Storage becomes a necessity in the Web3 era. As AI applications explode, competition in on-chain data storage solutions is becoming increasingly fierce, and emerging projects on the Sui chain are rewriting the landscape of this track with hardcore technology.

On the technical side, Red Stuff's innovative encoding technology is the core competitiveness. This solution targets the pain point of small file storage, and through optimization of the Quilt scheme, it has drastically reduced storage costs by 420 times — this is not just marketing numbers, but a real technological breakthrough. What does this mean for developers? It means that applications previously hesitant to go on-chain can now consider doing so.

The ecosystem is also expanding rapidly. In terms of funding, top-tier institutions like a16z have invested $140 million, and the ecosystem projects have already gathered over 800. Even more interesting is that the on-chain scale of RWA assets has surpassed $800 million, indicating that practical applications are landing, not just conceptual hype.

The governance mechanism design is also quite noteworthy. The dual model of deflationary destruction + staking governance, with community airdrops exceeding the proportion of funding, makes the distribution logic more friendly to token holders. From a value support perspective, these elements form a relatively complete ecological closed loop.

The storage track is currently in a period of demand explosion. With technological barriers and ecological dividends, projects like these are indeed worth market attention.