Comparing Filecoin and Rocket Pool

Filecoin

Symbol: FIL

Name: Filecoin

Asset Platform ID: -

Categories: DePIN, Alleged SEC Securities, Infrastructure, Storage

Market Cap Rank: 32

Price Change Percentage (30d): 32%

Filecoin is a decentralized network that allows anyone worldwide to participate as storage providers. It introduces economies of scale by decoupling hard-drive space from additional services, making storage resemble a commodity or utility. The supply and demand dynamics determine the price of storage on this global market, promoting competition among miners based on factors like reputation and reliability.

Rocket Pool

Symbol: RPL

Name: Rocket Pool

Asset Platform ID: Ethereum

Categories: Business Services, Infrastructure, Decentralized Finance (DeFi), Polygon Ecosystem, Arbitrum Ecosystem, Liquid Staking Governance Tokens, Ethereum Ecosystem

Market Cap Rank: 77

Price Change Percentage (30d): -24.80885%

Rocket Pool is Ethereum's decentralized liquid staking protocol. It allows liquid stakers to participate by depositing as little as 0.01 ETH to receive the rETH liquid staking token. The protocol is fully non-custodial, and its node operators are economically-aligned to perform well for stakers. Joining as a node operator only requires 16 ETH instead of the usual 32 ETH, and node operators earn a boosted ROI from operator commissions and RPL rewards. The Rocket Pool team has a long track record in the staking space, dating back to 2016, giving them unmatched experience and expertise.