On July 15, 2025, the Filecoin network showed several indicators reaching historic lows, attracting widespread attention in the industry. Data shows that the total network Computing Power has dropped to 22.469 EiB, setting a new historical low. This value represents a significant decline compared to the low point of the same period last year, and is far from the historical high of 25.112 EiB recorded on February 17, 2024.

It is noteworthy that the CC Computing Power has fallen below the 1 EiB mark for the first time, dropping to 0.97 EiB. Meanwhile, the physical storage space of the network has also decreased to a new low of 3.12 EiB. These data reflect that the Filecoin network is facing significant challenges.

Further analysis of the data changes over the past 11 days shows that the average daily Computing Power across the network has decreased by 21PiB, the average daily staking amount has declined by 200,000 FIL, while the average daily destruction amount has increased by 7,875 FIL. This trend indicates that some storage providers may be exiting the network or reducing their participation.

However, not all indicators show a downward trend. The circulation volume increased by an average of 456,000 FIL per day over these 11 days, and the total number of accounts exceeded 3.62 million, with an average increase of 417 accounts per day. This indicates that despite the challenges faced by the network, new users are still joining.

The impact of the Filecoin Plus program remains significant, with its DC real data exceeding 2.15EiB, accounting for 95% of the total network Computing Power. However, this data has also seen a slight decline over the past 11 days.

The single T yield has dropped to a historic low of 0.0034 FIL, and the single T pledge has also fallen to its lowest level of 2.928 FIL. These figures reflect that the current economic incentives of the Filecoin network are under pressure.

Despite the general decline in various network metrics, the total release amount of Filecoin has reached 910.67 million FIL, indicating that the project is still progressing steadily. However, the number of active storage provider nodes has decreased by 23 over the past 11 days, a trend that warrants attention.

Overall, the Filecoin network is at a critical turning point. Although multiple indicators have hit new lows, the network still maintains a certain level of activity and growth momentum. How Filecoin addresses these challenges and balances the network's economic model in the future will be key factors determining its long-term development.