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Why Filecoin (FIL) Surged by 40% in a Week

While the spotlight remains on the success of Worldcoin, another crypto project is gaining traction, quietly flourishing in the background. Filecoin (FIL) has surged nearly 40% over the past week, and here's why: What's Happening with FIL: Currently, Filecoin (FIL) is trading around $7.55, approaching the critical $8.00 mark. Trading volume has also surged, nearly 160%, reaching $1.5 billion, according to CoinGeko. Three Reasons for Filecoin (FIL) Growth: - Collaboration with Solana: Filecoin announced a strategic partnership with the Solana ecosystem, enhancing decentralized data storage and bolstering security. This partnership underscores the close relationship between the projects and confirms mutual support. - Partnership with Pyth Feeds: Integration with the PythNetwork financial oracle network enables Filecoin users to access reliable real-time market data, boosting trust in the ecosystem and optimizing transactions. - Increase in Stored Data Volume: Since 2023, the volume of data on the Filecoin platform has grown by 3.8 times, reaching 1,800 PiB. This growth reflects increased interest in the platform and makes the token more sought after. Filecoin continues to remain open to collaboration with various protocols and projects, fueling its growth and strengthening its position in the cryptocurrency market. Read the full article