Filecoin [FIL] makes a stunning comeback in 2023, is this the reason?

At the time of writing, FIL jumped 25% over the previous day. Filecoin’s daily cumulative revenue over the last 180 days was second only to Ethereum. After facing considerable stress for most parts of 2022, Filecoin’s [FIL] bullish rally made impressive gains since the beginning of 2023. The coin surged 25% over the previous day […]

Filecoin recorded excellent growth on its DeFi front as well, with the total value locked skyrocketing to its all-time high on 15 February, per data from DeFiLlama. This growth was powered by decentralized mining platform Filet.According to Santiment, FIL seemed to have got a thumbs-up from investors, as evidenced by the positive weighted sentiment for the token.

However, the slight drop in development activity might be a cause of worry as the Filecoin community eagerly awaited releases of proposed enhancements.Subscribe to get it daily in your inbox.

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