If you look at Walrus within the entire Sui ecosystem, you will find that its position is very special.
Sui is responsible for execution, and #walrus is responsible for storage.
One is responsible for "running logic," and the other is responsible for "storing data."
As long as the complexity of applications on Sui increases, the volume of data will certainly rise, and this data ultimately needs a scalable, low-cost, decentralized storage layer to accommodate it.
Walrus is designed for this stage.
This means that the demand for $WAL does not exist independently, but is driven by the overall usage of the Sui ecosystem. The higher the activity of Sui, the more stable the call frequency of Walrus.
From an investment perspective, this is a type of "passively bound demand," rather than demand driven by promotion. The characteristic of this type of demand is slow, but has extremely strong stickiness.
This is also why WAL finds it difficult to escape the curve of wild fluctuations, but it is also not easy to be completely abandoned.
