Shi Jing ping

18 يناير 2026 - أخيرًا تم طرد شبح 2025 'البطيء'. بينما يستمر سوق الكريبتو في الأسبوع الثالث من العام الجديد، الأجواء مشحونة. بعد فترة من الحركة الجانبية وتنظيف قاسٍ للقطاع بقيمة 1.2 تريليون دولار نحو نهاية العام السابق، سوق الأصول الرقمية تم استرداده بالكامل وبقوة، بفضل وجود 'بدلات' والاتجاهات الكلية المفضلة حاليًا.
الحدث الرئيسي: بيتكوين تتطلع إلى الستة أرقام
بيتكوين (BTC) هو مركز الجذب الحالي، يطفو بالقرب من مستوى 98,000 دولار. من المثير للاهتمام، أنه للمرة الأولى في الأشهر الثلاثة الماضية، شكل 'ملك الكريبتو' نمط 'ارتفاع أعلى' أقوى، مما يؤكد نهاية المرحلة الهبوطية وبداية الاتجاه الصعودي.

في هذا العالم من العملات المشفرة، حيث غالبًا ما يتم طمس الابتكار بدورات الضجيج، تقوم مشاريع مثل بلازما (XPL) ببناء البنية التحتية الأساسية لما قد يكون الجيل التالي في التمويل الرقمي. بينما يتحدث معظم الناس عن الأصول المضاربة، تعمل بلازما على بناء "سكك الدفع العالمية": شبكة قوية وفعالة، والأهم من ذلك، شبكة بدون رسوم تهدف إلى تسهيل معاملات العملات المستقرة لدمج الفائدة الواقعية. إذا كانت العملات المستقرة تمثل بالفعل مستقبل المال الرقمي، فإن التكنولوجيا التي ستسمح بالحركة السلسة لها هي المفتاح حقًا، وتضع بلازما نفسها كقائد في هذا المجال الحرج.

​في أوائل عام 2026: تصل التوترات المتصاعدة بين الولايات المتحدة الأمريكية وحكومة إيران إلى نقطة حرجة، مما يتسبب في موجات صادمة في الأسواق المالية العالمية. بالنسبة لأسواق العملات المشفرة، لم يعد هذا الوضع مجرد "متلازمة البجعة السوداء" الافتراضية. بدلاً من ذلك، فإنه يمثل "اختبار ضغط" في الوقت الحقيقي للعملات المشفرة، سواء كانت أدوات مضاربة أو ملاذ آمن.
في التحليل التالي، يتم فحص الطبيعة المزدوجة لاستجابة سوق العملات المشفرة للأزمة المتزايدة بين الولايات المتحدة وإيران.

One reason why Walrus is so significant is that cryptocurrency continues to create more records of information than current Blockchains are capable of handling, so we need a repository or storage solution that allows us to safely store all this information for the traders. Traders look at the storage portion of the technology as an "Infrastructure Play; however, Walrus is more than just a generic Storage Network. It is a platform developed to handle large sets of information, including files, multimedia, AI datasets, and even Application State. Walrus is also designed to allow the aforementioned types of data to become verified, priced, and consumed/utilized within OnChain Applications instead of simply storing the data "somewhere" or losing it forever. The choices we made when designing Walrus may seem to be more technical in focus; however, they have a major impact on how far our overall Ecosystem will be able to grow without forcing every single Blockchain to become a very costly hard drive.
Initially, Walrus was a project developed by Mysten Labs, with the team being closely associated with the early development of Sui. Now, however, they are operating independently from Mysten Labs and have developed a new token, WAL, and have established their own foundation. This independence is important because traders often do not realize how much of a difference it makes for these incentives. When a network becomes an entity in and of itself, it has the ability to attract those who want to be involved as the network expands. In addition to node operators and builders, companies who want to have a storage layer that is not controlled by one company's development plan will have the opportunity and incentive to develop relationships with the Walrus Network. The Walrus Network has clearly defined plans within their white paper regarding the delegation of proof-of-stake and that WAL will be the main currency used for governance and operating the Walrus Network through its storage nodes.
To better understand what Walrus does differently than the original version, we can look at Walrus as an alternative approach to the frequent practice of replication (i.e. creating multiple identical copies of a file on separate servers). Traditional decentralized storage (including BlockChain) relies heavily on the practice of creating duplicate copies to provide fault tolerance, however, replication has both the benefit of being simple to do but it can also incur a lot of costs to store.
Erasure coding is a method that Walrus is using that was designed specifically for larger blobs (or larger files) so that Walrus can take one large file and "erase" middle sections of it and store it on 9 or 10 nodes, and still be able to recover it even if 1 or 2 of those nodes go down.
In the whitepaper, one of the proposals is aimed at maximizing storage resiliency while minimizing storage overhead (as compared to replication). The cost of storage economics is the main reason why the most successful storage networks are able to achieve widespread use versus just remaining niche.
For investors and traders alike, the main emphasis will be on the fact that “Will the demand for the Token be driven by the technology?” and “Does the Technology create a utility for the Token in actual use?” The WAL Token (WAL) has been created to provide an economic benefit to the Protocol in that WAL is being used not only by users for storage payments but also by stakeholders for incentivization to operate the storage nodes, stake and contribute to governance of the Network. According to the Protocol's own Token Utility page, WAL will also serve as an incentive to users and represent the true economic value of the Protocol. In layman's terms, if Walrus gains traction as a true-use Platform, WAL will be incorporated into the Flow of Value: Users will PAY to store and retrieve, Node Operators will receive REWARDS, and STAKERS will help to maintain and secure the Network from attack. The key "long-term" opportunity is that Walrus will not merely be about launching a Token but rather building a sustainable Market for Data Storage and Data Retrieval.
The Walrus has become very popular with traders, in part because of the timing and because Walrus provides a necessary real-world solution to the exploding amounts of data from AI, media, applications, and on-chain that want to create better user experiences. Walrus defines itself as a place where "data can be both trustworthy, useful, and able to be governed," thereby projecting confidence in the way future apps will treat the ownership and ability to verify data, not just as an afterthought. Additionally, the Sui platform is also suitable for the Walrus because it offers high-throughput and low-latency solutions for storing data that can create a more cost-effective and efficient network of data storage at a larger scale.
The Mainnet is important for other reasons too; it represents when the theoretical market ends. Walrus' Public Mainnet Launch was announced March 27, 2025, with an emphasis on "Programmable Storage" (the ability to interact directly with Stored Data rather than just a dump location). The next test for an Infrastructure Token is on its treatment after mainnet launch; how did it continue growing with activity? Did your developers actually build out long-term utility/use for the Token? Walrus also cited testnet wipes occurring at various intervals as normal and healthy events for rapidly evolving infrastructure projects. The conclusion for developers who want to find stability should build off of mainnet.
Walrus has caught the eye of investors by completing a major token sale for over $140 million, sending out press releases for its token sale ahead of mainnet launch indicating it has attracted a number of serious investors, which would signal ample resources to develop its ecosystem. At the same time, there have also been a number of questions surrounding the typical pressures placed on investors regarding when their tokens will be available and the manner in which those tokens will be distributed. Serious traders should not concentrate solely on the "headline" of this token sale but also keep close tabs on the "schedules" associated with token unlocks, as well as the potential emissions associated with each time period. As with many storage networks, rewards attract more nodes than actually needed - as such, there is a continual influx of new nodes, but unlock-related selling will cap the token's performance until organic demand is sufficient to support further growth.
Walrus is important because the crypto industry generates more data than all blockchains combined can handle, so data must therefore exist in a "trustworthy" place. Many traders view storage solutions as infrastructure play, but Walrus is not just another generic storage solution. It was built as a solution to manage large amounts of data - not just a "generic" data storage network; it specifically addresses file/media/AI-related data and application states and allows developers to utilize that data as verified and priced components of their on-chain applications rather than as something that is simply parked in one place and then ignored. Although it may sound like a technical design decision, this unique development will create many opportunities for larger ecosystems to grow and develop without all blockchains having to become incredibly expensive hard drives.
Mysten Labs introduced Walrus as a project, which was then developed further into a geographically-diverse, independent decentralized network with its own token, WAL, and its foundation. This matters, as traders tend to assume that the level of "independence" of the network will play a major role in influencing incentives. Once a network has become independent and has its own identity, it will be much more attractive to Node Operators, Builders, and Partners who desire a storage layer that is not reliant on one company's designated strategy. The official white paper has announced.
I have a pretty simple view on the Walrus project: it will seem pretty boring day to day until someone understands how to leverage Walrus' win in building infrastructure for the future.
Think of the Storage primitive, while it is not particularly glamorous today, if eventually accepted as the standard default primitive by all building projects, Walrus will very quickly become a fundamental requirement of its ecosystem.
In my opinion future success of Walrus will depend on whether Walrus achieves "normal" status for the future and building infrastructures of its ecosystem and whether the design of Walrus' tokens stays harmonized with and reflects the value of actual usage, versus creating short-term economic incentives for large amounts of buyers.
If Walrus achieves its goals, it will not happen because of storytelling, it will happen when Walrus serves as the anchor for future developments of infrastructure and when the users on Walrus continue paying for storage without a second thought.
When these conditions are met, that is when the gravity of infrastructure will truly deliver what developers and users desire.
@Walrus 🦭/acc #walrus $WAL

فهمني لأهمية "الوحش" لم يأتِ من خلال محادثة حول سعره أو مناقشة طويلة حول السوق، بل نشأ من تحدي بسيط لكنه شائع يواجهه أي شخص يبني تطبيق ذكاء اصطناعي أو يُنشئ NFT خاصًا به: كيف يمكنك حماية البيانات (الملفات/الصور، إلخ) في حال انتقال السيطرة عليها فجأة، ولا يُسمح لك بالوصول إلى ملفاتك بعد الآن؟ وعلى الرغم من بساطة السؤال، فإن وولارس يستخدم بالفعل في مجالات الذكاء الاصطناعي وNFT لهذا السبب بالذات. وولارس هو طريقة لتخزين الملفات الكبيرة غير المنظمة (مثل الصوتيات، الفيديوهات، ملفات PDF، الصور، إلخ) بشكل لامركزي، ويستخدم سوي كطبقة تنسيق تُستخدم لإدارة كيفية عمل شبكة التخزين الخاصة به. ويهدف المشروع إلى توفير وصول موثوق، وقيّم، وقابل للتنظيم إلى البيانات في العالم، بدلًا من مجرد استضافة البيانات في مكان ما.