Article • 11 months ago
Filecoin's Protocol Revenue Plummets by 60% in Q3 Due to Low Demand for Decentralized Storage Services
Summary
- Filecoin's protocol revenue dropped by 60% in Q3 due to a decline in demand for decentralized storage services.
- The network's demand-side base fees declined by 72%, along with other protocol fees that contribute to revenue.
- Filecoin's supply-side revenue, measured in FIL, decreased by 16% in Q3.
