Recently, the Walrus ( $WAL ) airdrop has attracted considerable attention. Users who participated in previous tasks have been receiving wallet airdrops in succession, and spots are still available for those interested to participate promptly.
Speaking of this project, it's worth examining it from two perspectives.
From an optimistic angle, Walrus does have several strong points: First, its technical promises are quite attractive. The team claims its storage solution costs significantly lower than competitors, and if it can achieve large-scale commercial deployment, the impact on the industry would be substantial. Second, as the native storage layer of the Sui blockchain, it directly gained the developer base and ecosystem benefits of the entire ecosystem, with considerable development potential. Furthermore, backed by top-tier institutions like a16z and Franklin Templeton, and having launched Grayscale trust products, these are all elements supporting investor confidence in the project.
However, risks are evident. First, there's the valuation and selling pressure issue. From a fully diluted market cap perspective, it does seem relatively high, and with the gradual unlocking of investor tokens, future selling pressure will be substantial. Second, technology implementation remains uncertain. Currently, there's a lack of large-scale commercial validation, and actual performance and stability remain questionable. Third, there's competitive pressure. Established storage projects like Filecoin and Arweave that have been running for years are no pushovers—gaining market share from them is no easy feat. Finally, from a historical perspective, such projects are particularly sensitive to airdrops and unlock events, often triggering significant price volatility.
Therefore, this project has both imaginative potential and real challenges. Investment requires careful consideration of the tradeoffs.
Recently, the Walrus ( $WAL ) airdrop has attracted considerable attention. Users who participated in previous tasks have been receiving wallet airdrops in succession, and spots are still available for those interested to participate promptly.
Speaking of this project, it's worth examining it from two perspectives.
From an optimistic angle, Walrus does have several strong points: First, its technical promises are quite attractive. The team claims its storage solution costs significantly lower than competitors, and if it can achieve large-scale commercial deployment, the impact on the industry would be substantial. Second, as the native storage layer of the Sui blockchain, it directly gained the developer base and ecosystem benefits of the entire ecosystem, with considerable development potential. Furthermore, backed by top-tier institutions like a16z and Franklin Templeton, and having launched Grayscale trust products, these are all elements supporting investor confidence in the project.
However, risks are evident. First, there's the valuation and selling pressure issue. From a fully diluted market cap perspective, it does seem relatively high, and with the gradual unlocking of investor tokens, future selling pressure will be substantial. Second, technology implementation remains uncertain. Currently, there's a lack of large-scale commercial validation, and actual performance and stability remain questionable. Third, there's competitive pressure. Established storage projects like Filecoin and Arweave that have been running for years are no pushovers—gaining market share from them is no easy feat. Finally, from a historical perspective, such projects are particularly sensitive to airdrops and unlock events, often triggering significant price volatility.
Therefore, this project has both imaginative potential and real challenges. Investment requires careful consideration of the tradeoffs.