FilecoinFIL

Native coin of Filecoin, a network where people pay storage providers to keep their files.

Rank #84Since October 2020

Price on 31 Oct 2026

C$1.22 +21.5% since 31 Jul 2026 · 99.6% below its all-time high

The short version

Filecoin is a decentralized storage network where clients pay storage providers in FIL. It was created by Juan Benet's Protocol Labs and is supported by the Filecoin Foundation; mainnet launched on 15 Oct 2020. Vesting of the Protocol Labs and Filecoin Foundation coins ended on 15 Oct 2026. On 31 Oct 2026 one FIL cost C$1.22. From 31 Jul 2026 to 31 Oct 2026 its price changed +21.5% in Canadian dollars, and it was 99.6% below its all-time high of C$297.81 set on 1 Apr 2021.^[1]

Checked 31 Oct 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$4.85 (8 Nov 2025) · low C$0.8730 (19 Aug 2026) · -42.3%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$1.22	US$0.8760
30 Sep 2026	C$1.51	US$1.06
31 Aug 2026	C$0.9151	US$0.6599
31 Jul 2026	C$1.00	US$0.7129
30 Jun 2026	C$1.04	US$0.7313
31 May 2026	C$1.34	US$0.9742
30 Apr 2026	C$1.24	US$0.9153
31 Mar 2026	C$1.13	US$0.8150
28 Feb 2026	C$1.48	US$1.08
31 Jan 2026	C$1.58	US$1.17
31 Dec 2025	C$1.81	US$1.32
30 Nov 2025	C$2.25	US$1.60

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$1.22^[1]
3-month change: +21.5% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 99.6% below its high of C$297.81 (1 Apr 2021)^[1]
Market rank: #84, market value about C$1.0B^[1]
Kind: Native coin · Filecoin (its own network)
Started: October 2020

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoNew FIL come only from protocol mining rewards; there is no admin mint^[2]

Can anyone freeze or take coins from holders?NoNative coin with no freeze or blacklist function^[3]

Can the token's contract code be changed?Not applicableRuns on its own blockchain; its rules change only through network upgrades

Is the supply capped?Yes2 billion maximum set by the protocol^[2]

Any scheduled unlocks in the next 12 months?NoInsider vesting ended 15 Oct 2026; only mining rewards (about 6%) remain^{[4, 2]}

Does a team or foundation hold over 10% of supply?Not disclosedInsiders got about 18.5% of allocations; holdings after vesting ended not published^[5]

Do network fees reach coin holders?YesNetwork fees are burned: US$2.0M in 12 months^[6]

Main network hacked or halted in the past 2 years?NoNo Filecoin exploit or network halt found^[7]

Is a regulator or court case targeting the coin itself?NoNo regulator or court case found^[8]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Built by: Protocol Labs, founded by Juan Benet, and the Filecoin Foundation^[9]
Backers: 2017 token sale; USV, Sequoia, DCG and Winklevoss Capital^[5]
Largest holder: A custodial wallet that holds coins for many users reportedly holds about 88M FIL (10.5% of circulating; not verified)^[8]

Supply

In circulation: 838.56M FIL of 1.96B in total (42.9%)^[1]
Maximum supply: None set^[1]
Fully diluted value: 2.33 times its current market value^[1]
Maximum: 2 billion FIL set by the protocol; about 838M circulate (43%)^[2]
Vesting: Protocol Labs and Filecoin Foundation vesting ended 15 Oct 2026^[4]
New coins: About 52M FIL of mining rewards over the next 12 months (about 6% of circulating)^{[2, 4]}
Mining reserve: 300M FIL reserve; how it will be distributed is not yet decided^[2]

Use and fees

Main use: Decentralized storage; Onchain Cloud charges US$2.50 per TiB a month^[10]
Network fees: US$2.0M in 12 months, all burned^[6]
Paid demand: Onchain Cloud demand was projected at about US$59k a year by Aug 2026^[4]

Trading

Daily trading: About C$166.0M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 14.87% of its market value changes hands each day^[1]
20-week average: 3.9% above its 20-week average price^[1]
1-year change: -42.5% in C$^[1]^[11]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later^[12]

Typical result: Median -25% after a year; 45% higher after two years
Lost half or more: 38% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found

The Solstice plan, reported 16 Oct 2026, would shift block rewards toward paid storage and burn the unearned part.^[8]
RedStone launched a FIL/USD data feed on the Filecoin network on 23 Oct 2026.^[8]
Grayscale and Republic's Decentralized AI Fund, launched 15 Oct 2026, holds FIL.^[8]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.