Messari releases Filecoin 2024 Q1 report: Active transactions increased by 9% month-on-month, and storage utilization increased to 23%

Messari released the Filecoin Q1 2024 report, which showed significant growth for Filecoin in the first quarter of 2024. The storage market on the platform saw a 9% increase in active trading compared to the previous quarter, while storage utilization increased from 18% in Q4 2023 to 23%, despite a 14% decrease in storage capacity. By the end of Q1 2024, over 2,000 users had uploaded data sets to Filecoin, with 508 users uploading large data sets exceeding 1000 TiB, showing a 9% increase compared to the previous quarter.Since the launch of the Filecoin Virtual Machine (FVM) in Q1 2023, the DeFi ecosystem has continued to develop. Pyth and Uniswap V3 (Oku.trade) were launched this quarter, and GLIF deposits increased by over 2 times compared to the previous quarter. FVM has deployed over 3,400 independent contracts, a 26% increase from the end of Q4 2023, and the total locked value (TVL) of FVM exceeded $600 million this quarter, nearly doubling compared to the previous quarter. In addition, Filecoin is actively developing its DePIN partnerships and focusing on increasing enterprise application rates.