FIL · vesting still outweighs the block-reward mint.
FIL is the fuel of Filecoin, a decentralized storage network — ~795M circulating, with no hard cap and two streams of new supply: a decaying block-reward mint and multi-year investor vesting.
Sell pressure. Block rewards mint ~5.6M FIL over 90 days, while investor and foundation vesting adds ~21M more — about 27M in total.
Buy pressure. There is no buyback, and the gas burn collapsed to about 20 FIL a day — effectively nothing to offset the mint.
Net. About +3.3% to market over 90 days — supply still growing, though vesting ends Oct 15 2026.
- Protocol Labs + Foundation vesting endsvesting stopsOct 15 2026 · added to market
New FIL is minted every block as a storage-mining reward — about 5.6M over the next 90 days at the current on-chain pace of roughly 62,000 FIL a day. The mint decays over time on a 6-year half-life; 75% of each reward vests over 180 days.
Protocol Labs (300M) and the Filecoin Foundation (100M) still vest linearly through Oct 15 2026 — about 16M over 90 days — and prior miner rewards keep releasing on their 180-day schedule. Together that adds roughly 21M FIL to circulation over the window, the larger of the two sell forces.
The Foundation's release is already counted as scheduled vesting in row 2. No discretionary treasury sale outside that schedule is evident in the window — monitored. The 300M mining reserve sits idle; a proposal to burn it has stalled for over a year with no vote.
No bankruptcy estate or court-ordered distribution applies to FIL. Pledge collateral (~75M FIL) is locked out of circulation but is not a distribution to market.
Filecoin runs no buyback programme — there is no protocol or treasury mechanism buying FIL on the open market.
Network gas fees are burned on-chain, but after the 2024 fee redesign the base-fee burn collapsed to only about 20 FIL a day — a tiny fraction of the mint, so it is carried at zero.
No discretionary open-market buying by the Foundation or Protocol Labs is evident in the window — monitored.
No new escrow or multi-year lock was announced in the window. Ongoing pledge collateral locking is structural, not a new lock event, and is tracked separately.
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