price. Over the past three months, total transaction count increased by 196%, and the total tokens transferred on the network surged by 233%.
The UNIfication proposal was approved in late 2025. The fee switch activation, a buy-and-burn model that went live earlier this year, has led to the divergence between onchain metrics and spot price, the analyst wrote.
The 7-day average netflow from Binance was -516,112 UNI, which was 755% more negative than the 3-month baseline flows.
The exchange reserves on Binance have also decreased by 6.8%.
Sustained outflows from exchanges combined with falling reserves point to accumulation. This trend has been ongoing for six months, but the UNI price trends have remained bearish.
A renewed wave of demand can accompany a broader market sentiment shift later this year or early in 2027. This could catalyze a turnaround in UNI’s fortunes. Until then, the data suggests a holder composition shift, and investors shouldn’t expect a transition to an immediate rally.
Final Summary Uniswap’s long-term price trends remained bearish, and a downward move to $2.31 and $1.78 is possible in the coming weeks. The on-chain data showed a divergence with the bearish price trends and indicated a shift in holder composition.
PANews June 25 news, according to The Defiant, Uniswap has added a no-code token auction tool to its Web app, allowing any team to configure and launch on-chain token sales directly through a browser without writing code. The tool operates on Uniswap’s continuous liquidation auction mechanism, where bids accumulate across multiple blocks, each block clears at the same price, bidders set a total budget and a maximum unit price, and ultimately all winning bidders pay the same clearing price. Because the auction is distributed over time rather than completed within a single block, it eliminates the speed advantage of bot front-running and last-moment sniping. The new tool guides teams through four steps: adding token information, auction configuration, liquidity pool customization, and launch. After the auction ends, liquidity is routed directly to a Uniswap pool, enabling a one-stop process for price discovery and trading pair launch.
Behind the rollercoaster-like price fluctuations of cryptocurrencies, there exists another class of coins that promises to offer price stability. Stablecoins attempt to bring in the best of both fiat, as well crypto, and over the past few years, they have gained massive traction, primarily because it is a major source of liquidity in the cryptocurrency market.
Unlike cryptocurrencies, the value of a stablecoin is pegged to a stable real-world asset that can range from commodities to fiat, held in reserve by the stablecoin issuer, bringing in centralization factor to the game. Meaning, there has to be a central authority holding and monitoring the backing of such crypto-assets.
This goes against the very ethos of cryptocurrencies. Along the same lines, Wiess Crypto Ratings’ latest tweet read,
“There’s a big problem with the 1st generation of #stablecoins: Users have to trust a central authority to hold sufficient dollar balances to back the coins they issued.”
Tether is unarguably the biggest stablecoin in the realm. Tether, with a market cap of $4.46 billion, holds a dominance of 11.7% over the entire cryptocurrency market. But in less than four years of its inception, USDT has garnered significant bad press. with numerous scandals and issues under its name.
Speculations alleging Tether manipulated Bitcoin’s price were the most damaging for the space. To top that, last years’ Bitfinex-Tether fiasco has only added to the woes.
Even policymakers are not a big fan of stablecoins, with numerous papers published on how this sector can threaten the monetary systems. Grant Baker, Chief Innovation Officer at STAE and author of the 2019 Blockchain Compliance Paper, was quoted as saying,
“While stablecoins provide shelter for cryptocurrency investors during times of turbulence, they haven’t seen much usage elsewhere. We anticipate this will change when Singapore begins issuing licenses and regulating stablecoin issuers this year. Decentralized stablecoins will likely be a very practical application of blockchain and that’s what we’re focusing on.”
However, even as the crypto-space continues to evolve, dethroning the largest stablecoin by market cap is be a tough job. Nevertheless, there is a growing breed of stablecoins that has made its presence known over the last couple of months.
The rise of crypto-collateralized stablecoins
The most appealing factor is the decentralized notion of this breed. While most popular stablecoins like USDT, USDC, PAX, Gemini Dollar are all fiat collateralized stablecoins, ie., backed by legal tender, crypto-collateralized stablecoins are trustless in nature. They are linked to the reserves of other cryptocurrencies.
Without a central authority, the most prominent decentralized stablecoin is DAI. This stablecoin uses smart contracts on the Ethereum blockchain to manage the collateral and maintain order. Another token that has gained traction is Synthetix [$sUSD] and it allows the creation of on-chain synthetic assets on the Ethereum blockchain.
Its advantages include transparency, accountability, and efficiency [in using due to the quick process of liquidation into other cryptos],
But, everything has its own pros and cons. A recent blog by DeFi Rate explained the drawback of this emerging class of stablecoins,
“Where fiat-backed stablecoins only need to hold 1:1 reserves in legal tender, this subset of stablecoins often require over-collateralization to account for price volatility. Most commonly, this ratio is set at 150%, meaning that in order to issue $100 worth of $DAI, you will need to post AT LEAST $150 worth of $ETH as collateral.”
There is also a high volatility factor. Additionally, there also may be chances of instant liquidation, meaning, the underlying crypto can be instantaneously liquidated if its price falls below a certain threshold, which is a risky affair for investors.
That being said, the growing trend depicts a more mature crypto-space, despite mounting regulatory threats from agencies across the world.
So far, the past month had seen some of the worst days in Bitcoin’s price history. Following the emerging coronavirus crisis, Bitcoin plunged from a high of over $10K in mid-February, to a current low of $3,600 reached March 12. Since then, the price had recovered to the $6,000 area, but March is not yet over.
The drop affected almost all of the cryptocurrencies and stablecoins were the only ones that saw their market cap increased.
Stablecoins’ Growth Amid The Sell-Offs As the name suggests, stablecoins find a valuable place among all cryptocurrencies because of their “stability”. In a market with generally high levels of volatility, traders can quickly exit their positions from a violently swinging coin and store their funds in a more stable digital asset, pegged to the USD in most cases.
A perfect example of their usage came last week when the market crashed over 50% in one single day. A recent report indicated that during the most significant stages of the sell-off, short term traders turned to stablecoins.
Therefore, even though the total market cap saw its value slashed in half from over $300m a month ago, most stablecoin are on the rise in that manner.
According to data from CoinGecko, USDC, the stable coin backed by Circle, had seen an increase of 55% in its market cap. Until February 27, all USDC was equivalent to $430 million. As of writing these lines, the market cap grew to almost $670 million. Paxos Standard (PAX) saw a minor increase of 9% to a current market cap of $230 million.
The biggest gainer has been BUSD (Binance USD), with an increase of over 100%. It seems rather logical since the coin is available on the leading cryptocurrency exchange by trading volume – Binance.
You may also like: UK Central Bank Eases Stablecoin Rules Following Market Response Coinbase Urges Congress to Treat Stablecoins Like Cash and Ease Crypto Tax Burdens Peter Schiff Blasts Jamie Dimon’s Push for Bank-Style Rules on Stablecoins Despite the above, True USD, Paxos and Gemini Dollar didn’t notice a significant change in their market cap, and MakerDAO saw a decrease of 30% in its market cap due to the recent instability of the promising project.
Still Far From Tether (USDT) Despite the new additions in the stablecoin market, Tether (USDT) is still well in the lead in this race. It’s the most widely used, and naturally, it has the largest market capitalization of over $4.5 billion. After the latest price crash, Tether is now the 4th biggest cryptocurrency by market cap.
As the majority generally prefer using it, USDT ERC-20 transactions noted an all-time high last year. Ultimately, they utilized almost 25% of the whole Ethereum network.
More recently, USDT ERC-20 balance on cryptocurrency exchanges has more than doubled in the past month, and it’s close to $1 billion.
USDT ERC 20 Balance On Exchanges. Source: glassnode.com However, the emergence of new stablecoins may soon threaten Tether’s dominance over the market. According to a recent report, USDC, PAX, TUSD, and DAI had surpassed USDT in terms of transfer counts at the start of the year.
Gemini Dollar lending rates on decentralized finance (DeFi) lending protocol Aave soared as high as 73% on Wednesday after Gemini announced that withdrawals from its Earn product may be delayed due to Genesis' lending arm halting withdrawals outright. Genesis services the exchange's Earn product.
There are two likely reasons that these rates would spike above 50%.
The first is that speculators are attempting to short the asset. Second, liquidity may be fleeing the pool and being converted to an alternative asset.
Rates on platforms like this are a function of supply and demand; as supply shrinks or demand spikes, the rate to lend out the asset in question will rise to attract holders to deposit their funds.
At its peak today, the rate for lending hit a whopping 73% as both of these conditions appeared.
By press time, however, the supply of GUSD on Aave had soared from 10 million to 15 million, and the rate had already dropped back down to 2.0%.
Source: Aave.Mark Zeller, integration lead at Aave, reminded users on Twitter that GUSD cannot be used as collateral on the lending platform, "so no risk of bad debt."
But since GUSD can be lent out on Aave, liquidity providers who acted quickly enough could "enjoy near 3-digit yield."
Before u ask anon.
GUSD cannot be used as collateral on Aave. So no risk of bad debt.
I personally think there's zero issue with it with my current knowledge.
So if u wanna enjoy near 3 digit yield before it get arb, have fun! pic.twitter.com/Z5ay54PYeg
— Marc Zeller 👻 💜 🦇🔊 (@lemiscate) November 16, 2022
Gemini joins DeFiGemini was founded by billionaire brothers Tyler and Cameron Winklevoss in 2014. The Gemini Dollar, the exchange's dollar-pegged stablecoin, was launched in September 2018. Gemini published a blog post on Wednesday morning explaining their pause on Gemini Earn news was a knock-on effect from Genesis Capital.
Genesis suspended client withdrawals from its lending arm early Wednesday morning, citing "FTX impact." FTX Group, which includes Sam Bankman-Fried's crypto exchanges FTX.com, FTX US and trading desk Alameda Research, filed for bankruptcy on Friday.
For stablecoins, supply tends to track closely with their market capitalization since the tokens are created when investors buy them and destroyed when they're redeemed. GUSD's market cap blew past its recent all-time high market cap of $410 million last month when it signed an agreement with MakerDAO to offer the protocol 1.25% rewards on staked GUSD.
As of Wednesday morning, MakerDAO had $435 million worth of GUSD on its platform—a more than 10x increase from October. MakerDAO's GUSD supply accounts for roughly two-thirds of the stablecoin's $678 million market cap, which experienced a sharp drop on Wednesday morning's news.
Sébastien Derivaux, MakerDAO's asset-liability lead, told Decrypt that those funds "have no link with Gemini Earn."
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The Winklevoss Twins-backed exchange Gemini has announced a “Trust Center” to display a breakdown of funds held on the platform. The page, hosted on the Gemini website, reveals that it holds over $4.6 billion in crypto assets with $601 million in the treasury to back its stablecoin GUSD.
However, data from several sources, including CryptoSlate's coin page, shows the market cap of GUSD to be $613.98 million, leaving a difference of $12.98 million.
Exchange assets comprise $2,257,474,294 BTC, $1,714,709,859 ETH, and $681,003,276 in other crypto assets. Further, it has $542,892,356 in FIAT, all held in FDIC-insured banks. A statement identified the funds were valid as of midnight ET on Nov. 29.
“Fiat assets held for the benefit of our customers as of 12am ET. U.S. dollars are held at FDIC-insured banks.”
The exchange also listed some 45+ relevant licenses across the U.S., United Kingdom, and Ireland. The licenses included a New York Trust license for virtual currency granted in 2015, alongside money transmission licenses in most U.S. states. Gemini also holds virtual asset and e-money licenses in the United Kingdom and Ireland.
The license in the notoriously tricky state of New York comes with strict criteria. Crypto licenses in New York are not easy to come by and “impose certain excess capital requirements for all assets held on Gemini.”
“At any given time, Gemini is required to hold capital in excess of customer deposits and must report any material changes in this capital to the NYDFS.”
Unlike the Binance proof of reserves release, Gemini's ‘Trust Center' does not include any ability for customers to verify assets or link to on-chain wallets. The page is in static form and will be “updated daily.”
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While the information on specific assets, reserves, licenses, and certifications showcases Gemini's comparable level of regulation to traditional financial counterparties, the lack of full transparency may not sway some crypto purists.
The chart below highlights Gemini's corporate structure as outlined in its Trust Center. The Gemini Space Station is the parent company of the Gemini Trust, Gemini U.K., and Gemini Ireland. Each entity has its own board, licenses, and registrations. However, only the trust has committees focusing on audits, compliance, and executive and managers examination.
Gemini UniverseGemini closed off the Trust Center page with a quote central to its mission.
“Ask for permission, not for forgiveness. From day one, Gemini has prioritized the security of your assets. We never have and never will compromise on that.”
Glassnode data analyzed by CryptoSlate shows that the U.S.-based crypto exchange Gemini and its stablecoin Gemini Dollar (GUSD) are starting to lose followers and the community's trust as metrics fall to all-time lows.
GUSD holders and exchange volumesThe number of active addresses that hold GUSD has slumped back to its 2020 levels. The chart below represents the active wallet number since the beginning of the year 2019.
GUSD active addressesThe number of wallets started to increase at the end of 2020 and reached almost 1200 towards the end of 2021. Since then, active addresses that hold GUSD fell by 91.6% and retreated back to 100 in January 2023.
BUSD balance on exchanges also recorded a significant decrease. The chart below demonstrates the BUSD balance held on exchanges since the beginning of 2019.
BUSD balance on exchangesThe BUSD volume on exchanges started to grow exponentially in July 2021 and breached 300 million in May 2022, just before the FTX collapse.
However, the BUSD volume started to record ups and downs after the FTX disaster and finally recorded a 96% decrease in January 2023, falling from around 260 million to just above 10 million.
What happened?The name Gemini has been on the headlines since the Terra-Luna collapse. As soon as the winter market started, Gemini laid off 10% of its staff in June 2022, which marked the exchange's first layoff decision. In July 2022, Gemini went for the second round of layoffs and let 15% of its staff go. In both decisions, the exchange pointed at the market turmoil and repeated that it had to manage costs. At the time, however, most crypto companies were laying off staff, so Gemini didn't really stick out.
Gemini EarnThe real chain of events that hurt the community's trust in Gemini started on Nov. 16, 2022, when Gemini's Earn program halted withdrawals due to market turmoil. Addressing the users, the exchange said it would try to meet customers' withdrawal requests as soon as possible.
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Gemini Earn is a program that allows individual investors to lend their crypto assets to institutional borrowers in exchange for a certain amount of interest. To facilitate these services, Gemini partnered with third-party crypto lenders, including Genesis, which suspended withdrawals for its own customers on Nov. 16, the same day as Gemini Earn. Genesis said it is experiencing abnormal amounts of withdrawal requests which exceed the company's liquidity. It also added that its parent company, Digital Currency Group (DCG), is also doing everything in its power to smooth out the situation.
The discussions between DCG, Genesis, and Gemini, including DCG's CEO Barry Silbert and Gemini CEOs Cameron and Tyler Winklevoss, have been continuing since then, and the tension has been climbing daily. On Dec. 5, Gemini formed an ad-hoc committee to come up with a solution to the liquidity crisis.
On Jan. 2, Cameron Winklevoss wrote an open letter addressed to Silbert and claimed that Gemini Earn's liquidity crisis is caused by Genesis, and Genesis is having problems because Sibert owes his subsidiary $1.675 billion. Cameron Winklevoss gave Silbert time until Jan. 8 to make up for his debt and therefore resolve Gemini's liquidity crisis. Silbert responded to the open letter soon after it was published, saying that neither he nor DCG has any debt to Genesis.
Gemini Earn users filed a class arbitration suit against Genesis and DCG on Jan. 3, claiming that Genesis breached its agreement with Gemini Earn users. On Jan. 4, Genesis CEO released a statement saying that the firm is focused on solving the problem, but it needs more time.
The problem remained unsolved, and Gemini announced that it is officially discontinuing its Earn program on Jan. 11, 2023. The exchange added that returning its users' funds is currently the highest priority while also reminding that Genesis was responsible for repaying all assets to users.
Updated Jan 18, 2023, 9:51 p.m. Published Jan 18, 2023, 9:08 p.m.
3 min read
Tyler and Cameron Winklevoss (L-R) (Joe Raedle/Getty Images)Decentralized finance giant MakerDAO's community was heavily favoring keeping Gemini’s GUSD stablecoin as part of Maker’s reserve. The ongoing vote is testing confidence in Gemini, the Winklevoss-founded exchange that has been swept up in recent crypto contagion.
Voters are casting votes whether to keep the GUSD ceiling at the current $500 million, to decrease it to $100 million or to zero, which would boot GUSD from the reserve, according to Maker’s governance site.
At press time, 69% of the votes favored keeping the GUSD ceiling intact at $500 million, while 31% voted for dropping GUSD to zero. The final result may change; the voting ends Thursday (Jan. 19) at 16:15 UTC.
The Maker protocol is led by a decentralized autonomous organization (DAO), in which holders of the protocol’s governance token, maker (MKR), can vote on proposals. Currently, MakerDAO holds $489 million in GUSD in its Peg Stability Module (PSM) facility, which acts as a reserve system with $7 billion of assets to back its DAI stableoin’s value and price peg to the dollar.
Starting in October, Gemini has been paying a 1.25% annual yield to Maker on GUSD holdings based on an earlier agreement.
The voting comes as Gemini, the issuer of GUSD, is under pressure after halting withdrawals from its yield-paying product, called Gemini Earn, and because of a lawsuit by the top U.S. securities regulator. Gemini is the brainchild of mega-crypto investors Cameron and Tyler Winklevoss, who still helm the company.
Crypto investors worry that Gemini’s woes may destabilize its GUSD stablecoin, roiling Maker’s $5 billion DAI.
“Recent MakerDAO governance discussions have raised concerns about GUSD’s heavy reliance on the PSM and Gemini holding GUSD reserves at Silvergate,” Riyad Carey, analyst of digital asset research firm Kaiko, wrote in a report earlier this month.
Currently, MakerDAO holds some 85% of all GUSD in circulation, making Gemini’s stablecoin overwhelmingly reliant on its relationship with MakerDAO.
Additionally, concerns loom about GUSD’s value being partly backed by cash held at Silvergate Capital (SI), the embattled crypto-friendly bank that has suffered in the fallout from last year’s various crypto debacles, most notably FTX’s demise. The bank’s shares lost 88% of their value in the past year on the New York Stock Exchange.
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit last week alleging that Gemini Trust and major crypto lender Genesis Global Capital sold unregistered securities to customers through the Gemini Earn program. (CoinDesk and Genesis are owned by the same parent company, DCG.)
Users’ assets in the Earn program are locked up at the moment, after Genesis’ lending arm, which powered Gemini Earn, suspended customer withdrawals in November as FTX collapsed. The withdrawal freeze has led to scuffling between the two firms. According to recent reports, Genesis is laying groundwork with its creditors for a bankruptcy filing.
GUSD was an integral part of Gemini’s Earn program, offering as high as 8% annual yield for investors depositing GUSD, according to Kaiko.
“Holding GUSD is akin to holding GUSD’s underlying assets with additional risk related to Gemini,” Carey said. “It seems possible that the community may opt to move on from GUSD in favor of new pilot projects,” he wrote at the time.
The “worst-case scenario” for GUSD would be Gemini’s troubles forcing a delay in GUSD redemptions and causing a temporary deviation from its dollar peg, according to Carey. However, “even a significant depegging would be unlikely to rattle DAI,” he added.
Decentralized finance (DeFi) lending platform and stablecoin issuer MakerDAO could soon ditch $390 million of crypto exchange Gemini’s GUSD stablecoin from its reserves.
The protocol’s community is currently voting on a proposal to decrease the maximum amount of GUSD to $110 million from $500 million held in Maker’s DAI stablecoin reserve, called the Peg Stability Module (PSM).
Less than 24 hours before the vote’s end, roughly 94% of those who have already voted are in favor of the proposal to cut GUSD. However, a similar proposal in January saw a late rush of votes in favor of retaining GUSD, pushing that side to a razor-thin 50.85% majority.
The vote is significant for GUSD’s future, as Maker holds roughly 88% of the stablecoin’s $568 million circulating supply. Maker backs the value of the $4.5 billion DAI by holding cryptocurrencies such as Circle’s USDC and GUSD in the reserve, and increasingly by investing in real-world assets like government bonds.
Gemini – the crypto exchange founded and run by Tyler and Cameron Winklevoss and the issuer of GUSD – pays a 2% annual reward to MakerDAO for using the token as a reserve asset. The proposal, however, argued that the platform could enjoy better revenue opportunities, for example by investing in short-term U.S. Treasuries, which currently offer about a 5% yield.
Read more: MakerDAO Paves Way for Additional $1.28B U.S. Treasury Purchase
“Reducing GUSD exposure could allow for better capital efficiency by deploying funds into higher revenue generating opportunities,” the proposal said.
MakerDAO could soon remove $390M of Gemini’s GUSD stablecoin from its reserves. The DAO is currently voting to decrease the maximum amount of GUSD held in Maker’s DAI stablecoin reserve to $110M. MakerDAO’s reserve currently holds roughly 88% of total GUSD supply. MakerDAO, a decentralized lending platform and DAI stablecoin issuer may soon sell $390 million of the Gemini Dollar (GUSD) stablecoin issued by the Gemini cryptocurrency exchange.
The Peg Stability Module (PSM) being voted on by the MakerDAO’s community, would reduce the maximum amount of GUSD from $500 million held in Maker’s DAI stablecoin reserve to just $110 million.
At press time about 94% of those who had cast their ballots, with less than 24 hours until the vote’s conclusion, support the proposal to lower GUSD.
Gemini Dollar (GUSD) future Given that Maker controls about 88% of the stablecoin’s $568 million circulating supply, the vote will significantly impact the future of GUSD, whose metrics have been relatively stable. Maker supports the $4.5 billion DAI’s value by holding cryptocurrencies like Circle’s USDC and GUSD in its reserve and making investments in physical assets like bonds.
MakerDAO receives a 2% annual reward from Gemini for using the token as a reserve asset. Gemini is the issuer of GUSD. However, the proposal argued that by investing in short-term US Treasuries, which currently offer a yield of around 5%, the platform could benefit from better revenue opportunities.
The proposal states:
“Reducing GUSD exposure could allow for better capital efficiency by deploying funds into higher revenue-generating opportunities.”
The vote to reduce GUSD from DAI’s reserve comes just days after the DAO voted to drop MakerDAO drop Pax Dollar (USDP) stablecoin from its reserves.
SponsoredUpdated Jun 15, 2023, 8:24 p.m. Published Jun 15, 2023, 8:17 p.m.
2 min read
MakerDAO founder Rune Christensen (Original image by Trevor Jones)Decentralized finance (DeFi) platform and stablecoin issuer MakerDAO has approved a hike in the reward to investors for holding its $4.5 billion DAI stablecoin and to reshuffle DAI’s reserve assets.
In an executive vote concluded Thursday, the MakerDAO community ratified a proposal to increase the DAI Savings Rate (DSR) to 3.49% from 1%, providing additional incentive for investors to hold and lend DAI instead of rivals like popular stablecoins such as USDC and USDT.
The decision happened as Maker – led by a decentralized autonomous organization (DAO) where MKR token owners can vote on proposals – is undergoing a major transformation, including rearranging the backing assets of the DAI stablecoin. The platform increasingly invests in real-world assets such as short-term U.S. government bonds to boost revenues, redistributing a part of it to users through the DSR.
Read more: Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan
Hiking the reward is significant because it resets the baseline interest rate across the DeFi ecosystem, spurring higher yields from lending stablecoins while making leverage more expensive, according to Karpatkey, a treasury management provider to decentralized organizations.
It also underscores Maker’s strategic shift, Karpatkey said, because the proposal includes hiking fees on crypto assets to take out a DAI loan. “Originally a platform for leveraged long traders, Maker now positions itself as a bridge to real-world assets (RWA) yield,” said Karpatkey.
The decision will take effect on June 19.
Paxos Dollar out, Gemini Dollar cutThe executive vote also included a slew of other proposals that influence the composition of DAI’s backing reserve assets.
The community effectively ditched Paxos Dollar (USDP) from the reserve by approving a decrease in its debt ceiling to zero. The move has a substantial impact on fintech firm Paxos’ stablecoin, as Maker currently holds roughly half of USDP’s $1 billion supply.
The vote also ratified onboarding the BlockTower Andromeda RWA vault that would allow the additional purchase of up to $1.28 billion in U.S. Treasuries for the reserve, doubling down on giving traditional financial assets a bigger role in DAI’s reserve.
In a separate poll concluded Thursday, MakerDAO voters also favored curbing Gemini Dollar (GUSD) in the reserve to $110 million from $500 million. As CoinDesk reported, the result could jeopardize GUSD’s future as Maker holds 88% of the token’s supply.
Gate Launchpool supports GUSD staking and launches the 305th BLOCK (BLOCKST) event, sharing 204,485 BLOCKST
PANews reported on September 2nd that Gate Launchpool will officially launch its 305th Launchpool event from 11:00 AM on September 2nd to 11:00 AM on September 5th (UTC+8). Users can stake Gemini Dollar (GUSD) or Blockst to share 204,485 Blockst.
In addition, the GUSD staking pool has been opened in this period. Users can participate in staking by minting GUSD and locking the position in advance to ensure that users can obtain rewards as soon as possible.
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PANews reported on September 2nd that official data indicates that Gate Launchpool launched 10 projects in August, distributing millions of dollars in airdrop rewards with an annualized yield of 1,363.1%. The total value of staked tokens reached approximately $1.148 billion. Furthermore, Launchpool has opened Gemini Dollar (GUSD) staking, allowing users to mint GUSD at a 1:1 ratio with USDT or USDC, with a current reference annualized yield of 84.04%. During the same period, Gate's HODLer Airdrop launched eight projects. These two flagship products attracted over 100,000 participants, allowing users to easily capitalize on early-stage opportunities.
Gate Launchpool, an innovative staking airdrop platform, supports staking a variety of tokens, including GT, BTC, ETH, USDT, and GUSD. It distributes new coin airdrops every hour, offering a low barrier to entry and high annualized returns, helping users easily capture market opportunities. Furthermore, after staking and redeeming, users can transfer their assets to the Yubibao [7-Day] fixed-term product to receive an additional airdrop reward of up to 116.6% on top of their original staking returns. Gate HODLer Airdrop is dedicated to discovering high-quality, high-potential projects and, through this airdrop mechanism, reduces investment risk to zero. Users only need to hold 1 GT to easily participate in the free airdrop.
PANews reported on September 15th that the on-chain supply of Gate Gemini Dollar (GUSD) has exceeded 100 million. Users holding GUSD in products such as spot trading, wealth management accounts, and Launchpool will enjoy a 4.4% annualized return on minting. Users can also receive income from this product simultaneously, achieving a double-edged interest return.
Currently, the three major GUSD mining pools of Gate Launchpool are operating simultaneously: the annualized yield of the AVNT mining pool is currently reported at 16.32%, the annualized yield of the U mining pool is currently reported at 16.85%, and the annualized yield of the BOT mining pool is currently reported at 16.07%.
Gemini Dollar (GUSD) is a high-quality, yield-generating asset backed by Gate ecosystem revenue, Treasury bonds (RWAs), and stablecoins. The product supports trading and staking, and users can earn an annualized daily return, aiming to provide users with relatively stable returns.
PANews reported on September 23rd that Gate Launchpad will soon launch a new project, Plasma (XPL), which will be available for subscription with GUSD. The minimum purchase is 10 GUSD, and the subscription price is 1 XPL = 0.35 GUSD. The total subscription quota for this Launchpad is 3,000,000 XPL. The subscription period is from 21:30 on September 23, 2025, to 18:00 on September 25, 2025 (UTC+8). Subscriptions will be allocated based on the investment ratio and trading level from 00:00 on August 24 to 16:00 on September 25 (UTC+8). High-volume users will receive higher subscription quotas, balancing broad participation and user loyalty. XPL tokens will be distributed uniformly within two hours of the subscription closing, and spot trading will officially begin at 21:00 on September 25 (UTC+8).
Gemini Dollar (GUSD) is a high-quality, yield-generating asset backed by Gate ecosystem revenue, Treasury RWAs, and stablecoins. The product supports trading and staking, and users receive a daily annualized yield, aiming to provide users with a relatively stable return. Currently, the on-chain supply of Gate Gemini Dollar (GUSD) has reached 171 million. Users holding GUSD in spot trading, wealth management accounts, and Launchpool products can simultaneously enjoy a 4.4% annualized minting yield, achieving dual interest returns.
PANews reported on September 25th that official data indicates that the total subscription amount for the first Plasma (XPL) listing on Gate Launchpad has exceeded $100 million. This subscription event marks the first time that Gemini Dollar (GUSD) has been used as the sole subscription asset. The subscription ends at 18:00 (UTC+8) on September 25th, with only five hours remaining. The current pre-market price of XPL is 0.78 USTD, and the subscription price is 1 XPL = 0.35 GUSD.
Gemini Dollar (GUSD) is a high-quality, yield-generating asset backed by Gate ecosystem revenue, Treasury bonds (RWAs), and stablecoins. Users simply hold GUSD and automatically receive a 4.4% annualized return on their GUSD daily. Users who invest GUSD in other financial products also receive returns from those products, achieving a dual interest return.
PANews reported on October 13th that official data showed that Gate Launchpool launched 21 projects in September, achieving an annualized yield of 1,037.37% and a total staked value of approximately $2.936 billion. Furthermore, Launchpool now allows users to stake Gemini Dollar (GUSD), allowing them to convert USDT or USDC into GUSD at a 1:1 ratio. During the same period, Gate's HODLer Airdrop launched 19 projects. These two flagship products attracted over 600,000 participants, distributing nearly $1 million in airdrops.
Gate Launchpool, an innovative staking and airdrop platform, supports staking a variety of tokens, including GT, BTC, ETH, USDT, and GUSD. It distributes new coin airdrops every hour, offering low barriers to entry and high annualized returns, helping users seize market opportunities. Furthermore, after staking and redeeming, users can transfer their assets to Yubibao's 7-day fixed-term product to receive additional airdrop rewards of up to 116.6% on top of their original staking returns.
Gate HODLer Airdrop is dedicated to discovering high-quality potential projects and reducing investment risk to zero through the airdrop mechanism. Users only need to hold 1 GT to easily participate in the free airdrop.
A crypto rally is happening today, with Bitcoin and most altcoins being in the green.
Bitcoin (BTC) price jumped to $68,000, while the market capitalization of all coins rose by 6% to over $2.34 trillion.
Filecoin (FIL) rose by over 25% to $1.10, while Polkadot (DOT) jumped by 21%. Other tokens like Aptos (APT), Morpho (MORPHO), Uniswap (UNI), and Avalanche (AVAX) soared by over 15%.
Bitcoin and these altcoins jumped as investors embraced a risk-on sentiment across the board. For example, American stocks, including the Dow Jones, Nasdaq 100, and S&P 500, rose by 250, 260, and 35 points, respectively.
The risk-on sentiment happened as investors bought the dip as they waited for the Nvidia earnings, which will come out after the US market closes. NVIDIA is the most influential American company because of its size and role in the artificial intelligence industry.
Additionally, the tokens jumped as the futures open interest rebounded cautiously, a sign that demand is rising. Open interest rose by over 6% in the last 24 hours to $99.4 billion, much higher than this week’s low of $93 billion.
Filecoin’s open interest rose to $154 million, while Morpho soared to over $34 million. The futures open interest of other tokens like Aptos and Polkadot continued soaring.
Still, it is too early to determine whether this is the start of a new crypto bull run or whether it is just a dead-cat bounce. In the past, most crypto market rallieshave turned out to be dead-cat bounces.
A dead-cat bounce is a situation where an asset in a free-fall rebounds temporarily and then resumes the downtrend.
Bullish FIL price prediction for 2026 is $1.162 to $1.742. Filecoin (FIL) price might reach $5 soon. Bearish FIL price prediction for 2026 is $0.539. In this Filecoin (FIL) price prediction 2026, 2027-2030, we will analyze the price patterns of FIL by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
INTRODUCTION
Filecoin (FIL) Current Market StatusWhat is Filecoin (FIL) ?Filecoin (FIL) 24H TechnicalsFILECOIN (FIL) PRICE PREDICTION 2026
Filecoin (FIL) Support and Resistance LevelsFilecoin (FIL) Price Prediction 2026 — RVOL, MA, and RSIFilecoin (FIL) Price Prediction 2026 — ADX, RVIComparison of FIL with BTC, ETHFILECOIN (FIL) PRICE PREDICTION 2027, 2028-2030CONCLUSIONFAQ Filecoin (FIL) Current Market Status Current Price $0.8053 24 – Hour Price Change 1.47% Up 24 – Hour Trading Volume $70.91M Market Cap $636.94M Circulating Supply 790.87M FIL All – Time High $237.24 (On April 01, 2021) All – Time Low $0.6336 (On Oct 11, 2025) FIL Current Market Status (Source: CoinMarketCap) What is Filecoin (FIL) TICKERFILBLOCKCHAINFilecoinCATEGORYDecentralized Storage NetworkLAUNCHED ONJuly 2014UTILITIESGovernance, security, gas fees & rewards Filecoin (FIL) is the native cryptocurrency of the Filecoin blockchain. Filecoin is an open-source, decentralized storage protocol that exists on top of the InterPlanetary File System (IPFS). Filecoin (FIL) was launched in an ICO in 2017 whereas the Filecoin mainnet went live in October 2020. Filecoin was developed by Protocol Labs.
Filecoin enables users to store any size of data on multiple hack-proof storage providers or devices. It serves as a better alternative to the existing cloud storage providers such as Dropbox, Google Drive, and Amazon S3. Filecoin deploys proof-of-replication (PoRep) and proof-of-spacetime (PoSt) consensus mechanisms to secure the blockchain.
Miners use these consensus models to verify the data that is being stored on the blockchain. They require only GPUs, CPUs, and hard drives for mining. Filecoin nodes act as storage nodes. Filecoin (FIL) is given out as mining rewards and also as rewards to users for renting out the space for storage.
Filecoin 24H Technicals Filecoin (FIL) ranks 71st on CoinMarketCap in terms of its market capitalization. The overview of the Filecoin price prediction for 2026 is explained below with a daily time frame.
FIL/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Filecoin (FIL) laid out a Horizontal channel pattern. The Horizontal channel pattern is also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line that connects the highs, and the lower trendline, the line that connects the lows, run horizontally parallel, and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market, as the buying and selling points are in consolidation.
At the time of analysis, the price of Filecoin (FIL) was recorded at $0.8053. If the pattern continues, the price of FIL might reach the resistance levels of $1.167 and $1.747. If the trend reverses, then the price of FIL may fall to support level of $0.953 and $0.773.
Filecoin (FIL) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Filecoin (FIL) in 2026.
FIL/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Filecoin (FIL) for 2026.
Filecoin (FIL) Price Prediction 2026 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Filecoin (FIL) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Filecoin (FIL) market in 2026.
INDICATORPURPOSEREADINGINFERENCE50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $0.902Price = $1.089
(50MA < Price)Bullish/UptrendRelative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions73.507
<30 = Oversold
50-70 = Neutral>70 = OverboughtOverboughtRelative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak Volume Filecoin (FIL) Price Prediction 2026 — ADX, RVI In the below chart, we analyze the strength and volatility of Filecoin (FIL) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Filecoin (FIL).
INDICATORPURPOSEREADINGINFERENCEAverage Directional Index (ADX)Strength of the trend momentum19.712Weak TrendRelative Volatility Index (RVI)Volatility over a specific period73.22<50 = Low
>50 = High
High Volatility Comparison of FIL with BTC, ETH Let us now compare the price movements of Filecoin (FIL) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs FIL Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of FIL is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FIL also increases or decreases respectively.
Filecoin (FIL) Price Prediction 2026, 2027 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Filecoin (FIL) between 2026, 2027, 2027, 2028, 2029 and 2030.
Year Bullish Price Bearish PriceFilecoin (FIL) Price Prediction 2027$8$0.4Filecoin (FIL) Price Prediction 2028$10$0.3Filecoin (FIL) Price Prediction 2029$13$0.2Filecoin (FIL) Price Prediction 2030$17$0.1 Conclusion If Filecoin (FIL) establishes itself as a good investment in 2026, this year would be favorable to the cryptocurrency. In conclusion, the bullish Filecoin (FIL) price prediction for 2026 is $1.742. Comparatively, the bearish Filecoin (FIL) price prediction for 2026 is $0.539.
If there is a positive elevation in the market momentum and investors’ sentiment, then Filecoin (FIL) might hit $5. Furthermore, with future upgrades and advancements in the Filecoin ecosystem, FIL might surpass its current all-time high (ATH) of $237.24 and mark its
FAQ 1. What is Filecoin (FIL)? Filecoin (FIL) is the native cryptocurrency of the Filecoin blockchain. Filecoin is an open-source, decentralized storage protocol that exists on top of the InterPlanetary File System (IPFS).
2. Where can you buy Filecoin (FIL)? Traders can trade Filecoin (FIL) on the following cryptocurrency exchanges such as Binance, OKX, Bybit, DigiFinex, and Cointr Pro.
3. Will Filecoin (FIL) record a new ATH soon? With the ongoing developments and upgrades within the Filecoin platform, Filecoin (FIL) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Filecoin (FIL)? Filecoin (FIL) hit its current all-time high (ATH) of $237.24 on April 01, 2021.
5. What is the lowest price of Filecoin (FIL)? According to CoinMarketCap, FIL hit its all-time low (ATL) of $0.6336 on Oct 11, 2025.
6. Will Filecoin (FIL) hit $5? If Filecoin (FIL) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.
7. What will be the Filecoin (FIL) price by 2027? Filecoin (FIL) price might reach $8 by 2027.
8. What will be the Filecoin (FIL) price by 2028? Filecoin (FIL) price might reach $10 by 2028.
9. What will be the Filecoin (FIL) price by 2029? Filecoin (FIL) price might reach $13 by 2029.
10. What will be the Filecoin (FIL) price by 2030? Filecoin (FIL) price might reach $17 by 2030.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Filecoin [FIL] has surged 13% to $1.05, at press time, as trading volume exploded to $314.6 million in 24 hours. This expansion aligns with the 2026 ecosystem strategy that prioritizes paid on-chain deals and stronger network economics.
The network has shifted its focus toward driving real demand rather than relying solely on capacity metrics. As a result, market capitalization has risen to about $769 million, accompanied by growing participation.
Buyers have stepped in aggressively after the recent breakdown phase. However, FIL still trades within a broader corrective environment.
The alignment between strategic narrative and capital inflows now strengthens the recovery case. Price expansion backed by $314.6 million in volume signals conviction rather than a low-liquidity bounce.
Pennant breakdown sparks rebound After breaking down from a bearish pennant formation, Filecoin extended its decline toward the $0.87 support band. Sellers pushed the price below the lower channel boundary, confirming short-term weakness.
However, bulls have reclaimed ground quickly and driven a rebound toward $1.05. This reaction suggests strong demand absorption near the highlighted support.
The price now approaches the $1.10 resistance zone, which previously acted as structural support. If buyers sustain pressure above $1.05 and reclaim the resistance zone, upside continuation toward $1.6 becomes plausible.
Still, failure to hold above $1 could invite renewed selling pressure. The rebound currently challenges the bearish continuation thesis that followed the pennant breakdown.
Source: TradingView At the time of writing, MACD readings reflected early bullish convergence as downside pressure eases on the daily timeframe.
The MACD line has crossed upward toward -0.044, while the histogram has turned positive near 0.022. These shifts suggest improving internal strength despite the broader downtrend.
Although the signal line remains below equilibrium at -0.066, buyers are gradually regaining control. This transition does not yet confirm a full reversal, but it underscores that selling intensity has weakened significantly since the pennant breakdown.
Filecoin spot buyers reclaim control The 90-day Spot Taker CVD has flipped into Taker Buy dominance as of writing, confirming sustained aggressive buying activity.
This shift reflects cumulative buy-side volume exceeding sell pressure over an extended horizon. Such positioning suggests conviction rather than short-term speculation.
Additionally, trading volume has expanded by over 200% in 24 hours, reinforcing participation strength.
Buyers now actively lift offers instead of waiting passively. This development strengthens the rebound narrative.
However, sustained dominance must continue for the price to challenge higher resistance clusters. If aggressive spot flows persist, FIL could build a stronger structural base above $1.00.
Source: CryptoQuant Liquidity clusters frame the next move The Binance liquidation heatmap shows dense leverage clusters above $1.10 and around $0.95. Notably, around 322.69K in liquidation leverage appears near the $0.98–$1.00 zone.
Overhead liquidity around $1.10–$1.14 creates a magnet for price expansion if buyers maintain pressure. At the same time, sub-$0.95 liquidity forms a downside trigger if support fails.
This structure sets up a potential squeeze dynamic. Should price break above $1.10, short liquidations could accelerate upside movement.
Conversely, rejection near resistance may expose $0.95 quickly. Liquidity positioning now defines the immediate battlefield between bulls and bears.
Source: CoinGlass Can Filecoin extend recovery? Filecoin currently challenges its breakdown narrative as strategic demand focus aligns with aggressive buying and improving technical structure.
Price has rebounded strongly from support, and indicators show weakening downside pressure. Liquidity clusters now frame the next directional move.
If buyers clear $1.10 decisively, upside continuation toward higher resistance would likely follow. For now, the rebound carries credibility, and the structure increasingly favors recovery over renewed breakdown for as long as the price doesn’t fall below $1.
Final Summary Filecoin challenged its bearish narrative as buyers defended key support and pressed toward overhead liquidity. Sustained strength above $1.00 would increasingly favor upside continuation over renewed breakdown pressure ahead.
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
3 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
3 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
3 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
PANews reported on March 2nd, citing Business Wire, that enterprise cloud infrastructure company Akave announced the completion of a $6.65 million funding round and officially launched Akave Cloud, an S3-compatible decentralized storage product. Akave Cloud boasts a uniform price of $14.99/TB/month, zero bandwidth fees, and vendor lock-in-free operation. Running on its dedicated Avalanche Layer 1 public blockchain, Akave Cloud offers verifiable auditing, on-chain programmable access control, and long-term archiving to the Filecoin network, supporting data and AI/analysis workloads such as Snowflake and Apache Iceberg. Currently, organizations including Intuizi, LaserSETI, 375ai, and Skymapper have integrated with the platform for scenarios such as advertising data analysis, astronomical observation data storage, and AI training data management.
PLFIF is excited to announce the results of Filecoin Public Goods Funding (ProPGF) Batch 2 - General Track, with $3,220,200 allocated across 16 projects supporting critical infrastructure, developer tooling, ecosystem growth, and coordination within the Filecoin network.
Batch 2 reflects a maturing funding strategy: more selective, more capital disciplined, and strongly aligned with long-term network resilience.
🌱 About ProPGF Protocol Labs’ Filecoin Public Goods Funding (PGF) programs support projects that strengthen the Filecoin ecosystem and broader open-source infrastructure.
Funding is distributed through:
ProPGF - Prospective funding for forward-looking initiatives RetroPGF - Retroactive rewards for demonstrated impact While RetroPGF evaluates past impact, ProPGF is designed to strategically allocate capital toward future ecosystem priorities through milestone-based funding and structured review.
ProPGF runs in recurring cycles and continues to evolve as Filecoin’s capital formation layer matures.
📊 Batch 2 at a Glance 102 total applications 53 shortlisted 42 advanced to final review 16 projects funded $3,220,200 allocated The majority of grants are structured over 6 months, with select soft commitments extending toward 12 months This represents a 15.7% acceptance rate, reflecting the rigor of the review process and the competitive nature of the round.
🧮 Capital Discipline & Negotiation
Across the 16 selected projects:
Total requested: $4,632,800 Total approved: $3,220,200 Note: Batch 2 reflects a more capital-disciplined approach: of the $4.63M requested across selected proposals, $3.22M was approved. This reflects a selective funding approach - prioritizing scope clarity, milestone alignment, and long-term ecosystem impact.
The committee conducted structured negotiations across scope, milestones, and budget sizing to ensure:
Capital efficiency Alignment with ecosystem priorities Clear accountability through milestone gating Average grant size: $201,262 Median grant size: $129,000
This reflects a portfolio approach — balancing large, high-leverage infrastructure bets with smaller, targeted interventions.
🏗 Funding Allocation by Category Batch 2 demonstrates a clear prioritization of core network stability and dependencies.
Capital Distribution:
Infra & Core Dependencies: 62.4% Tooling & Developer Ecosystem: 16.1% Ecosystem Growth: 16.3% Coordination: 3.1% Integrations: 2.0% Over 60% of capital was allocated toward core infrastructure — nodes, maintenance, retrieval systems, indexing, and protocol-level dependencies — signaling strong emphasis on network robustness.
🚀 Meet the Funded Projects 🏗 Infra & Core Dependencies Filecoin Infrastructure Services by ChainSafe Team – $138,000 The project aims to increase independent operator diversity on Filecoin’s Calibnet test network by running a long-lived, production-like storage miner using Curio. Forest: Efficient and lightweight Filecoin node implementation by ChainSafe Team – $504,000 Forest is a lightweight Filecoin node implementation that makes running network infrastructure cheaper and more reliable. This grant supports its continued maintenance and protocol upgrade readiness. IPNI by IPNI Team - $288,000 IPNI is the indexing service that helps applications discover where data is stored across Filecoin and IPFS. This funding ensures it remains reliable, scalable, and sustainably operated as network usage grows. Enhancing the visibility and verifiability of Filecoin Onchain Cloud within the Filecoin ecosystem through the Filfox explorer by 6Block Team – $30,000 This project enhances the Filfox explorer to improve the visibility and verifiability of FOC, PDP, and Filecoin Pay activity, helping developers, providers, and integrators better understand and troubleshoot onchain service behavior. Curio Storage by Curio Team – $500,000 Curio Storage is building core software and infrastructure that helps Filecoin Storage Providers (SPs) deliver paid deals. This grant funds continued development of “Market 2.0” deal interfaces, plus ongoing support and calibration network stability work that operators rely on. Lotus Miner + Boost Maintenance by Storswift Team – $50,000 This project funds ongoing maintenance of Lotus Miner and Boost, two core components that many Storage Providers rely on for storage and deal operations. The work ensures these systems remain secure, upgrade-compatible, and stable. Calib Network Miner by Storswift Team – $28,000 This project adds a production-grade, independent miner to the Calibration Network to improve upgrade testing, operator diversity, and overall network resilience. Venus Maintenance by IPFS Team – $300,000 Venus maintains and upgrades the second-largest Filecoin client implementation, ensuring continued client diversity and network resilience. This grant supports four network upgrades, zero-day compatibility, and ongoing maintenance of Filscan and FIPs.cc to improve transparency and governance clarity across the ecosystem. Drand by Drand Team – $120,000 This grant funds the continued operation and maintenance of drand - the public randomness service that underpins Filecoin’s block production and network liveness. OpenModel by 6Block Team – $50,000 OpenModel is building a decentralized AI model distribution and compute infrastructure on Filecoin, enabling fast, verifiable model downloads and pay-as-you-go access using Filecoin Pay. 🛠 Tooling & Developer Ecosystem Filecoin Developer Experience & FEVM Development by FIL-B Team – $420,000 FIL-B is building and running the developer experience layer for Filecoin in 2026, partnering with the FOC pod to drive builder adoption (docs, integrations, activations) while also improving core FEVM and Filecoin DX. ProbeLab Gauge for FOC and Retrieval Testing by ProbeLab Team – $100,000 ProbeLab will build retrieval testing tooling and live dashboards to measure Filecoin’s retrieval success rate and Filecoin Onchain Cloud (FOC) performance. This provides transparent, real-time metrics and SLAs to help developers, Storage Providers, and protocol teams monitor and improve network reliability. 🌍 Ecosystem Growth Secured Finance by Secured Finance Team – $225,000 Secured Finance maintains and expands USDFC, a FIL-collateralized stablecoin designed as native financial infrastructure for Filecoin. This grant supports interoperable payment rails, improved user interfaces, and audited onchain vaults to enable stable-value transactions and capital retention within the Filecoin ecosystem. FilPonto by FILPonto Team – $300,000 FilPonto supports core Filecoin infrastructure and ecosystem coordination, sustained FOC developer contributions, and a flexible grants pool for high-impact integrations and experimentation. This grant funds advanced JS contributions to FOC, and responsive technical support across the ecosystem. 🤝 Coordination Filecoin Foundation Infrastructure & Coordination Stewardship by SEAD Team – $101,200 This project provides ongoing stewardship and governance of the Filecoin Foundation’s core coordination infrastructure, including shared systems such as Slack, Google Workspace, and GitHub. The grant ensures secure access management, clear ownership boundaries, and operational continuity across organizational lines to reduce systemic risk and support ecosystem execution. 🔗 Integrations Oku Trade by Oku Team – $66,000 Oku Trade provides Filecoin’s primary decentralized exchange interface and meta-aggregator, enabling fee-less swaps, bridging, and liquidity provision via Uniswap v3 infrastructure. This grant supports ongoing hosting and indexing to ensure reliable DEX access and liquidity flows across EVM networks into Filecoin. 📈 What Batch 2 Signals Compared to earlier cycles, Batch 2 reflects:
Stronger selectivity (16 out of 102 funded) Greater capital concentration into core infrastructure Clear negotiation discipline Emphasis on long-term network sustainability This was not a broad experimentation round. It was a stability and resilience round.
📉 For Teams Not Selected We recognize the high quality of many proposals that were not funded in this cycle.
ProPGF operates within a defined capital envelope and prioritizes strategic alignment, scope readiness, and budget feasibility.
Importantly, we are currently working on a separate grant initiative outside of ProPGF, designed to support projects that may be better suited for a different funding structure or scope.
Our team will be reaching out directly to selected applicants as this program takes shape.
We strongly encourage teams to remain engaged and apply in future cycles.
💸 What Happens Next Agreements and KYB completion Milestone tracking via Karma Grantee Slack onboarding Structured reporting and transparency Initial disbursements begin shortly.
🔭 Looking Ahead As Filecoin continues to mature, so too does its capital allocation strategy.
ProPGF is evolving toward:
Greater funding transparency Stronger milestone accountability Better capital efficiency Alignment with long-term network KPIs Batch 2 marks another step toward building sustainable capital infrastructure around Filecoin.
We’re excited to support this cohort and look forward to sharing more about the long-term roadmap for ProPGF in upcoming posts.
📣 Stay Engaged If you’d like to explore the scope of funded work and follow progress updates from Batch 2 teams, please visit filpgf.io and navigate to the ProPGF Batch 2 → Approved Projects section. All funded projects will be reporting milestone updates there.
For applicants: you should be able to access your full application details directly via filpgf.io. If you encounter any issues or have questions regarding agreements, KYB, or payouts, please reach out to [email protected].
We appreciate the continued engagement from the ecosystem and look forward to building the next phase of Filecoin infrastructure together.
PANews reported on March 4 that Akave, a decentralized cloud storage service provider, announced the completion of a $6.65 million funding round, with participation from Protocol Labs, No Limit Holdings, Blockchange, Lightshift, Blockchain Builders Fund, Big Brain Holdings, Avalanche Foundation, and Filecoin Foundation.
Akave Cloud is an S3-compatible decentralized storage platform built on a dedicated Avalanche Layer 1 blockchain. It is designed to provide enterprises with an alternative to traditional cloud storage, enabling AI applications to run without being locked into specific cloud service providers.
Filecoin [FIL] recorded a clear decline over the past day, dropping by 9.5%, at press time. The pullback does not appear to stem from any major fundamental developments, but rather from speculative positioning in the derivatives market.
The perpetual Futures market has become increasingly active, with traders positioning for further downside, particularly in the short term. However, the behavior in this market differs from what is typically observed during periods of price decline.
Capital inflows bet on further decline The sharp price drop did not align with the capital outflows that typically accompany asset weakness.
Instead, the opposite occurred, creating a somewhat paradoxical situation that is rarely observed in the market. Despite the price decline, the FIL perpetual market recorded notable capital inflows.
Such capital increases during a falling market are unusual, as perpetual traders often close positions in panic when prices weaken. However, data from CoinGlass showed that inflows totaled $26.45 million, bringing total Open Interest (OI) to $138.56 million as of writing.
Source: CoinGlass The OI-Weighted Funding Rate, which measures whether capital in the perpetual market favors bulls or bears, indicates that bearish sentiment currently dominates.
Notably, the OI-Weighted Funding Rate has dropped into deep negative territory of -0.0691%. A decline of this magnitude suggests that the newly added capital is largely being used to open short positions as traders anticipate further price declines.
Indicators hint at a bearish takeover The technical outlook on the chart remains weak. At the time of writing, FIL has broken below a key support level that it failed to breach four separate times in February.
The current setup points to a strictly bearish outlook, particularly as the Moving Average Convergence Divergence (MACD) indicator has formed a death cross at the time of writing.
This pattern occurs when the orange signal line crosses below the blue MACD line, indicating that bearish momentum is beginning to strengthen.
Source: TradingView The Bull Bear Power (BBP) indicator reinforces this outlook. The metric helps determine whether bulls or bears control the market based on bar formations on the chart. Red bars indicate bearish dominance, while green bars suggest that bulls are maintaining control.
Moreover, bears appeared to dominate the market. The BBP showed a deep red bar with significant intensity, highlighting growing selling pressure that continues to threaten FIL’s price outlook.
Spot investors add to the pressure Spot market activity is offering little support to the asset. In fact, spot traders have been selling their holdings even before the recent price drop intensified.
At press time, data from CoinGlass’ spot exchange netflow indicated that more than $4.22 million worth of FIL has exited exchanges over the past 72 hours.
Source: CoinGlass When spot traders sell during periods of weakness, it typically signals a short-term bearish outlook among market participants, adding further downward pressure on price.
If the selling trend continues, it could weigh further on FIL’s price and increase the risk of an extended decline, potentially worsening the broader market outlook for the asset.
Final Summary FIL has seen capital inflows in the perpetual market, with the majority of capital directed toward short positions. Spot traders continue to sell their FIL holdings, worsening the outlook.
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
3 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
3 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
3 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
IOG CEO and founder Charles Hoskinson has publicly welcomed Filecoin into the Cardano ecosystem.
The move signals stronger momentum toward cross-chain collaboration. Notably, Hoskinson’s remarks follow a new infrastructure upgrade that introduces Filecoin-backed storage capabilities for Cardano developers.
Accordingly, builders can now benefit from improved reliability, verifiable storage, and seamless scalability without changing their existing workflows.
Key Points Charles Hoskinson has welcomed Filecoin into the Cardano ecosystem, describing it as one of the industry’s original players. A new storage upgrade by Blockfrost leverages Filecoin to deliver decentralized, resilient data storage for Cardano-based dApps. Filecoin already functions as a backup layer through an earlier collaboration with Blockfrost, securing IPFS-hosted data for Cardano applications. The integration highlights an industry shift toward interoperability, an approach Hoskinson has consistently supported. Hoskinson Welcomes Filecoin to Cardano Amid Its Deeper Integration In a recent statement, Hoskinson publicly welcomed Filecoin to the Cardano ecosystem, following the project’s deeper integration with it. He described Filecoin as one of the industry’s “OGs,” highlighting its long-standing.
His commentary follows the latest Blockfrost upgrade, which introduces a premium storage layer powered by Filecoin. The move gives Cardano developers access to decentralized, verifiable, and highly resilient data storage.
Since the system eliminates additional infrastructure overhead, developers can immediately adopt these capabilities without modifying their workflows.
Filecoin is one of the OGs. Welcome to the Cardano ecosystem https://t.co/nTQdWAmYj4
— Charles Hoskinson (@IOHK_Charles) April 22, 2026
Initial Integration Meanwhile, this update builds on a December 2024 collaboration between Blockfrost and the Filecoin Foundation, which positioned Filecoin as a robust backup layer for Cardano applications.
By archiving IPFS data on Filecoin, the integration enhances redundancy, protects against data loss or corruption, and enables cryptographic verification of stored data.
In addition, Filecoin leverages Proof of Replication and Proof of Spacetime to ensure that data remains uniquely stored and continuously maintained over time.
These mechanisms introduce strong guarantees around trust and auditability, making them particularly valuable for data-driven applications and emerging use cases such as decentralized AI.
.@blockfrost_io added a premium storage tier for @Cardano developers backed by Filecoin.
Distributed across independent providers, verifiable, with no infrastructure overhead.
For data-driven apps on Cardano, that's a reliability upgrade with no workflow changes required. pic.twitter.com/M6aje4V88y
— Filecoin (@Filecoin) April 21, 2026
Broader Implications Meanwhile, Hoskinson’s response highlights an industry shift toward interoperability and shared infrastructure. Leading networks are increasingly collaborating to deliver more secure, scalable, and decentralized systems.
Hoskinson has consistently advocated for this approach. In late 2024 and early 2025, for example, he engaged in discussions with leaders at Ripple and Stellar for potential collaborations.
He believes greater unity across the blockchain sector could accelerate mainstream adoption and strengthen the industry’s position amid regulatory pressures.
As Hoskinson noted, Filecoin has been a long-standing player in the crypto space, launching in August 2017 shortly before Cardano. Since then, it has built a reputation as a decentralized storage network that preserves critical data by connecting users with independent storage providers worldwide.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
3 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
3 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
3 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
TLDRMidnight and Cardano Ecosystem GrowthNIGHT Token and Multi-Chain StrategyGet 3 Free Stock Ebooks David Gokhshtein stated that Midnight expands Cardano’s ecosystem without competing with its core infrastructure. He explained that the NIGHT token creates new paths for innovation within the Cardano network. Charles Hoskinson confirmed that Midnight is moving toward a multi-chain framework with several integrations. He said partnerships with Near Intents, Algorand, and Filecoin support broader interoperability. Frederik Gregaard said the Cardano Foundation remains very bullish on Midnight’s development. Cardano’s partner chain Midnight continues to gain attention as leaders outline its role within the ecosystem. David Gokhshtein stated that the NIGHT token supports growth without competing with core infrastructure. He added that Midnight introduces new functions that extend Cardano’s technical scope.
Midnight and Cardano Ecosystem Growth David Gokhshtein explained that Midnight strengthens Cardano through added functionality and broader use cases. He stated that “Midnight adds more to Cardano’s ecosystem than people realize,” reinforcing its expanding role.
I’ll say this again: $NIGHT adds more to Cardano’s ecosystem than people realize.
It doesn’t take away from Cardano.
It gives the ecosystem another lane to grow.
— David Gokhshtein (@davidgokhshtein) April 30, 2026
He also clarified that NIGHT does not compete with ADA, which secures the main network. Instead, he said the token introduces “an additional lane for innovation” within the ecosystem.
Cardano founder Charles Hoskinson also discussed Midnight’s development direction in a recent podcast. He confirmed that the project already supports a multi-chain framework.
He referenced integrations with Near Intents, Algorand collaborations, and Filecoin connections. These integrations aim to expand interoperability across blockchain networks.
Hoskinson said this design improves decentralization and system resilience across platforms. He explained that Midnight operates within a broader cross-chain environment rather than isolation.
This approach allows Cardano to extend beyond its base layer and reach new ecosystems. As a result, developers can access wider tools and infrastructure.
NIGHT Token and Multi-Chain Strategy Cardano Foundation CEO Frederik Gregaard confirmed strong institutional support for Midnight and its token. He said the organization remains “very bullish” on Midnight’s long-term development.
He pointed to the NIGHT token launch and Tier-1 exchange listings as positive developments. These steps increased exposure and accessibility for users and institutions.
Gregaard also highlighted privacy as a key feature that drives Midnight’s value proposition. He explained that confidential transactions enable use cases unavailable on standard public blockchains.
He added that privacy-focused Layer-2 solutions could expand as this segment evolves. This direction aligns with growing demand for secure blockchain applications.
EMURGO CEO Phillip Pon described Midnight as a missing layer within Cardano’s architecture. He said the partner chain integrates privacy and secure data processing capabilities.
Pon explained that developers can build advanced applications using Midnight’s infrastructure. These tools support enterprise-level use cases and institutional adoption.
Midnight has already formed partnerships with Google Cloud and AlphaTon Capital. These collaborations focus on privacy solutions for Telegram-based AI agents.
Meanwhile, Monument Bank used Midnight to tokenize customer deposits on-chain. This application highlights practical use cases for financial services.
Pon confirmed that ADA and NIGHT function together within the ecosystem. ADA secures the network, while NIGHT enables specialized features like privacy.
Current market data shows NIGHT trading near $0.03241 with a market cap around $538 million. ADA trades near $0.2483, reflecting a decline of over 25% this year.
Filecoin [FIL] appears to be riding the broader market recovery fueled by easing geopolitical tensions. This shift in sentiment has boosted participation and strengthened price action, suggesting FIL could maintain its upward momentum in the days ahead.
At press time, FIL was trading at $1.10, up 15.50% over the past 24 hours, pushing its market capitalization to $847 million. During this period, the asset has recorded a massive surge in market participation, evident in its trading volume, which soared by 405% to $521 million.
Rising trading volume alongside price indicates a bullish outlook, suggesting that traders and investors are currently showing strong interest in the trend.
Can Filecoin’s price rally 48%? According to the price chart, FIL has turned bullish after breaking above the $1.08 resistance level, which it had been facing since February 2026. In previous attempts, each approach to this level triggered heavy selling pressure and subsequent price declines, but this breakout signals a shift in momentum.
Source: TradingView However, it is not yet confirmed whether the current breakout is stable, which can be determined once FIL closes a daily candle above the $1.08 level.
Based on the current price action, if FIL closes a daily candle above this key resistance, it could see a potential price jump of 48% and may reach the $1.65 level. On the other hand, if the price fails to close above $1.08, it could potentially repeat its historical pattern, leading to a price reversal.
At the time of writing, the technical indicator ADX, which measures directional strength, stood at 19.90, indicating weak trend strength. Whereas the Relative Strength Index (RSI) has moved above 75, suggesting the asset is in overbought territory, which points to a possible short-term correction before the rally continues.
On-chain and derivative data support a bullish outlook In addition to the price action, analytics and derivative platforms also point to a bullish outlook for the FIL token.
According to Nansen, an analytics platform, the top 100 FIL addresses have increased their holdings by 8.79% over the past month. Rising FIL holdings suggest the potential for a price rebound and indicate that the current price may be an ideal buying opportunity.
Source: Nansen Whereas Binance’s FIL Long/Short Ratio has reached 1.9771 as of writing, indicating strong bullish sentiment among traders, with a significant dominance of long positions in the market.
Source: CoinGlass In addition, the exchange liquidation map revealed that $1.01 on the downside and $1.16 on the upside are the two major liquidation levels for FIL at the moment.
Traders at these levels have built $14.59 million worth of long-leveraged positions and $5.64 million worth of short-leveraged positions, indicating bullish dominance and indicating that traders are betting on further price increases.
Final summary Filecoin has broken a key resistance, and price action suggests that a daily closing above $1.08 could trigger a 48% rally. The top 100 addresses have increased their holdings by 8.79%, while traders appear to be strongly betting on further price gains.
US-listed AI chip stocks saw mixed pre-market performance, with Qualcomm surging 13%.
According to Bitget market data, U.S. AI chip stocks posted mixed pre-market performance: Qualcomm (QCOM.O) surged 13%, Intel (INTC.O) rose nearly 6%, AMD (AMD.O) gained nearly 4%, and Google (GOOG.O) declined 1.4%.
3 minutes ago
Micron Technology surges 18% in pre-market trading on US stocks
According to Bitget market data, the US stock storage sector is seeing broad pre-market gains. Micron Technology (MU.O) jumps 18% in pre-market trading, as its strong earnings significantly exceeded expectations, with multiple major banks raising the stock’s target price. SanDisk (SNDK) rises 12.25%, Western Digital (WDC) gains 12.05%, and Seagate Technology (STX) climbs 8.63%.
3 minutes ago
SBI announced it will acquire cryptocurrency trading platform Bitbank for 46.7 billion yen.
According to Nikkei News, Japanese financial group SBI Holdings announced on the 25th that it will acquire cryptocurrency exchange platform bitbank for 46.7 billion yen (approximately $288 million). Upon completion of the transaction, SBI Group’s crypto asset custody scale is expected to exceed 1 trillion yen, making it one of the largest operators in Japan’s crypto industry. Per the plan, a subsidiary under SBI Holdings will acquire Bitbank shares from individual shareholders including its founders as early as August this year. Bitbank will then repurchase shares held by existing shareholders MIXI and Ceres by the end of October. If combining data from SBI’s own crypto exchange SBI VC Trade and Bitbank, as of April this year, the two firms had a total of around 2.92 million accounts and total custody assets of approximately 1.1 trillion yen. While different crypto exchanges disclose custody assets at varying time points, among Japan’s major industry competitors, bitFlyer held about 960 billion yen in custody assets as of the end of December 2025, and Coincheck had around 800 billion yen as of the end of March 2025.
3 minutes ago
Bithumb was fined for sharing user data overseas without consent.
South Korean regulatory authorities have ordered cryptocurrency exchange Bithumb to pay a 210 million won (approximately $136,000) fine for sharing user personal information with overseas platforms without user consent. According to an announcement released Thursday by South Korea’s Personal Information Protection Commission (PIPC), the relevant user data exposure occurred between September and November 2025. At that time, Bithumb transferred user information to overseas platforms while sharing its USDT market order book data. The PIPC also noted that when assisting users with asset transfers to 13 overseas exchanges, Bithumb failed to obtain full and sufficient user consent before sharing personal details including names, wallet addresses, and dates of birth. For the two violations, the PIPC not only imposed the fine but also ordered Bithumb to rectify its processes and management systems related to cross-border transmission of user information.
Filecoin surged over 7% to $1.055, defying a broader cryptocurrency market downturn that saw Bitcoin and most major altcoins decline, according to TradersUnion data. The rally came alongside wider gains in decentralized physical infrastructure network tokens, as AI-driven storage demand reignited institutional interest in the DePIN sector.
Context and Background FIL had been trading in a consolidation range between roughly $0.80 support and $1.20 resistance since early February. A breakout above $1.08 earlier this month marked the first sustained move past that ceiling since February, according to BanklessTimes reporting.
On-chain data showed the top 100 FIL addresses increased their holdings by 8.79% over the prior month, signaling accumulation by larger wallets. The token reached a cycle low of $0.775 on March 29 before beginning its recovery.
Despite the recent uptick, FIL’s market capitalization remains below $1 billion, a fraction of its peak valuation during the 2021 storage hype cycle.
Expert Quote and Analysis Analyst Ao Ying flagged the transmission of the AI storage narrative from traditional equities into crypto, noting that capital from the equity storage trade was repricing Filecoin and other decentralized storage tokens.
BanklessTimes reported that AI infrastructure demand had nearly fully pre-booked 2026 storage capacity, creating a supply crunch that first lifted traditional disk-maker stocks before rotating into their crypto equivalents.
Open-source cloud storage tokens, including STORJ and Arweav,e rallied in tandem during the May 6 session, confirming a sector-wide capital rotation rather than a Filecoin-specific event. The pattern mirrors earlier DePIN rallies that initially lifted all boats, only for idiosyncratic fundamentals to determine which tokens held their gains.
Market Impact Spot volume reached $372 million during the initial DePIN rally on May 6, a 260% surge from the prior session. Futures volume printed $815.66 million, up 213% on the day, while open interest climbed 43.58% to $243.15 million.
Peer tokens STORJ gained 30%, and IO surged 69% during the same rotation. Despite the rally, FIL remains below its 50-day and 200-day moving averages, indicating the longer-term bearish trend has not fully reversed.
Industry Reaction Not all analysts are convinced the move is durable. Some have labeled FIL a “dead asset” following a 99% decline from its all-time high, arguing that short-lived DePIN rallies have repeatedly failed to sustain momentum in earlier cycles. TradersUnion models projected a five-day range of $0.89–$1.01 before the breakout, suggesting the current price has overshot near-term expectations.
What’s Next Traders are watching whether FIL can hold above the $1.08 breakout level on a weekly close. The next resistance zone sits near $1.20, which has capped rallies since January. Continued AI storage sector momentum and further whale accumulation will determine whether this move develops into a trend or fades as another failed breakout.
At press time, Filecoin’s [FIL] slid by 7% in the last 24 hours, extending its weekly decline to 26%. FIL’s recent decline reflects more than a failed rally. It reflects the loss of a structure that had supported price action for nearly two months.
Between late March and May, the $0.800-$0.830 zone repeatedly absorbed selling pressure and helped establish a base for the advance toward $1.35. However, that support eventually failed, sending FIL 47% below its May peak and roughly 11% beneath the former demand zone.
Source: FIL/USD on TradingView That breakdown changed market behavior. Buyers who accumulated within the range are now holding losing positions, which increases the likelihood of selling on any rebound. As a result, the $0.800-$0.830 area now acts as the key battleground rather than support.
Momentum indicators continue favoring sellers. The RSI sits at 27.63, suggesting oversold conditions, yet not the type of exhaustion that typically marks a durable bottom.
Meanwhile, the MACD remained firmly negative at press time, showing bearish momentum has yet to stabilize. Therefore, a short-term bounce remains possible, but unless FIL reclaims $0.830, the broader trend continues favoring a move toward the next support near $0.650.
