Filecoin Says New FIL Supply to Drop 75% After Vesting Ends Oct. 15
Summary
- Filecoin said annual new supply will fall by about 75% after FIL vesting tied to PL and FF ends on Oct. 15.
- After vesting ends, annual new supply will be limited to 22 million FIL in block rewards, or a little more than 2% of current circulating supply, and net supply could shrink further depending on burns and collateral deposits.
- Filecoin said the token’s supply-demand structure could shift as paid network usage rises through FIP-0118 Solstice, FOC revenue growth, and the launch of enterprise storage service Fil One.
Forecast Trend Report by Period
Filecoin said new FIL token supply will drop sharply in October as vesting ends for initial allocations that have been the network’s biggest source of supply since launch. The change stands to reduce annual new issuance by about 75%.
A Sept. 4 post on the Filecoin blog said FIL vesting tied to Protocol Labs, or PL, and the Filecoin Foundation, or FF, will end on Oct. 15. About 66.7 million FIL is currently entering the market each year through vesting, while block rewards add about 21.7 million FIL.
After vesting ends, new annual supply will consist only of block rewards of about 22 million FIL. That is slightly more than 2% of current circulating supply. Filecoin said total new issuance would be about 75% lower than at present.
Growth in circulating supply could slow further depending on token burns and collateral deposits. A Filecoin tokenomics simulation showed daily net supply growth could be 86% to 119% lower by the end of 2027 than in August 2026, depending on network conditions. In scenarios with steeper supply declines, more FIL could be burned or locked than newly issued, turning net supply negative. Filecoin said those figures were simulation results, not forecasts.
The network is also pursuing changes to tie token rewards more closely to demand. Filecoin’s FIP-0118, known as Solstice, would direct part of block rewards to services that increase real paid usage. Tokens allocated under the proposal would be burned if on-chain payment volume does not meet a set threshold. The proposal was approved in September and is awaiting inclusion in a future network upgrade.
On the demand side, paid storage usage is rising. Annualized revenue based on on-chain payments for Filecoin Onchain Cloud, or FOC, increased to $59,327 at the end of August from $663 in January. Over the same period, the number of users making actual payments rose to 119 from 73.
Filecoin also launched enterprise storage service Fil One in June. The Amazon S3-compatible storage service costs $4.99 per terabyte a month and does not charge data egress fees.
Filecoin said the combination of a sharp drop in new FIL supply and increased paid network usage could change the token’s supply-demand dynamics.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.