In the fast-moving crypto market, Filecoin’s native token FIL just made a strong comeback. On November 7, 2025, while the global market was volatile, FIL went up against the trend. According to data from the MEXC exchange, FIL rose 45.10% in the past seven days and 53.56% in the last 24 hours. The price stayed around $2.116. This rebound lifted FIL’s market cap back to about $1.5 billion and put it back in the spotlight for decentralized storage.
Filecoin Basics: A Revolutionary Framework for Decentralized Storage
Filecoin is a decentralized network that aims to disrupt traditional cloud storage. Protocol Labs launched it in 2017. The network lets users rent out spare hard drive space to store data. This challenges big providers like Amazon AWS and Google Cloud.
FIL is the core utility token of the network. It pays for storage, incentivizes participants, and serves as collateral for miners. This helps keep the system stable. The network uses Proof-of-Replication (PoRep) and Proof-of-Spacetime (PoSt). These proofs ensure data integrity and long-term availability. Because of this, Filecoin supports Web3 apps, AI data markets, and DePIN (decentralized physical infrastructure networks).
Global data volume is expected to surge by 2025. Filecoin’s censorship-resistant and scalable storage becomes more important in that context. FIL’s circulating supply is about 707 million. The max supply is 1.96 billion. The economic model burns about 46,000 FIL per day as transaction fees. This creates deflationary pressure and supports value. On MEXC, lower trading fees make it easier for investors to join the ecosystem.
What Drove the Rally: Technology Upgrades and Ecosystem Momentum
The Impact of Technology Upgrades
The main driver of FIL’s surge is steady technical progress. These upgrades improve efficiency and make the network more attractive.
In Q2 2025, the F3 consensus went live. It improved scalability and security. In July, Network v26 gas optimizations cut the cost of storage operations. This encouraged more users and developers to participate. InterPlanetary Consensus (IPC) and Provable Data Possession (PDP) also arrived. They strengthened interoperability with Ethereum and enabled real-time data utility. This helps integrate AI and Web3 applications.
These efforts are not short-term hype. They show Filecoin’s long-term focus on real storage problems. Together they raised network activity and indirectly supported FIL’s rebound. As the MEXC team has seen with other DePIN projects, deep protocol improvements are often the base for sustainable price growth.
Community Strength and Market Sentiment
Community and developer activity is another key pillar. FIL Dev Summit 7 will take place at DevConnect in Bangkok from November 13–15. It will focus on AI and decentralized computing. On November 18 in Buenos Aires, DePIN Day will highlight Filecoin’s leadership in infrastructure.
A shift in market sentiment and whale activity also added fuel. Large buyers returned and volumes rose. This sparked bullish talk. Many analysts said the price could push above $2.10. Although annual inflation is about 17.8%, a token unlock cliff in October 2026 is expected to ease supply pressure. On MEXC, negative funding rates in FIL futures helped trigger a short squeeze. This gave pro traders clearer opportunities.
There are still challenges. Near-zero on-chain fees show that network activity has not fully exploded yet. Broader market swings led by Bitcoin could cause pullbacks. If FIL falls below the $1.50 support, a short-term correction is likely. These risks do not erase Filecoin’s long-term potential. They remind investors to stay rational.
Risks and Rational Considerations for FIL
FIL’s rally looks attractive, but risks deserve attention. Near-zero fees suggest on-chain usage is still below peak levels. This can mean lower short-term liquidity. Volatility in major assets like Bitcoin often impacts FIL. If FIL breaks below $1.50, a drop of 20%+ is possible.
Annual inflation of 17.8% is partly offset by the burn mechanism. Still, watch supply changes before and after the October 2026 unlock cliff. These points do not deny FIL’s value. They suggest a diversified strategy in the DePIN wave and avoiding overexposure to a single asset.
From tracking hundreds of projects, sustained returns usually come from strong fundamentals, not chasing pumps.
How to Buy FIL on MEXC
You can buy FIL on the MEXC exchange. MEXC is known for low fees, fast trading, broad asset coverage, and strong liquidity. MEXC also supports new projects with sharp insight and deep resources. This makes it a good place for quality projects to grow.
FIL is listed for both spot and derivatives trading on MEXC. You can trade FIL with ultra-low fees.
Steps:
- Open and log in to the MEXC App or website.
- Search for FIL. Choose FIL spot trading or FIL futures.
- Choose an order type. Enter quantity and price. Submit the order.
Friendly Reminder:
Crypto markets are highly volatile. Please assess your risk tolerance before investing and consider diversification. MEXC offers education and tools to help you make informed decisions, but the final responsibility is yours.
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