Decentralized file storage pricing differentials persist despite market growth: Report

In accordance with a brand new report revealed by Singaporean enterprise capital agency Foresight Ventures, the price of decentralized file storage on blockchains equivalent to Filecoin, Arweave, Swarm, StorJ, and Sia at the moment ranges from close to zero to $four per terabyte (TB) per thirty days. That is a lot decrease than conventional Web2 providers equivalent to Amazon Cloud or Microsoft Azure, the place costs can vary from $16 to $23 per TB of month-to-month storage.

Nonetheless, the report additionally outlined different prices related to decentralized storage, equivalent to knowledge add charges and retrieval charges, the latter of which may quantity to $7 per TB. Some service suppliers talked about within the report, equivalent to Filecoin, solely had storage charges, which had been additionally fairly low, whereas others had all three varieties of aforementioned charges.

As well as, analysts at Foresight wrote that blockchain storage nonetheless faces points equivalent to “file loss,” “tough to retrieve knowledge,” and “excessive bandwidth necessities.”  Pointing to 1 blockchain, researchers commented:

“Worth doesn’t account for bandwidth. Some nodes solely present storage providers, refuse retrieval.”

Regardless of pricing controversies, knowledge from blockchain analytics agency Messari cited within the report present that the full storage capability of the 4 largest file storage blockchains elevated by 2% year-over-year to 17 million terabytes (TB) on the finish of 2022. Filecoin at the moment has the biggest market share at 67%, adopted by Arweave (19%), Sia (8%), and Storj (6%). Whereas community utilization stays comparatively low, the metric amongst high gamers has since surged to three.1% in comparison with simply 0.2% in 2021.

On Apr. 27, Filecoin rolled out the nv19 Lightening and nv20 Thunder community upgrades to enhance block validation instances. As of April, the community has 22.7 million TB of storage capability and three,623 storage supplier methods.

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