Revisiting previous project notes, I was reminded of the name Walrus. Although the market is still in a correction phase, the community interest in this project remains high—frequent on-chain discussions, especially regarding improvements in funding rates and the movements of large holders' positions, are sending some positive signals.

To be honest, the initial reason I paid attention to it was straightforward: the storage track. However, decentralized storage is no longer a new concept; Filecoin and Arweave have been deeply involved for years. What makes Walrus unique? It chooses to root itself in the Sui chain, focusing on efficient processing of large files and cost optimization, which is a very precise niche.

More importantly, the application scenarios. Modern AI model training often requires datasets of dozens of TBs, and relying on centralized cloud services carries single point of failure risks. Decentralized storage naturally provides redundancy mechanisms and availability guarantees, plus programmable privacy controls. This solution has significant potential to support AI infrastructure. Whoever controls the data storage discourse will hold the underlying competitive advantage.

The team strength is also a highlight. These folks come from Mysten Labs, the core builders of the Sui ecosystem, with solid technical expertise. The latest funding round reached $140 million, led by top institutions like Standard Crypto, which also indicates that market recognition for this direction is increasing.