Recently, I have been paying attention to projects with well-designed token models, and Walrus Protocol's native token WAL is indeed interesting. Investor allocation accounts for only 7%, while 10% is reserved for airdrops. Based on a $2 billion valuation, this airdrop is worth over $200 million—something quite rare in the crypto space.

The token's economic design is also thoughtful. WAL adopts a deflationary mechanism, where each data transaction destroys a portion of tokens. The greater the storage demand, the more tokens are burned, naturally reducing supply. From an earnings perspective, node staking can yield an annualized return of 18%-25%, but ordinary users are not required to run nodes; they can choose delegated staking to participate in dividends.

The platform also features diversified functionalities. WAL can be used to participate in storage governance voting, influencing core parameters; it is also a settlement token, used directly by users to pay storage fees. This multi-purpose utility enhances the actual demand for the token from a certain perspective.

Currently, WAL has been listed on major spot exchanges, ensuring liquidity. The economic model ties all participants in the ecosystem—investors, node operators, and ordinary users—together. This win-win logic is worth paying attention to in the long term.