Many DeFi participants are still staking on a single chain, living a somewhat rough life—long lock-up periods, volatile yields, and having to tinker with operations for half a day each time. This actually means missing out on the big opportunities in the cross-chain market.

Walrus Protocol's approach is quite straightforward. It combines multi-chain liquidity pools with smart rebalancing, allowing assets like ETH and USDC to flow flexibly between chains. In simple terms, it automatically helps you balance positions across different chains, saving the hassle of manual transfers.

Looking at the data, it's quite impressive—within the first week of launch, the protocol's TVL exceeded $42 million, with a daily new user growth rate of 28%. The most striking point behind this is that the average yield is 15 to 20 percentage points higher than traditional single-chain protocols. User behavior also confirms this: multi-chain operations indeed improve asset utilization efficiency.

That said, I think Walrus is doing well in the multi-chain DeFi space, with clear logic. But don’t get blinded by the numbers—cross-chain strategies fundamentally cannot escape the risks associated with market volatility. The yields are attractive, but the risks are real as well.