Some interesting developments have recently caught my attention—the storage protocol within the Sui ecosystem is indeed undergoing some tangible changes.

You might know that when this project raised funds, it caused quite a stir in the community, with $140 million directly invested. At the time, everyone's reaction was: with so much money, can they really build something? Or is it just another conceptual project?

But there's a detail worth noting. Humanity Protocol has migrated all their accumulated identity credential data of several million users to Walrus for storage. At first glance, it might seem nothing special, but if you really understand what this means—it's like a regional public security bureau handing over all their household registration data to a new storage system for management. There’s no room for error; data cannot be lost or tampered with. This indicates that at the practical application level, the network's stability and capacity have already begun to withstand high traffic.

From a technical perspective, its design approach is indeed commendable. Traditional blockchain storage solutions require that whatever you want to store must be verified, signed, and confirmed by all nodes across the network—how efficient can that be? Imagine all the residents in a community having to sign off on your buying a new table; that process would be incredibly lengthy.

This solution separates two things completely: data storage is handled efficiently by the storage layer itself, and the blockchain's role is simplified to one task—recording the fingerprint (a cryptographic proof) of the data on-chain to ensure it cannot be tampered with privately. This innovative approach significantly boosts efficiency by an order of magnitude.

Another detail that is particularly friendly to developers is that it now supports paying storage fees with USD stablecoins. Think about it—if you're developing an application and want to integrate a storage service, the biggest concern is cost volatility. Suppose storing 100GB of data costs 100 dollars in stablecoins today, but if the coin's price drops tomorrow, the same storage might cost 200 dollars. This uncertainty is a nightmare for long-term planning. Using stablecoins for pricing completely avoids this issue, which is quite attractive for developers within the ecosystem.

Of course, the competitors in this space are no weaklings. Filecoin has been operating in this field for years, and Arweave also has its user base. Competition in the storage market has never been short of participants.

However, Walrus's current position is quite special—as the official storage layer of the Sui ecosystem, it is essentially tied to a specific development trajectory. The growth rate of the Sui ecosystem itself, and whether its application ecosystem is mature, directly affects whether Walrus has enough traffic and application scenarios. From this perspective, the current positioning gives it a promising script to follow; now it’s just a matter of how well they perform on stage.