#MSCI未排除数字资产财库企业纳入范围 Walrus (WAL) Ambitions on the Sui Chain: A New Experiment in Privacy Storage Infrastructure

This is not an ordinary DeFi project. Walrus aims to build a storage + privacy underlying layer within the Sui ecosystem—using erasure coding and Blob technology to disperse large files across decentralized nodes, making them resistant to censorship and significantly cheaper than traditional cloud storage providers like AWS and Google Cloud. $WAL As a native token, it supports the entire economic cycle including storage fees, transaction fees, governance voting, and staking rewards.

From a technical perspective, several details are worth noting:

**Core Storage Layer** — Erasure coding + Blob storage is not a new concept, but implementing it in a decentralized environment requires engineering expertise. Dispersing large files, redundant storage, and fault recovery—keeping the system stable—is challenging. The advantages include no single point of failure and a more optimized cost structure.

**Privacy Toolchain** — Built-in zero-knowledge proofs enable users to hide transaction amounts and address details during DeFi transactions and dApp interactions. This has real value for sensitive assets or institutional users, though adoption remains to be seen.

**Ecosystem Compatibility** — High-capacity scenarios like AI model training data, large NFT files, enterprise private data, and Web3 social platforms truly require censorship-resistant storage solutions. Walrus is targeting a track that is not without reason.

**Why are some optimistic about 2026?**

The Sui chain itself is actively expanding and attracting ecosystem activity, which can benefit native storage layers. The broader trend of privacy + decentralized storage (the next wave after Filecoin, Arweave) is indeed a trillion-dollar potential. Additionally, institutional and enterprise demand for censorship-resistant storage is rising—whether for RWA asset proofs or AI data, this infrastructure is needed.

There is also a mismatch between market cap and technological level. Early projects are often undervalued, and with technological leadership plus ecosystem support, the upside potential is significant.

**Practical Investment Perspective:**

Such projects are not suitable for chasing highs; a reasonable dip provides a better entry point for phased deployment. From a long-term view, as the Sui ecosystem scales and privacy needs truly ignite, the return potential will become evident. Infrastructure tokens like $WAL, $ETH, $SOL follow similar logic—identify the right track, the right ecosystem, and the right timing.