Filecoin is the leading decentralized storage network that enhances the efficient use of storage resources and democratizes data access, allowing users to store and retrieve data more securely, efficiently, and transparently. The launch of the Filecoin Virtual Machine (FVM) in March 2023 introduced Ethereum-style smart contracts, enabling new functionalities like liquid staking, perpetual storage, and data-intensive compute. This has established Filecoin as the largest decentralized data storage project in terms of storage capacity and total bytes of data stored.