When discussing crypto projects, most people focus on technological breakthroughs or fundraising scales, but the real test often lies deeper.

Take the decentralized storage sector as an example. On the surface, it looks promising, but there is a core issue that is hard to bypass—are the market willing to pay for this kind of basic service?

This is not just worrywart thinking. Web3 users are already accustomed to cheap or even zero-cost infrastructure, and intangible assets like storage are especially prone to being undervalued. Things that users cannot see or touch make it difficult to generate a willingness to pay. Once this psychological inertia forms, it becomes an invisible ceiling for the entire sector.

Therefore, the fate of such projects largely depends on whether the ecosystem applications truly become more complex. As long as applications remain at the "light interaction" stage, storage demands will never be fully unleashed. Conversely, if application complexity does not increase, the business model will struggle to close the loop.

What’s more challenging is that this won't manifest immediately; instead, it will be like a chronic disease— the longer it drags on, the more critical the problem becomes. It may not be apparent in one or two years, but in three to five years, the gap will be obvious.

Understanding this layer of logic is actually more conducive to making truly long-term decisions.