What is FILST?
FILST, short for Filecoin Standard Hashrate Token, is an ERC-20 token based on the Ethereum blockchain. It is designed to represent Filecoin’s permanent computing power (i.e., storage hashrate) on the DeFIL platform, providing users with a way to participate in Filecoin mining and the ecosystem.
Definition and Function
- Computing Power Representation: FILST tokens are pegged to Filecoin’s storage computing power, allowing holders to indirectly own computing power on the Filecoin network.
- Mining Rewards: Investors can stake FILST tokens to earn Filecoin (FIL) mining rewards.
- Collateralized Lending: FILST can be used as collateral to borrow FIL or other crypto assets, such as USDT, on the DeFIL platform.
- Liquidity Provision: Users can also provide liquidity for FILST on decentralized exchanges (DEXs) to earn DFL, the DeFIL platform’s governance token, as a reward.
Background and Issuance
The FILST token was created by Juan Benet, who is also the founder of the well-known decentralized storage project Filecoin and the InterPlanetary File System (IPFS). The token was officially launched in 2021 with the aim of lowering the barrier to entry for ordinary investors to participate in Filecoin mining through tokenization.
FILST’s Market Performance and Current Status
Although FILST had a certain vision at launch, its current market performance reveals significant challenges.
Current Market Activity
As of this writing, FILST is marked as “Untracked” or “Inactive” on several major cryptocurrency data platforms (such as CoinMarketCap, Coinbase, etc.). This indicates that the token lacks sufficient market activity and data updates, making it difficult to accurately track key metrics such as price, trading volume, and market capitalization.
- Price and Trading Volume: Most platforms show FILST’s current price as $0.00 or “N/A” (not applicable), while a few have previously displayed a price of approximately $0.005131. Its 24-hour trading volume is typically reported as $0 or “N/A,” indicating virtually no trading activity in the market.
- Market Capitalization: Due to the lack of reliable price and circulating supply data, FILST’s market capitalization is mostly reported as $0 or “Data Insufficient.” Some sources have shown a figure of approximately $16,134, but these figures have not been verified by major data platforms.
Historical Price and Supply Data
FILST reached an all-time high in 2021 but has since experienced a sharp decline in price. As of this writing, its current price is well below its all-time high, indicating that it has lost nearly all of its value.
- All-Time High: FILST reached an all-time high of several dollars in 2021 (specific figures vary across sources, with the highest reported at $8.38).
- All-Time Low: The token hit an all-time low of $0.0033 on April 24, 2025.
- Max Supply: The maximum supply of FILST is 3,144,704 tokens.
- Circulating Supply: There are inconsistent reports regarding FILST’s circulating supply; some sources list it as 0, while others report 1.96 million tokens. CoinMarketCap has noted that the self-reported circulating supply is 3,144,704 tokens, but the market capitalization data has not been verified.This uncertainty has further heightened market doubts about its true status.
FILST Outlook Analysis and Risk Warning
Based on current market data and activity, FILST faces significant challenges in its outlook.
Market Perspectives and Challenges
Given that FILST is currently widely labeled as “inactive” and “no data available,” the market is generally pessimistic about its prospects. The lack of trading volume, market capitalization, and ongoing development activity suggests that the project may have lost the attention of both the community and investors. If a cryptocurrency remains in this state for an extended period, the likelihood of it regaining momentum is very low.
Investment Risk Warning
Investing in any cryptocurrency labeled as “untracked” or “inactive” carries extremely high risks. Such assets typically have extremely low liquidity, experience severe and unpredictable price volatility, and may even face the risk of project stagnation or becoming worthless.Investors should conduct thorough due diligence and fully understand the inherent risks before considering any cryptocurrency investment.
