WAL, when I entered the project half a year ago, was at $0.2, and now it’s hovering around $0.27. The increase seems steady, but honestly, competition within the storage sector is extremely fierce—Arweave and Filecoin have been under constant pressure.

My confidence in WAL mainly hinges on its deep integration with Sui. The Seal access control mechanism truly impressed me—after encrypting blobs, only token holders can access them, making privacy protection quite solid. The main concern is FUD attacks, but this mechanism addresses that issue from a technical standpoint.

In practical applications, Quilt’s batch upload feature saved the day. I tried uploading over 100 family photos and investment notes in one go, and the metadata tag search for 660 files was astonishingly fast. Someone is using it to tokenize AI datasets, which got me thinking—if my own trading history could also be NFT-ized and sold, the ecosystem’s potential would be enormous.

Risks need to be taken seriously—by 2026, 17.5 million WAL will be unlocked, putting supply pressure on the table. My plan is to reduce positions in stages at high points, rather than waiting for a real drop and regretting it. The current staking APY is around 12%, so it’s like earning interest on a fixed deposit.

The roadmap’s Q2 plan to launch an enterprise SDK could really attract institutional funding. Ecosystem applications are also increasing; for example, a trading platform is using Walrus for advertising, with daily impressions reaching 25 million, indicating the ecosystem is truly becoming active. Breaking the $1 mark isn’t that far off—what matters is whether the ecosystem can continue to expand.