Investing in a single application project, if you choose incorrectly, it's a pitfall. Investing in a foundational public chain requires hundreds of millions of dollars to play around. Is there a compromise method to use one asset to capture the growth opportunity of the entire Sui ecosystem? Yes, there is—look at the Walrus project.

Walrus is not an independent public chain in essence; it is the infrastructure layer of Sui. This positioning determines its business logic—

Demand side: All the complex DApps, games, and financial applications on Sui are consumers of Walrus. The larger the Sui ecosystem, the greater the market demand for Walrus. These two are interconnected.

Revenue side: Operations such as data storage, retrieval, and processing require consuming or staking WAL tokens to access services. As demand increases, the usage and value of the tokens also rise.

Technical side: Once various applications on Sui deeply depend on Walrus's data layer, replacing it would be very costly. This technical stickiness can form a moat.

Why is this model smarter? Because you don't have to bet on the Sui ecosystem being dominated by a single track—whether it's GameFi, social applications, or DeFi becoming the main focus, it doesn't really matter. You only need to believe in a more fundamental logic: Sui ecosystem growth → data explosion → increased demand for data processing capabilities → rise in Walrus and its token value.

Compare this investment strategy: investing solely in application projects concentrates risk; a single misjudgment can lead to total loss. Investing only in public chain tokens faces a market cap of hundreds of billions of dollars with relatively limited growth potential. Instead, investing in the most certain foundational layer within the ecosystem—the data layer—becomes a more balanced choice. It offers the benefits of risk diversification while directly aligning with the core growth driver of the ecosystem.