What gives $WAL its inherent value? It's a combination of utility and staking mechanics. Within the @walrusprotocol ecosystem, the token likely serves multiple functions: paying for transaction fees (with potential discounts), securing the network through staking, and governing the protocol. The staking APY isn't just a giveaway; it's an incentive to align holders with the network's long-term health. By staking, you reduce circulating supply and contribute to security, earning rewards from protocol fees in return. This creates a flywheel more usage drives more fees, which drives higher staking rewards, which incentivizes more staking and reduces sell pressure. It's a classic tokenomic model, but its success depends entirely on one thing: real-world usage of the @Walrus 🦭/acc bridge. The economics are elegant, but they hinge on adoption.
