Looking at the Walrus project, the core aspect is still the economic design of the token $WAL.

First, let's talk about its fuel attribute. Anyone storing data on the Walrus network must spend WAL, which is a hard cost. As more applications emerge within the ecosystem, the demand for WAL is inherently there—this rigidity acts as a natural deflationary driver. It’s not driven by speculation but by actual usage.

Next, consider governance rights. Staking $WAL can earn network rewards, and more importantly, it allows you to vote on how the protocol develops. This elevates the token from a simple medium of exchange to a rights-bearing certificate. Staking yields plus genuine demand—two pillars—ensure that the token’s value is truly linked to ecosystem growth.

What does the market think? Increasingly, professional institutions are placing WAL on their long-term observation lists. This isn’t blind FOMO but recognition that there is real economic backing behind it. From storage fuel to governance core, WAL’s value pathway is actually quite clear.