@Walrus 🦭/acc Rather than centering economics on transactions, Walrus positions data itself as the core value unit. By using erasure coding, the network minimizes redundancy overhead while still preserving fault tolerance, making the system structurally more efficient than models built on full data replication. Within this framework, WAL derives its purpose from securing the storage layer and establishing pricing for data availability on Walrus Protocol.
A key implication of this design is user concentration risk. If storage demand becomes dominated by a small number of large consumers, token dynamics may increasingly reflect enterprise usage patterns. That shift could compress retail liquidity and make valuation more sensitive to discrete adoption cycles rather than broad speculative participation.