Filecoin's recent performance has attracted a lot of attention. The price has increased by 14%, which actually reflects the market's genuine expectations regarding its technological direction.

From a technical perspective, the on-chain cloud mainnet upgrade (previously called FVM upgrade) is the core change. The most significant aspect of this upgrade is the introduction of smart contract functionality—meaning developers can directly build decentralized applications, data computing services, and even AI workflows on Filecoin. This evolution from a simple "storage layer" to a "programmable cloud" significantly broadens the ecosystem's imagination space. It can attract more developers and enterprise users to participate, and the network utilization rate is also expected to rise accordingly.

The token economics are also interesting. FIL's adopted scarcity model (including mechanisms like block reward decay and storage provider staking) will further enhance scarcity as network usage continues to grow. If storage demand increases faster than supply, the circulation pressure will intensify.

Looking at the price performance, the current price of $1.473 has rebounded about 34% from the earlier low of $1.1. Buying activity remains relatively active. The community also holds some optimistic expectations for the future market—rumors of targets like $10 in 2026 and $20 in 2027 are circulating. Although these are community speculations, they indicate that market participants still have confidence in the project's technological upgrades.