In Q3’24, Filecoin’s new storage deals increased by 16% QoQ. Storage utilization grew from 26% in Q2’24 to nearly 30% in Q3’24, while storage capacity fell 18% QoQ. Simultaneously, over 2,000 clients onboarded data on Filecoin by the end of Q3’24. Of those clients, 518 onboarded large datasets over 1,000 TiB. As of Sept. 30, 2024, over 4,500 unique contracts were deployed on the Filecoin Virtual Machine (FVM). DeFi net deposits on the FVM accounted for over 20 million FIL ($84 million) in Q3’24, primarily used in staking, liquid staking, and DEXs. Filecoin continues to develop as a decentralized physical infrastructure network (DePIN), creating a decentralized storage marketplace for enterprise adoption, as well as enabling decentralized compute and AI. In Q3’24, the ecosystem expanded through the announcement of the Filecoin Web Services (FWS) framework, offering a market for verifiable services for developers and users. Filecoin formed a series of AI partnerships to expand its data solutions. Additionally,…