2026-01-09 04:22:44

Recently, a storage protocol in the Sui ecosystem has become extremely popular, with various voices claiming it is a "killer app" that can overthrow traditional storage solutions. I spent some time researching it in depth and running numerous tests. Honestly—this thing seems more like a trap set for newbies.

**Why is the price so cheap? Undermining decentralization**

Let's start with the most attractive point: $20/TB/year. It’s indeed ridiculously cheap. But the problem is, this price didn’t come out of nowhere.

The Filecoin network has over 3,000 active nodes spread across the globe. And this protocol? Only about 200 active nodes, mostly players within the Sui ecosystem. I uploaded a 1GB test file myself, and three nodes went offline simultaneously, making the data unreadable. It took two hours to restore access—if this were important data, the consequences would be unthinkable.

The core value of decentralized storage is data dispersal; more nodes mean better risk resistance. Playing like this is no different from putting all your eggs in a few baskets. Is this still "decentralization"?

**Data shows how grim the reality really is**

After checking on-chain data, it’s even more heartbreaking: over 70% of this protocol’s storage demand comes from NFT projects within the Sui ecosystem storing images. But how are these NFT projects doing? Trading volume is dismal, and community activity is almost entirely maintained by the project teams themselves spamming updates. In the past month, the new storage added is only about 2TB, less than a single day’s increase on Filecoin.

In essence, it’s just internal ecosystem digital trading, creating a false illusion of "prosperity."

**Hidden pitfalls in token distribution**

Finally, let’s look at the token mechanism—that’s the truly frustrating part. About 43% of the supply needs to be locked until 2033. What does that mean? It means the tokens actually in circulation are pitifully few, and the lock-up period is ridiculously long.

Overall, the low price is definitely the biggest selling point of this protocol. But the cost of that low price is sacrificing the reliability of decentralization. The ecosystem’s fake prosperity combined with flawed token design makes this a risky setup.

SUI-0,18%

FIL-0,26%

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PebbleHander

· 23h ago

Looks like the old tricks again, cheap goods are always toxic. Claiming decentralization with only 200 nodes, I’m laughing to death. Data offline for two hours? Might as well store it locally. NFT projects flooding the channels to boost data, it's really competitive to the extreme. 43% locked until 2033, who are they trying to trap as new investors? Fire is fire, but real user numbers still matter. Right now, it's really a trap.

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4am_degen

· 01-09 17:56

Wow, 200 nodes still dare to boast about decentralization? This is just a shell game. It's the same old trick, cheap prices come with hidden pitfalls. The data is all here, does anyone still dare to take the bait? Unlocks in 2033? This token mechanism is completely outrageous. Relying on NFT projects to flip digital assets back and forth, it's truly crazy. Newbies should wake up; not all cheap stuff is worth touching.

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BrokenRugs

· 01-09 04:51

Another cheap trap, can 200 nodes really be called decentralization? Laughing to death --- Filecoin 3000+ vs this guy's 200, still fake prosperity, pure ecological self-hype --- Data offline for two hours? If you need to store important files, it's game over. The price is so cheap that you should be cautious --- 43% locked until 2033? Do you want to live until then with us haha --- When newbies rush in to buy coins, they should think about why it's so cheap --- NFT projects have 70% of their storage, but trading volume is still bleak, just swapping digital assets among themselves --- Decentralization is a joke, it's just a centralized system wearing a disguise

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MetaNeighbor

· 01-09 04:50

More than 200 nodes still dare to call it decentralized, isn't that just self-deception? --- 20 dollars per TB is indeed cheap, but cheap things are often the most expensive --- Three nodes go offline and it can't be read directly, I just want to ask, how is this usable? --- 70% of storage is NFT hype within the ecosystem, how much water is in this data? --- Lock-up until 2033? Is this gambling or cutting leeks? --- Filecoin has over three thousand nodes vs. this two hundred, the gap is not a small one --- It looks prosperous on the surface, but in reality, it's just transferring funds within oneself --- I really don't understand this kind of protocol, where does it dare to call itself a killer app? --- It took two hours to recover from node downtime, what if it was actual data production? --- Decentralization has turned into "de-popularization," indeed

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TokenSleuth

· 01-09 04:47

Another "cheap is justice" scam, huh? 200 nodes dare to call themselves decentralized? Laughable. --- 20 bucks per TB sounds great, but then you get disconnected immediately, and data loss is just bad luck. --- 70% of storage is just NFT projects banding together for mutual support. Isn't that enough to illustrate the problem? --- Lock-in until 2033? Brother, are you building a monument for yourself or digging a pit for retail investors? --- Really, newbies get excited when things are cheap, but they end up getting slaughtered the hardest. It’s always like this. --- Node downtime for two hours before access is restored... Isn’t this just centralized storage wearing a Web3 disguise? --- Filecoin has over 3,000 nodes vs. this thing with just over 200. The gap is huge. --- Fake prosperity in ecosystem data combined with locked tokens and scams—this combo is too classic, the eternal script of Web3.

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LazyDevMiner

· 01-09 04:46

Damn, 200 nodes can't be called decentralization? How is this different from centralized storage? Cheap and unstable, a typical case of wanting both fish and bear's paw but not getting either. 70% are NFT projects just hyping themselves up; this data must be heavily manipulated to look credible. Tokens locked until 2033, really shady—just waiting for retail investors to buy high. I advise everyone to be cautious with this deal; you get what you pay for, brothers.

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GasGrillMaster

· 01-09 04:40

Over 200 nodes still dare to boast about killer-level, isn't that just talking nonsense? --- It's the same old trick again, behind the ridiculously low prices are all traps. --- Locked until 2033? Bro, you're just playing with words. --- NFT projects are just messing around with themselves; digital is all an illusion. --- When nodes go offline, they can't be read at all. What's the point of decentralization then? --- The cost of low prices is the loss of reliability. Who dares to take this deal? --- Filecoin's daily increase is even more than what it has in a month. And it's still so popular? --- Putting eggs in several baskets is called decentralization. That's just incredible. --- It took two hours to recover, and important data was already lost. --- 43% locked for ten years. By the time the leeks realize it, they'll probably be out of the game.

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MEVSandwichVictim

· 01-09 04:31

Another scam targeting beginners, calling 200 nodes decentralized—laughable. With 3 nodes offline, data can't be read—how can you believe that? It's only unlocked in 2033, and there aren't many tokens in circulation now—it's just a pump and dump scheme. The cost of low prices is stability. Without stability, I’d rather spend money on Filecoin for storage. NFT projects flood the market to boost data—this is the current "prosperity" of the Sui ecosystem? That’s a bit heartbreaking. Low prices are just a facade; the real victims are naive users. It's just a name change and a new ecosystem—technically, it's still the same garbage underneath.

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