The CoinDesk Computing Index , comprising projects focused on decentralized sharing, storage and data transfer, has gained 11% in seven days, outperforming bitcoin and the broader CoinDesk 20 index.Filecoin’s decision to integrate Solana and Ethereum’s impending Dencun upgrade looks to have driven FIL and other storage coins higher.
The ongoing rally in the decentralized storage network, Filecoin’s FIL token, indexing protocol, and the Graph’s GRT has boosted the The index has gained over 11% in the past seven days, with FIL and GRT rallying over 40%, ignoring moderate weakness in the broader market. The index leader Chainlink’s LINK token has dropped 10%. The32 projects that aim to decentralize the sharing, storage, and transmission of data while bypassing intermediaries and ensuring privacy for users. FIL has a weight of 12.31% in the index, the second-largest behind LINK’s 37.36%. GRT has the fourth-largest weight of 7.66%.
“The Dencun upgrade is expected to generate increased demand for decentralized storage solutions, benefiting established projects like Filecoin, Arweave, and Storj. A key upgrade feature is the introduction of blob storage for submitting L2 data to L1,” “However, as blob storage is not permanent and data is discarded after approximately a month, there’s potential for this data to be utilized and analyzed further, thereby driving the demand for decentralized storage services,” ZMQuant added.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
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