FIL Rockets After Filecoin Integrates With Solana

FIL is up 28% in seven days, ranking 11th among top 100 crypto assets.

Filecoin, a decentralized file storage network, is up 17% in three days after announcing an integration with Solana, the bubbling Layer 1 network.

Filecoin announced the news on Feb. 16, revealing it would host Solana’s block history moving forward. The move allows Solana-based ecosystem and infrastructure projects to move away from centralized data storage solutions, bolstering Solana’s decentralization.

“By leveraging Filecoin’s decentralized storage capabilities, Solana can achieve data redundancy, scalability, and enhanced security while staying true to its decentralized ethos,” Filecoin tweeted. “Solana is utilizing Filecoin to make its block history more accessible and usable for infrastructure providers, explorers, indexers, and anyone needing historical access.”

“I am really excited to see this launch,” said Anatoly Yakovenko. “Huge thanks to Filecoin for building an awesome decentralized archive layer.”