Recently, the Walrus($WAL) airdrop has attracted a lot of attention. Users who participated in the tasks earlier have been receiving wallet airdrops one after another. There are still spots available, so interested parties should seize the opportunity to participate.

Speaking of this project, it’s worth looking at it from two perspectives.

From an optimistic point of view, Walrus indeed has several advantages: firstly, its technical promises are quite attractive. The team claims that its storage solution costs are significantly lower than similar competitors. If it can achieve large-scale commercial use, it will have a substantial impact on the industry; secondly, as the native storage layer of the Sui public chain, it directly benefits from the entire ecosystem’s developer base and ecosystem dividends, showing considerable development potential; additionally, it is backed by top institutions like a16z and Franklin D. Roosevelt, and has launched a Grayscale trust product. These are all factors that support confidence in the project.

However, risks are also evident. First, valuation and selling pressure are concerns. The fully diluted market cap is indeed high, and with the gradual unlocking of investor tokens, there will be considerable selling pressure in the future; second, technical implementation remains uncertain. There is currently a lack of large-scale commercial validation, and actual performance and stability still need to be verified; third, competitive pressure is intense. Storage projects like Filecoin and Arweave, which have been around for years, are formidable opponents. Competing for market share from them is no easy task; finally, historically, projects like this are particularly sensitive to events like airdrops and unlocks, which often trigger significant price volatility.

Therefore, this project has both potential and practical challenges. Investment should be approached with caution and careful consideration.