Walrus's role in the Sui ecosystem is redefining the boundaries of data ownership and privacy protection. Its core competitiveness is reflected in two main dimensions: first, in data rights confirmation, the Seal function uses threshold encryption and on-chain Move contracts to allow users to precisely control who can access data, how it is used, and how the benefits are distributed. Second, in storage efficiency, the Quilt tool packages fragmented files, drastically reducing storage costs to 1/420 of the original; meanwhile, Upload Relay relies on a distributed network of 280,000 PoP nodes, keeping read/write latency within 50 milliseconds.

From an ecosystem perspective, the data is more visually intuitive. By early 2026, over 500 applications built on Walrus have been launched, indicating that the market is indeed voting with its feet. On the token side, WAL has burned over 120 million tokens, with 43% of community reserves unlocked linearly until 2033, and node staking yields maintained between 18-25% annually. In terms of funding, $140 million has been raised, and a partnership with Crossmint has facilitated the integration of 40,000 enterprise applications. Importantly, the demand for WAL is deeply tied to real data flow, with a deflationary effect gradually emerging. This growth logic is relatively solid, and its long-term value potential is worth monitoring.