I recently read some materials on long-term protocols and unexpectedly discovered the Walrus project.

To be honest, what initially attracted me wasn't its narrative hype, but rather its "somewhat slow" working style—it's clear that the team cares more about the security and transparency of the mechanism rather than rushing to boost data growth and hype. This kind of contrast is actually quite rare.

There's a point I particularly agree with: the WAL token isn't just a tool for short-term liquidity services, but is deeply tied to governance rights and ecosystem participation. These details show that the team is focused on designing a long-term structure rather than just making big promises.

Looking at liquidity, Walrus's attitude is also very restrained—no flashy yields to attract quick-in, quick-out funds. In an era where project teams are generally aggressively attracting liquidity, this seems especially rational.

As the discussion heats up, I continue to follow its actual progress. Projects like this, which are grounded and solid, are often worth watching for a longer time.