Filecoin Expands to Onchain Cloud Services, Opening Waitlist

Filecoin has officially transitioned to on-chain cloud services with the launch of its new website and waitlist, expanding its scope significantly as announced on November 8, 2025.

The shift positions Filecoin as a major player in cloud services and resulted in a nearly 110% surge in its FIL token value, indicating strong investor support.

Filecoin’s Bold Move to Onchain Cloud Services

Filecoin’s transition from a decentralized storage network to onchain cloud services marks a pivotal development. Executed by the Filecoin Foundation, it aligns with broader goals to enhance decentralized infrastructure.

Moving beyond storage, Filecoin introduces new cloud capabilities, aiming to attract a range of developers and support new applications. The anticipated technological expansion underpins Filecoin’s mission.

“In November, we’re releasing the first capabilities of Filecoin Onchain Cloud. This platform marks a major expansion of the network and serves as an entry point for a new generation of builders, advancing Filecoin’s mission to preserve humanity’s information.” – Filecoin Foundation Blog

The market responded with the Filecoin (FIL) token surging 110% following the announcement, signaling increased investor interest. No major statements by other high-profile figures or regulators were noted at the time.

Price Surge and Market Implications Following Announcement

Did you know? Filecoin’s shift mirrors past efforts by projects like Arweave, hinting at sector expansion and intensified competitiveness. Long-term ecosystem engagements may evolve around these cloud capabilities.

Filecoin, with the symbol FIL, is trading at $3.02 with a market cap of $2.13 billion, dominating 0.06% of the market. The fully diluted market cap is $5.91 billion, with a 24-hour trading volume of $2.45 billion, marking a 30.80% decrease. Over the last 30 days, prices increased by 31.40%, according to CoinMarketCap.

The Coincu research team anticipates economic influences from Filecoin’s strategic shift. Historical data from previous decentralized storage projects suggests potential for sustained development within the new cloud framework, as indicated in this study.