Walrus Protocol's popularity is well-deserved. This project has completely transformed the rules of decentralized storage with Red Stuff's 2D erasure coding technology—data recovery costs have dropped from traditional solutions to the order of O(B/n), and the total recovery cost across the entire network is only O(B), making the efficiency improvement truly revolutionary.

Just look at the current ecosystem activity. In just 7 epochs since the mainnet launched, it has gathered 103 storage operators and 121 storage nodes, with a total stake of over 1.01 billion WAL. There have been 53.7 million data transactions and 1.64 million active addresses. This solid foundation exceeds expectations. Regarding token price, the highest in 24 hours reached 1.24 yuan. It has already been listed on over 30 mainstream exchanges including Bybit and Binance, with a circulating supply of 1.25 billion tokens (total supply 5 billion). Growth potential is definitely there.

From a technical perspective, Red Stuff truly solves the three major issues that have long hindered decentralized storage: security, replication efficiency, and data recovery. Its performance level now rivals centralized cloud storage solutions, while also elegantly handling the high-efficiency storage needs of large-scale Blob data. The turnover rate remains at 16.69%, indicating decent market liquidity. More importantly, Web3 media company Decrypt has already planned to integrate into the ecosystem, and ecosystem deployment is accelerating—such practical applications often determine the long-term trajectory of a project.