There are two schools of thought in the data track. Walrus represents the modular realism faction, Irys represents the vertical integration idealism faction. Walrus has already gone live and is running on Sui. It has proven that decentralized storage can be pieced together in a modular way: using Sui for settlement and incentives, and its own node network for storage. The biggest advantage of this architecture is its quick implementation and strong ecological support, which is why we can see Walrus being quickly adopted in the fields of NFT, gaming, and AI model storage. The deflationary mechanism of WAL and the dollar-denominated storage prices also make it more predictable in terms of economic models, making it a very practical path! Irys, on the other hand, is another extreme. It does not want to piece together building blocks but rather to create a complete system on its own. From the consensus layer, virtual machine to data ledger, fully self-developed, integrating storage, computation, and incentives all onto one chain. This means that data can not only be stored but also utilized. Smart contracts can directly read and write data, execute logic, and call files, just like you would operate in a local database. Architecturally, this is a design that is closer to the foundational layer of data intelligence. However, it has not yet had its TGE and is still in the cold start phase. The real value will only be seen by the market once miners go online and the data volume increases. So in the short term, Walrus is a proven reality: it has revenue, traffic, and a deflationary token economy. In the medium to long term, Irys has a story with greater potential! If it can successfully integrate data and execution, it will represent a paradigm shift for the entire data chain track. ▰▰▰▰▰▰ Summary Walrus has already proven that decentralized storage is usable; Irys may prove that decentralized data is usable. One is the stability of the present, and the other is the direction of the future! I am optimistic about both projects, and in the future, the advantages of these two projects will only become more apparent!