The encrypted storage market is booming. What's the progress of popular projects?

php Editor Apple has recently noticed a general rise in the field of encrypted storage, attracting the attention of many investors. How are popular projects progressing in this wave? What are the recent market trends? In this article, we will provide you with an in-depth analysis and take you to understand the latest developments and development trends in the encrypted storage track.

In the field of Crypto, data storage is closely related to decentralization and user ownership, but the storage track has always been tepid. Since October last year, the AI ​​Web3 concept has been widely popular in the industry. AI concept tokens have experienced an extremely significant increase in recent months and even in the past few months. AI computing and data storage (Aleph.im, etc.) are the directions chosen by most teams. So, who is rotating after the AI ​​section? The storage track takes its place.

It can be noticed that in the past month, the storage track has experienced general growth. Among them:

• Filecoin token FIL rose from 5 USDT to 8.54 USDT, with a maximum increase of more than 70%;
• Arweave token AR rose to a maximum of 16.09 USDT in the past half month, and now The quotation is 15.35 USDT, an increase of 75.9%;
• Cloud Storage Coin Siacoin Token SC once rose by 162% before plummeting on February 24 and 25;
• Storj Token STORJ rose to 0.73 USDT, an increase of over 25% in the past month;
• Chia token XCH rose to 34.83 USDT, an increase of over 11% in the past half month;
• BitTorrent token BTT rose to 0.000001075 USDT, It has risen by more than 25% in the past month;
• Ocean Protocol token OCEAN has risen to a maximum of 0.8 USDT, and has risen by more than 50% in the past half month;
• Holo token HOT has risen to 0.00237 USDT, and in the past It has risen by more than 20% in half a month;
• Crust token CRU has risen to 1.96 USDT, an increase of 48% in the past month;
• Bluzelle Network token BLZ has risen to a maximum of 0.448 USDT, and is now 0.36 USDT, which has increased by more than 20% in the past half month;
• ......

In view of this, this article will select several mainstream storage projects and take stock of their recent progress. Look for potential factors in the rally for storage class tokens.

Filecoin

In March 2023, Filecoin launched FVM on the main network, allowing developers to deploy smart contracts on its FVM, allowing the storage provider lending market and sustainable storage to be built on Filecoin Transactions, cross-chain bridges, L2, data DAO, etc. provide possibilities. As of December 2023, more than 200 projects have been built on FVM, approximately 635,000 wallets have been created, and more than 2,400 unique contracts have been deployed. According to Starboard data, as of February 26, the net DeFi deposits on Filecon VM were approximately US$225 million.

Among them, the liquidity leasing agreement Glif is currently the largest DeFi protocol on Filecoin VM, with a net deposit of 13.95 million FIL (approximately $111 million). Glif was launched in March 2023 by the same team that developed the first Filecoin wallet. On February 7, 2024, Glif completed US$4.5 million in financing, led by Multicoin Capital, with participation from Zee Prime Capital, Fintech Collective, Big Brain Holdings, Protocol Labs and other investors. This is Multicoin Capital’s first investment in a Filecoin ecological project.

In the past two months, Filecoin has made other developments. For example, Filecoin launched a new ecosystem browser; the Filecoin Foundation successfully deployed IPFS in space, using IPFS to send files from Earth to orbit and back to Earth. Filecoin VM integrates Pyth price feed service. Filecoin is also integrated with Solana, allowing infrastructure providers, explorers, indexers, and any user who needs historical access to more easily access their block history and achieve data scalability by leveraging Filecoin’s decentralized storage capabilities. performance and enhanced security.

Filecoin 2024 Roadmap

The launch of FVM allows developers to create various DApps on Filecoin. As on-chain activity increases, the block space becomes more competitive, which will lead to higher mainnet operating costs. To solve this problem, Filecoin adopts the InterPlanetary Consensus (IPC) framework to improve scalability.

• IPC: IPC is a framework that can deploy and run subnets with different consensus mechanisms to achieve Filecoin’s scalability and allow DApps to implement sub-second (less than 1 second) transactions. IPC generates its own state, performs message validation, and can interact with any subnet as well as the Filecoin network root. In March 2023, ConsensusLab launched the public interstellar consensus test network on Filecoin Spacenet. IPC is expected to enter the M2 stage (functional demonstrator on the Filecoin main network) in July this year, when it will turn to Solidity actors to achieve anchoring with the EVM main network and cross-network information transfer.
• Filecoin L2, including the first Filecoin L2 computing network Fluence and Lilypad, the Lambda network Filecoin Station driven by Filecoin, and the first search market Filecoin Saturn will be launched.
• Data retrieval and DA: Filecoin launched Boost Lassie, Station and other projects in 2023 for data retrieval and DA that were not previously supported. In 2024, Filecoin attempts to push retrieval to become the standard for Filecoin storage clients and the basic storage layer for Web3.
• Filecoin DeFi: DeFi on Filecoin includes Glif, stFIL, SFT Protocol, HashKing, FilFi, Filet Finance, MineFi, HashMix, mFIL DAO and CollectifDAO. In addition, in November 2023, Sushiswap launched FVM, and the Uniswap v3 contract has also been deployed on FVM. Uniswap v3 will launch front-end page in early 2024.

Arweave

The rising momentum of the storage sector this round largely comes from Arweave. On February 13, Arweave founder Sam Williams announced on Twitter that the supercomputer AO will be launched on the test network on February 27. It can run any number of processes in parallel and coordinate through the messaging layer. This messaging standard can Connect these independent processes into a network. In other words, Arweave, which was originally doing decentralized storage, will enter the computing era.

Unlike existing decentralized computing systems, AO is able to support computational operations without size and form restrictions imposed by the protocol, while maintaining the verifiability of the network itself. AO is built in a modular form, rather than imposing a set of choices on all users in the computing environment: users can choose the virtual machine, ordering model, message delivery security guarantee and payment method that best suits them, and all messages will be settled to Arweave on the decentralized data layer.

AO’s decentralized operating system is AOS, which functions like a smart contract and allows developers to initiate command line processes. These processes are not tied to any specific location, enabling seamless user interaction across the network.

The basic architecture of AO includes:

• Processes: the computing units of the network, represented by interaction message logs and initialization data items stored on Arweave. Process
• allows the communication unit to transmit messages to the computing unit, allowing users and processes to freely choose sequencers, etc.
• Messages: Each interaction with a process is represented by a message. Users and processes can send messages to other processes on the network through the scheduling unit.
• Scheduler Units: Responsible for assigning slot numbers to information sent to the process and ensuring that the data is uploaded to Arweave.
• Compute Units: used by users and communication units Nodes that calculate the process status in AO can compete with each other in the peer-to-peer computing market to provide services for solving the process status, and return a signed specific message parsing output certificate.
• Communication unit (Messenger Units): A node that delivers messages in the AO network according to the cranking process, delivers the message to the computing unit, and coordinates to calculate the output results.

The above is the detailed content of The encrypted storage market is booming. What's the progress of popular projects?. For more information, please follow other related articles on the PHP Chinese website!