The storage industry has an old problem—miners frantically sell off coins causing prices to crash, which in turn accelerates node abandonment, ultimately falling into a death spiral. The Walrus team has clearly learned from the blood and tears of their predecessors and developed a mechanism called the "Storage Fund," which feels somewhat different.

The core idea is simple yet clever: the WAL tokens paid by users are not all distributed directly to nodes, but are locked into an independent fund pool. This pool releases rewards linearly over time. It sounds ordinary, but its effects are significant—first, it helps stabilize large price fluctuations, preventing initial capital from causing runaway inflation; second, for long-term stability, even if a bear market arrives, the fund pool continues to provide nodes with steady cash flow, preventing starvation.

What makes this model powerful is that it is based on "real revenue." The value of WAL is not maintained by unlimited printing of money but comes from genuine storage demand. In other words, as the mainnet launches and data volume surges, WAL will actually exhibit deflationary characteristics. For investors who focus on fundamentals and cash flow, this feels more like a healthy infrastructure asset.