Walrus ecosystem is currently exhibiting a typical compound growth trend. At this stage alone, it has gathered over 360 DApps, with DeFi protocols accounting for about 42% of the share, and NFT and gaming applications making up approximately 38%. The user base is around 190,000, and it has been growing at a rate of 15% over the past two months.

This number may not seem explosive, but it precisely demonstrates the steady and solid progress of the protocol in ecosystem development.

The true value is actually hidden deeper. Walrus is not just a storage protocol; it is more like a network woven from applications and user behaviors. Every on-chain call and data write reinforces the stickiness of the entire ecosystem. The more users and DApps there are, the stronger the protocol’s lock-in effect, and the greater the opportunities for token incentive distribution. This creates a self-reinforcing cycle.

What does this mean? Even if the token price fluctuates in the short term, the underlying value of Walrus will steadily be released alongside data accumulation and deep application reliance. For patient investors and ecosystem observers, these slow but solid variables are often more worth tracking than short-term market hype.