OneCommander is a modern file manager for Windows 10 and Windows 11. Features include tabs, dual-pane browsers, columns navigation, built-in preview, a theming system, color tags, and much more. It is free for home use and has no ads.

More information
Free for home use and no ads.
Commercial use is allowed with the Pro license. (What is commercial use?)
Privacy tldr: OneCommander is not collecting or transmitting users' data.
Detailed Privacy Policy.
64-bit software (x64 platform)
GPU Hardware DirectX accelerated where possible
Security: DEP (permanent); ASLR (high entropy); Memory-safe language C#/.NET
System Requirements
OneCommander requires Windows 10 or Windows 11 and .NET 4.8 framework (pre-installed on Windows 10 and 11)
Windows 10S is NOT supported.
High-DPI screen recommended (above 96ppi)
Acrylic window effect is supported only in Windows 10, but Mica window effect is available in Windows 11

Whats New
Updates: official site does not provide any info about changes in this version

https://www.onecommander.com/