I remember the first time I heard @Walrus 🦭/acc mentioned. It wasn’t hyped in my circles. No loud threads. No timelines screaming about it. Just a quiet mention tied to Sui infra, and I almost ignored it.

What I noticed later was more interesting. $WAL wasn’t trying to be flashy DeFi. It felt like one of those “plumbing” projects — storage, privacy, boring stuff — until you realize boring is where real value sometimes hides.

At first, I wasn’t sure why institutions would care. Then I saw firms like Grayscale experimenting with trust-style exposure around infra tokens tied to the Sui ecosystem. That caught my attention. Not because it pumps price, but because institutions usually don’t touch things unless they see long-term utility.

Walrus makes more sense when you stop thinking “token” and start thinking “infrastructure.” Private data, blob storage, censorship resistance. Stuff that actually gets used, not farmed.

Still, one thing bothers me. Adoption. Storage protocols live or die by usage, not narratives. It needs real builders choosing it, not just funds holding exposure.

After watching this for a while, I’m not all-in, but I’m not dismissing it either. #Walrus feels like something you check on quietly… every few months… just to see if it’s growing teeth.