Let's talk about Irys. I think at this point in time, it feels similar to how Solana was noticed before its explosion years ago. The core reason is that Irys has entered a sufficiently large and rapidly growing track: on-chain data. The proliferation of artificial intelligence is driving data volumes to grow exponentially, and Irys is currently the only blockchain built from the ground up to store, verify, and truly utilize this data. This positioning itself provides significant structural advantages.

Irys's token economic model is cleverly designed with a focus on deflation. All network activities, whether it's storage, execution, or programmable data trading, incur fees, and these fees are directly used to destroy tokens. Specifically, 50% of execution fees and 95% of long-term storage fees are permanently removed from circulation. This means that the more active the network usage, the more tokens are burned, while the total circulating supply of $IRYS tokens is limited—currently only about 20% of the supply is in circulation, with the team and investors' shares locked in the first year. Simple supply and demand mathematics: as demand grows, the available tokens gradually decrease, making the value support logic very clear. This is completely different from other data chains that rely solely on storage profits. Irys has three independent fee streams, collectively creating multiple deflationary pressures.

Irys’s technical architecture addresses developers' practical pain points. Through IrysVM, it offers complete EVM compatibility, meaning developers can directly use their familiar Solidity contracts and tools while