The capital flow pattern during the mid-term bull market is actually quite clear: public chain rotation -> ecosystem infrastructure catch-up -> application layer takeoff. SUI has already emerged, so who will be the key player in the ecosystem next?

The market is desperately searching for projects that have both real business support and genuine token consumption scenarios. Taking a quick look into the SUI ecosystem, players like Walrus in the storage track are hard to ignore.

Let's examine its logic from the perspective of token economics:

**Essential consumption side**: To store data, you need to buy tokens—this is a hard requirement, not just fluff.

**Staking deflationary mechanism**: Storage nodes must stake tokens to take on orders; the larger the data volume, the higher the staking demand. As data continues to grow on-chain, the tokens in circulation are constantly being locked up. This is the real deflationary flywheel—not through destruction, but through business expansion that naturally generates demand.

**Governance value**: Major holders will inevitably hoard tokens to gain influence over their data storage parameters and rules.

Compared to the current market cap of Filecoin and Arweave, you'll see how much the valuation of this track still has a huge gap. Instead of blindly chasing meme coins that gain popularity through hype, it’s better to quietly focus on infrastructure projects with real business support while market attention is still on AI concepts.

Those who truly understand know that the secret to longevity is to withdraw during the hype and lay low during the quiet times—that’s the key to lasting success.