The market is wailing and the entire network is plummeting. What’s the reason? Can Filecoin (FIL) survive the desperate situation? Bitcoin fluctuations reflect the macroeconomic situation. Yu Jianing pointed out that interest rate cuts may not bring positive effects. Economic uncertainty has intensified investor caution, and market volatility has intensified.

Filecoin has a turbulent quarter, with multiple negative resonances. The broader market is bearish, investor sentiment is sluggish, "May sell-offs" are common, and the crypto market is also affected. FIL cannot escape the disaster. Despite the partial growth of ecology, the overall decline cannot be concealed. FIL's bleak performance reflects quarterly difficulties.

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The Messari report revealed that FIL's active storage transactions plummeted by 6%, and the storage utilization rate was only 26%. Although it rebounded slightly in the second quarter, it slowed down significantly from the 5% growth in the first quarter. The early growth momentum was no longer there, and the growth momentum in the second quarter weakened significantly.

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