ARE FILE SWAPPING NETWORKS CACHEABLE? CHARACTERIZING P2P TRAFFIC (PDF):

Our analysis of the traffic computed a 67%

byte-hit-rate which compares favorably with web caching

hit rates known to be in the range of 30% to 60%. Further, it

was shown that the disk space required for effective caching

of P2P traffic is small enough to be practical – close to

maximal caching is attained with 200 GB disk space.

Finally our analysis concludes that the byte-hit-rate

computed at our installation correlated with the traffic

volume, indicating that a higher byte-hit-rate may be

expected on links with a heavier traffic load.