Recently, Walrus's performance has attracted a lot of attention. The core reasons why this project has captured market interest can be summarized into three points: continuous recognition from institutions, the urgent demand for data storage in the AI era, and traditional finance beginning to embrace decentralized solutions.

The wave of AI data is becoming the main growth driver for Walrus. Collaborations with protocols like Bittensor enable Walrus to support the storage of distributed training datasets, which means it can directly benefit from the massive demand for data storage in the AI ecosystem. Considering the current scale of AI datasets and the stringent requirements for efficient storage and retrieval, Walrus's technical capabilities in this area truly hit the pain points.

The entry of traditional finance is an even more noteworthy signal. Morgan Stanley has already tested a KYC document storage solution on the test chain, indicating that Wall Street's attitude towards decentralized storage is shifting. If this trend continues, the market space it could bring is quite substantial.

From market reactions, the backing power of institutions should not be underestimated. Grayscale has listed Walrus as "the core of the Sui data layer," and subsequently, the market capitalization of WAL increased by 40% in a single day, demonstrating the influence of institutional voice on investor decisions. The official launch of the mainnet and support from exchanges for listing have gradually turned this project from concept to reality, which is also why recent discussions have noticeably increased.