Recently, the crypto space has been a bit chaotic, so today I want to casually talk about the market and some ideas.

BTC is still hovering around $90,000, and the SUI ecosystem has recently been performing steadily. The 60 million unlock has been fully absorbed, and there hasn't been any significant price fluctuation. After Mysticeti v2 upgrade, TPS has stabilized around 866. On-chain data shows that institutions are gradually deploying. The successive applications for SUI spot ETFs by Bitwise and Canary have further boosted market sentiment.

This round of market activity is not as frantic as last year, but on-chain activity has not declined. It feels like 2026 will be a period of deep-rooted development, with steady progress in AI agents and privacy transactions.

Let's talk about the latest developments in storage networks. The mainnet has been running for nearly a year, with total storage surpassing 4PB, and nodes are spread across the globe. They use RedStuff erasure coding technology to slice and store large files, keeping costs at about 5 times the baseline.

After a certain social network shut down, user data migration was mostly completed (as of January 19), and NFT media platforms like Pudgy Penguins remain active and accessible.

The white paper for the privacy protocol was officially released on January 8. After integrating with the storage network, it supports programmable privacy rules—such as conditional access and automatic expiration mechanisms—especially suitable for AI datasets and identity credentials storage needs. Chainbase has migrated 300TB of historical chain data, and Humanity Protocol has also transferred user credentials here, with real projects already using it.