Filecoin: Rocky Start Hits Protocol With Slow New Year Progress – Here’s Why

Filecoin: Rocky Start Hits Protocol With Slow New Year Progress – Here’s Why

Although the broader market is experiencing a strong start this year, Filecoin has opened the year at a snail’s pace. According to Coingecko, the token is up over 4% in the past 24 hours. However, the week started with FIL bleeding nearly 27%. 
With investors uninspired by the ongoing broader market rally, FIL might be in for a rough few months after ending 2023 on a positive note. 
On-Chain Growth Prevents A Bigger Disaster 
In their most recent blog post, they highlight the recent achievements of the ecosystem. Over 2,442 unique smart contracts deployed on-chain, with over 3,000 projects native on Filecoin. But overall, Filecoin has been fairly silent in terms of development, despite boasting an extremely active developer base with over 15,000 contributors on GitHub.
Swan Chain – a layer-2 protocol powered by Filecoin itself – is the one creating a positive noise. In their recent post on X, the protocol posted a roadmap for this year. 

If Swan’s planned roadmap is follow

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