Filecoin set a new all-time high, reaching over 5.000 smart contracts on its Filecoin Virtual Machine as it prepares for the launch of Proof of Data Possession, an innovation that ensures the integrity of decentralized storage.
Filecoin, the decentralized blockchain-based data storage network, has reached a new milestone that reaffirms its position as a leader in Web3 infrastructure. At the end of the first quarter, the platform reported the implementation of more than 5.000 unique smart contracts on its Filecoin Virtual Machine (FVM), surpassing the 3,2 million on-chain transactionsThis exponential growth demonstrates the growing adoption of Filecoin for applications requiring secure storage and automation through smart contracts.
In addition, the network is preparing to launch Proof of Data Possession (PDP), a revolutionary technology that will allow for continuous and efficient verification of the integrity and availability of stored data, without the need to download the entire information. Complemented by the upcoming F3 update, which will drastically reduce transaction confirmation times, Filecoin is positioned as a fundamental platform for the development of fast, reliable, and scalable decentralized solutions in the global digital economy.
BUY FILECOIN ON BIT2MERecord growth in smart contracts with the Filecoin Virtual Machine
Since its launch in March 2023, the Filecoin Virtual Machine has driven significant growth in smart contract activity within the network. By March of this year, the number of unique contracts deployed had surpassed 5.000, with over 3,2 million transactions linked to these contracts during the first quarter. The FVM allows developers to program smart contracts on WebAssembly, facilitating the creation of decentralized applications that interact directly with data stored in Filecoin and IPFS.
This flexibility has enabled the implementation of diverse and sophisticated use cases, such as automated storage contract renewals, automatic geo-replication to improve the availability of critical data, and decentralized governance through autonomous organizations (DAOs). Furthermore, Filecoin's gas fee structure incentivizes efficiency and penalizes spam, ensuring an orderly and cost-effective operating environment for users and providers.
Although the total volume of stored data experienced a slight reduction of 13% compared to the previous quarter, according to the data According to Messari, this is part of a strategy geared toward longer-term, higher-value storage contracts, especially for enterprise customers who demand reliable and verifiable services. Through this approach, the network has strengthened its stability and trustworthiness, solidifying its position as a key player in decentralized infrastructure for Web 3.
ENTER CRYPTO AND WEB3 WITH CONFIDENCESecurity innovation with Proof of Data Possession
Filecoin is in the final stages of launching Proof of Data Possession (PDP), a technological breakthrough that complements existing cryptographic proofs Proof of Replication y Proof of Spacetime. PDP introduces a lightweight, continuous verification method that allows you to confirm that stored data remains intact and accessible without having to download or reveal its full contents.
This cryptographic challenge-response mechanism is especially relevant for sectors requiring high trust and guaranteed availability, such as cultural archives, academic repositories, and artificial intelligence applications. By integrating PDPs into smart contracts, contractual terms based on verified data ownership are automated, reducing the risk of corruption or loss and minimizing manual oversight.
Researcher Armita Jalooli from Messari, specialized in blockchain protocols, commented that PDP “allows a light and continuous verification of stored data, making the network more viable for use cases that require more frequent access and reliability.”
PDP testing has undergone external audits and integration tests with pioneering projects, ensuring its security and efficiency. Its mainnet deployment is planned for the second half of the year, representing a decisive step toward increasing the trust and quality of decentralized storage on Filecoin.
TRADE SAFELY WITH FILECOIN ON BIT2MEF3 upgrade: speeding up the network with faster transaction completion
In parallel, Filecoin is moving forward with the implementation of the F3 update, also called Fast Finality, This is designed to reduce transaction completion time from approximately 7,5 hours to just a few minutes, improving speed by more than 100 times. This improvement, which was implemented in late March, is crucial for supporting applications that require rapid responses, such as decentralized finance (DeFi), artificial intelligence, and gaming.
The F3 upgrade has introduced optimizations to the Filecoin network's consensus algorithm and contract execution, including the opcode MCOPY to improve the computational efficiency of Solidity contracts. It has also improved the generation of historical randomness, strengthening security against potential attacks.
For storage providers, the arrival of this update means a simpler and easier onboarding process that has reduced hardware requirements, promoting scalability and the inclusion of new nodes. The reduction in confirmation times has also improved the user experience, allowing for near-real-time settlements and confirmations, and boosting Filecoin's competitiveness and mass adoption.
"The update improves network efficiency, expands smart contract functionality, and lays the groundwork for reduced transaction completion times," Jalooli emphasized.
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Strategic alliances and expansion in artificial intelligence and blockchain
During the first quarter of 2025, Filecoin strengthened its ecosystem through partnerships with leading projects in artificial intelligence and other blockchains. Platforms such as Aethir and KiteAI use Filecoin to ensure the integrity and availability of large volumes of data needed for AI workloads and decentralized intelligent agents. Projects such as Nuklai and SingularityNET They also leverage the network to manage metadata and ensure the decentralization of their services.
In the blockchain space, Filecoin was integrated with Blockfrost, a key API for Cardano developers, which uses Filecoin to support IPFS clusters and improve the security of its applications. Solana, through its initiative Old faithful, uses Filecoin to archive its complete transaction history, reducing dependence on centralized infrastructure.
These collaborations solidify Filecoin as an interoperable and scalable network, capable of supporting complex solutions across multiple technology sectors. Additionally, programs like FIL ProPGF drive community development through on-chain financing, and the introduction of the USDFC stablecoin offers new financial tools for interacting with DeFi and managing volatility risks.
BUY, SELL AND GROW – BIT2ME LIFEIn conclusion, Filecoin has marked a turning point in decentralized storage in 2025, starting with its record of more than 5.000 smart contracts on the FVM and the imminent arrival of Proof of Data Possession. These advances, along with the F3 update that dramatically accelerates transactions, consolidate Filecoin as a robust and trustworthy platform for the Web3 era. Likewise, its integration with artificial intelligence projects and leading blockchains such as Solana and Cardano expands its reach and potential, positioning it as a fundamental pillar for the next generation of decentralized data services, where security, automation, and speed are essential to the global digital economy.
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