About Filecoin (FIL)

Filecoin is a decentralized storage network that allows anyone worldwide to participate as storage providers. It allows storage to be treated as a commodity or utility by separating hard-drive space from additional services. The pricing of storage on the network is determined by supply and demand, creating a robust global market. Miners on the network compete based on factors like reputation for reliability, as well as price.

About MultiversX (EGLD)

MultiversX, formerly known as Elrond, is a technology ecosystem for the new internet. It provides a smart contracts execution platform capable of handling 15,000 transactions per second (TPS), with a low latency of 5 seconds and a transaction cost of $0.001. MultiversX focuses on areas such as fintech, decentralized finance (DeFi), and the Internet of Things (IoT).

MultiversX offers the Maiar app, which provides an intuitive first-time blockchain experience with progressive security measures and a gamified approach to unlocking more features. The MultiversX Proof of Stake (PoS) economic model has a limited supply, and its token is called eGold, representing a digital store of value aimed at reaching the next billion users.

Key Points of Comparison

Categories

• Filecoin categories: DePIN, Alleged SEC Securities, Infrastructure, Storage
• MultiversX categories: Binance Launchpad, Protocol, Smart Contract Platform, Layer 1 (L1), MultiversX Ecosystem

Market Cap Rank

• Filecoin: 32
• MultiversX: 53

Price Change Percentage in the Last 30 Days

• Filecoin: 32% increase
• MultiversX: 23.84937% decrease