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Market Fluctuations: Why Many People "Take Big Hits, Lose Little Profit," and How to Break Free from That Cycle.Dear friends, with BTC constantly fluctuating around the $80,000-$90,000 range, many small investors are falling into a familiar situation: buying gets them stuck, selling sees the price rise again. It feels like the market is always "one step ahead," while they are just fuel for others to make money. Meanwhile, many disciplined traders consistently take profits within this very sideways range. The issue isn't about luck, but about how you view the market and how you act.

Market Fluctuations: Why Many People "Take Big Hits, Lose Little Profit," and How to Break Free from That Cycle.

Dear friends, with BTC constantly fluctuating around the $80,000-$90,000 range, many small investors are falling into a familiar situation: buying gets them stuck, selling sees the price rise again. It feels like the market is always "one step ahead," while they are just fuel for others to make money.
Meanwhile, many disciplined traders consistently take profits within this very sideways range. The issue isn't about luck, but about how you view the market and how you act.
Fed's Interest Rate Decision This Week: What Is Awaiting Bitcoin and the USD?The Federal Reserve (Fed) is preparing to announce its interest rate decision this week, and almost the entire market believes that there will be no cuts. However, the real focus is not on the decision itself, but on what Chairman Jerome Powell will say after the meeting. The guidance message for the coming months could create significant volatility in both traditional markets and the cryptocurrency market.

Fed's Interest Rate Decision This Week: What Is Awaiting Bitcoin and the USD?

The Federal Reserve (Fed) is preparing to announce its interest rate decision this week, and almost the entire market believes that there will be no cuts. However, the real focus is not on the decision itself, but on what Chairman Jerome Powell will say after the meeting. The guidance message for the coming months could create significant volatility in both traditional markets and the cryptocurrency market.
76% Chance of U.S. Government Shutdown: Investors Rush for Shelter, Bitcoin Faces TurmoilIn the context of the increasing risk of a U.S. government shutdown, investors are flocking to safe assets amid rising instability. The Fear and Greed Index in the cryptocurrency sector currently shows an "Extreme Fear" level. Market sentiment has recovered to neutral just under a week ago. The Fear and Greed Index in Cryptocurrency. Source: Alternative

76% Chance of U.S. Government Shutdown: Investors Rush for Shelter, Bitcoin Faces Turmoil

In the context of the increasing risk of a U.S. government shutdown, investors are flocking to safe assets amid rising instability. The Fear and Greed Index in the cryptocurrency sector currently shows an "Extreme Fear" level. Market sentiment has recovered to neutral just under a week ago.

The Fear and Greed Index in Cryptocurrency. Source: Alternative
Why Do 80% of Crypto Traders Fail? The Answer Lies in Not Accepting MistakesIn the 24/7 crypto market, what drives many people away from the game is not a long red candle, but the moment they realize they are wrong yet stubbornly refuse to exit their position. I have seen many traders blame 'whales manipulating', 'unexpected news', or 'the market being too dirty' after they blow their accounts. But the harsh truth is: the market only operates based on supply and demand. It is this stubbornness, the unwillingness to cut losses at the right time, that directly causes the account to drop to zero.

Why Do 80% of Crypto Traders Fail? The Answer Lies in Not Accepting Mistakes

In the 24/7 crypto market, what drives many people away from the game is not a long red candle, but the moment they realize they are wrong yet stubbornly refuse to exit their position.
I have seen many traders blame 'whales manipulating', 'unexpected news', or 'the market being too dirty' after they blow their accounts.
But the harsh truth is: the market only operates based on supply and demand. It is this stubbornness, the unwillingness to cut losses at the right time, that directly causes the account to drop to zero.
Alphabet and Amazon Grow 20% Amid AI Skepticism, Big Seven Shakes Wall StreetAlphabet and Amazon continue to thrive despite a decline in technology market share, maintaining a growth rate of 20% as skepticism regarding investments in artificial intelligence affects the performance of the technology sector since the end of 2025. The upcoming earnings report from major technology companies will provide insights into the health of the industry amid concerns about investment in artificial intelligence, affecting the traditional stock market without directly impacting the cryptocurrency market.

Alphabet and Amazon Grow 20% Amid AI Skepticism, Big Seven Shakes Wall Street

Alphabet and Amazon continue to thrive despite a decline in technology market share, maintaining a growth rate of 20% as skepticism regarding investments in artificial intelligence affects the performance of the technology sector since the end of 2025.
The upcoming earnings report from major technology companies will provide insights into the health of the industry amid concerns about investment in artificial intelligence, affecting the traditional stock market without directly impacting the cryptocurrency market.
HOT MOMENTS: Bitcoin Is Falling - But Why? Here Is What We KnowBitcoin has dropped sharply today, and with previous price drops, it is expected to end the week down about 9%. The main reason for the decline is believed to be the fact that another government shutdown in the U.S. is almost certain to happen at the end of this month. In addition, U.S. President Donald Trump's statement about imposing heavy tariffs on Canada if the country signs a trade agreement with China is also one of the factors putting pressure on Bitcoin prices.

HOT MOMENTS: Bitcoin Is Falling - But Why? Here Is What We Know

Bitcoin has dropped sharply today, and with previous price drops, it is expected to end the week down about 9%.
The main reason for the decline is believed to be the fact that another government shutdown in the U.S. is almost certain to happen at the end of this month.
In addition, U.S. President Donald Trump's statement about imposing heavy tariffs on Canada if the country signs a trade agreement with China is also one of the factors putting pressure on Bitcoin prices.
Next week is forecasted to be very volatile as many important factors come into play. Gold and silver are at major psychological levels of 5,000 USD and 100 USD. If rejected, prices could adjust sharply; if successfully broken, the upward trend could be reinforced. In addition, new developments related to tariff negotiations and the Trump–Greenland situation are increasing geopolitical instability. The biggest focal point remains the Fed's interest rate decision on Wednesday. Any signals about monetary policy could cause a strong market reaction. A week full of volatility awaits ahead.
Next week is forecasted to be very volatile as many important factors come into play.
Gold and silver are at major psychological levels of 5,000 USD and 100 USD. If rejected, prices could adjust sharply; if successfully broken, the upward trend could be reinforced.
In addition, new developments related to tariff negotiations and the Trump–Greenland situation are increasing geopolitical instability.
The biggest focal point remains the Fed's interest rate decision on Wednesday. Any signals about monetary policy could cause a strong market reaction.
A week full of volatility awaits ahead.
The Secret to Turning the Tables with Small Capital in the Cryptocurrency Market: The Simpler, the More EffectiveIn the cryptocurrency market, many people start with a few thousand to several tens of thousands of USDT and carry a familiar dream: to hit a 'hundred times' deal to change their life overnight. But the harsh reality is that most small accounts 'disappear' because of that very thought. The truth is: with a small capital, the most important thing is not to earn quickly, but to survive long enough. And to survive, you don't need a complicated strategy. On the contrary, the simpler the method, the more disciplined it is, the easier it is to sustainably grow capital.

The Secret to Turning the Tables with Small Capital in the Cryptocurrency Market: The Simpler, the More Effective

In the cryptocurrency market, many people start with a few thousand to several tens of thousands of USDT and carry a familiar dream: to hit a 'hundred times' deal to change their life overnight. But the harsh reality is that most small accounts 'disappear' because of that very thought.
The truth is: with a small capital, the most important thing is not to earn quickly, but to survive long enough. And to survive, you don't need a complicated strategy. On the contrary, the simpler the method, the more disciplined it is, the easier it is to sustainably grow capital.
WAL Staking: The Foundation that Keeps the Walrus Network Operating Smoothly WAL staking is not merely a supplementary feature, but a core mechanism that helps the network @WalrusProtocol operate safely and sustainably. By holding WAL tokens, users can lock their tokens into the protocol to support validators and service providers maintaining the system. Validators need to stake $WAL to validate transactions and ensure the network runs smoothly. If you do not want to operate complex technical infrastructure yourself, you can delegate (delegate) WAL to a reputable validator and still receive rewards. Staking rewards come from the issuance source of the protocol and transaction fees on the network. However, the system not only cares about the amount of tokens staked, but also emphasizes stability and long-term responsibility. The “unbond” time mechanism when withdrawing tokens helps limit short-term inflows and outflows, contributing to the overall stability of the network. More importantly, WAL staking protects the system through an “economic stake” mechanism rather than consuming energy. It reduces short-term speculation, increases commitment, and grants stakers the right to participate in the future of the network. Rewards are a benefit, but the greater value lies in the fact that you directly contribute to the safety and sustainable development of #Walrus .
WAL Staking: The Foundation that Keeps the Walrus Network Operating Smoothly
WAL staking is not merely a supplementary feature, but a core mechanism that helps the network @Walrus 🦭/acc operate safely and sustainably. By holding WAL tokens, users can lock their tokens into the protocol to support validators and service providers maintaining the system.
Validators need to stake $WAL to validate transactions and ensure the network runs smoothly. If you do not want to operate complex technical infrastructure yourself, you can delegate (delegate) WAL to a reputable validator and still receive rewards.
Staking rewards come from the issuance source of the protocol and transaction fees on the network. However, the system not only cares about the amount of tokens staked, but also emphasizes stability and long-term responsibility. The “unbond” time mechanism when withdrawing tokens helps limit short-term inflows and outflows, contributing to the overall stability of the network.
More importantly, WAL staking protects the system through an “economic stake” mechanism rather than consuming energy. It reduces short-term speculation, increases commitment, and grants stakers the right to participate in the future of the network. Rewards are a benefit, but the greater value lies in the fact that you directly contribute to the safety and sustainable development of #Walrus .
CZ Emphasizes Long-Term Holding Strategy: 'Buy And Hold' Remains the Most Sustainable Path in Crypto?Binance founder – Changpeng Zhao – has once again affirmed his familiar viewpoint: holding crypto long-term is often more effective than most short-term trading strategies. His statement quickly spread across forums and social media, especially in the context of the market entering a new phase of high expectations. CZ: Most Trading Strategies Cannot Beat 'Buy And Hold'

CZ Emphasizes Long-Term Holding Strategy: 'Buy And Hold' Remains the Most Sustainable Path in Crypto?

Binance founder – Changpeng Zhao – has once again affirmed his familiar viewpoint: holding crypto long-term is often more effective than most short-term trading strategies. His statement quickly spread across forums and social media, especially in the context of the market entering a new phase of high expectations.
CZ: Most Trading Strategies Cannot Beat 'Buy And Hold'
Walrus Network Accelerates Thanks to Layer-2 Integration Walrus Network is gradually strengthening its position in the field of decentralized data infrastructure by integrating Layer-2 solutions to enhance scalability and optimize costs. In the context of blockchain being increasingly widely applied, the pressure to process large volumes of data while ensuring reliability is no small challenge. Combining with Layer-2 helps Walrus significantly reduce storage and data verification costs while still maintaining strong cryptographic guarantees. Instead of executing all transactions directly on the main platform layer, @WalrusProtocol leverages Layer-2 to bundle and optimize operations. This approach helps reduce transaction fees, speed up confirmation times, and alleviate network congestion. As a result, developers can build feature-rich applications without worrying that data costs will become a barrier. Alongside performance, #Walrus still prioritizes security and data integrity. Cryptographic proof mechanisms ensure that data processed through Layer-2 can still be verified and is resistant to tampering. This is particularly suitable for use cases such as storing NFT metadata, gaming assets, business records, and long-term digital storage. The combination of a decentralized storage vision and the power of Layer-2 is helping Walrus move closer to its goal of promoting widely adopted Web3, providing a more efficient, cost-effective, and secure data ecosystem for the future. $WAL {spot}(WALUSDT)
Walrus Network Accelerates Thanks to Layer-2 Integration
Walrus Network is gradually strengthening its position in the field of decentralized data infrastructure by integrating Layer-2 solutions to enhance scalability and optimize costs. In the context of blockchain being increasingly widely applied, the pressure to process large volumes of data while ensuring reliability is no small challenge. Combining with Layer-2 helps Walrus significantly reduce storage and data verification costs while still maintaining strong cryptographic guarantees.
Instead of executing all transactions directly on the main platform layer, @Walrus 🦭/acc leverages Layer-2 to bundle and optimize operations. This approach helps reduce transaction fees, speed up confirmation times, and alleviate network congestion. As a result, developers can build feature-rich applications without worrying that data costs will become a barrier.
Alongside performance, #Walrus still prioritizes security and data integrity. Cryptographic proof mechanisms ensure that data processed through Layer-2 can still be verified and is resistant to tampering. This is particularly suitable for use cases such as storing NFT metadata, gaming assets, business records, and long-term digital storage.
The combination of a decentralized storage vision and the power of Layer-2 is helping Walrus move closer to its goal of promoting widely adopted Web3, providing a more efficient, cost-effective, and secure data ecosystem for the future. $WAL
Ethereum Decreases Open Interest Across the Market, But Binance Still Maintains StrengthDuring most of the past week, the price of Ethereum has remained almost flat in the range of $2,880 – $3,000, showing no significant volatility. When the market falls into such a state of hesitation, the biggest question that arises is: what is the derivative cash flow doing? A recent on-chain analysis from CryptoQuant has provided a fairly clear view of the current situation. Total Market Open Interest Decreases to $16.9 Billion

Ethereum Decreases Open Interest Across the Market, But Binance Still Maintains Strength

During most of the past week, the price of Ethereum has remained almost flat in the range of $2,880 – $3,000, showing no significant volatility. When the market falls into such a state of hesitation, the biggest question that arises is: what is the derivative cash flow doing? A recent on-chain analysis from CryptoQuant has provided a fairly clear view of the current situation.
Total Market Open Interest Decreases to $16.9 Billion
Walrus Protocol: How Content-Addressed Storage is Redefining Permanence in the WorldIn Web3, we talk a lot about decentralization, transparency, and immutability. But there is a fundamental factor that is often overlooked: where the data is stored and how long it exists. Without a system that ensures the data remains sustainable over time, every blockchain above is just a shell lacking a foundation. @WalrusProtocol was created to address that very issue. And the focus of their design is a mechanism that seems familiar yet is incredibly important: Content-Addressed Storage (CAS) – Storage by content address.

Walrus Protocol: How Content-Addressed Storage is Redefining Permanence in the World

In Web3, we talk a lot about decentralization, transparency, and immutability. But there is a fundamental factor that is often overlooked: where the data is stored and how long it exists. Without a system that ensures the data remains sustainable over time, every blockchain above is just a shell lacking a foundation.
@Walrus 🦭/acc was created to address that very issue. And the focus of their design is a mechanism that seems familiar yet is incredibly important: Content-Addressed Storage (CAS) – Storage by content address.
Has the 4-Year Bitcoin Cycle Died? The 2026 Market Influenced by Politics and Precious MetalsGeorge Tung, a prominent figure in the cryptocurrency world, stated that the familiar four-year cycle of Bitcoin has been broken and the market is no longer driven by charts, but by geopolitical events and macroeconomic decisions. As the cryptocurrency market enters the year 2026, investors are caught between familiar expectations of "exponential growth" and the reality of "macroeconomic chaos." Renowned analyst George Tung, in a recent broadcast, made notable comments about the future of Bitcoin, indicating that the market has now entered a completely different phase.

Has the 4-Year Bitcoin Cycle Died? The 2026 Market Influenced by Politics and Precious Metals

George Tung, a prominent figure in the cryptocurrency world, stated that the familiar four-year cycle of Bitcoin has been broken and the market is no longer driven by charts, but by geopolitical events and macroeconomic decisions.
As the cryptocurrency market enters the year 2026, investors are caught between familiar expectations of "exponential growth" and the reality of "macroeconomic chaos." Renowned analyst George Tung, in a recent broadcast, made notable comments about the future of Bitcoin, indicating that the market has now entered a completely different phase.
Walrus Protocol: The Future of Permanent Storage in the Data Explosion EraIn today's digital world, data has become an important asset just as much as capital or technology. From blockchain transactions, application data, social media content to AI models, the amount of information generated each day is increasing exponentially. However, traditional storage infrastructure is increasingly revealing many limitations: high costs, dependence on centralized servers, risk of data loss, and vulnerability to censorship.

Walrus Protocol: The Future of Permanent Storage in the Data Explosion Era

In today's digital world, data has become an important asset just as much as capital or technology. From blockchain transactions, application data, social media content to AI models, the amount of information generated each day is increasing exponentially. However, traditional storage infrastructure is increasingly revealing many limitations: high costs, dependence on centralized servers, risk of data loss, and vulnerability to censorship.
Exposing the 'Shark' Tactics in Crypto: How to Distinguish Between Liquidation and Distribution at the PeakThe crypto market is not just a game of charts and indicators, but a psychological battle between large capital and retail investors. Those who understand how big money operates will survive longer. Those who only look at price increases and decreases without understanding the essence will sooner or later become liquidity for others. After many years of observing the market, what I have concluded is that most investors do not lose due to a lack of technical knowledge, but they lose because they do not understand the 'intent behind' price fluctuations.

Exposing the 'Shark' Tactics in Crypto: How to Distinguish Between Liquidation and Distribution at the Peak

The crypto market is not just a game of charts and indicators, but a psychological battle between large capital and retail investors. Those who understand how big money operates will survive longer. Those who only look at price increases and decreases without understanding the essence will sooner or later become liquidity for others.
After many years of observing the market, what I have concluded is that most investors do not lose due to a lack of technical knowledge, but they lose because they do not understand the 'intent behind' price fluctuations.
10 Altcoins Witnessing Explosive Trading Volume in South Korea: XRP Not in Top 5Upbit and Bithumb, the two cryptocurrency exchanges with the highest trading volume in South Korea, have seen a significant spike in altcoin trading volume over the past 24 hours. When considering the exchange rate data of the South Korean won from both exchanges, strong domestic demand stands out, particularly focused on several mid-sized and new projects. Although tokens like ENSO, NOM, and SOMI have generated trading volumes of hundreds of millions of dollars on Upbit, Bithumb's data shows that this trend is not limited to a single exchange.

10 Altcoins Witnessing Explosive Trading Volume in South Korea: XRP Not in Top 5

Upbit and Bithumb, the two cryptocurrency exchanges with the highest trading volume in South Korea, have seen a significant spike in altcoin trading volume over the past 24 hours.
When considering the exchange rate data of the South Korean won from both exchanges, strong domestic demand stands out, particularly focused on several mid-sized and new projects.
Although tokens like ENSO, NOM, and SOMI have generated trading volumes of hundreds of millions of dollars on Upbit, Bithumb's data shows that this trend is not limited to a single exchange.
Walrus: A Multi-Solution Platform for the Digital Age @WalrusProtocol is gradually affirming its position as a versatile platform, providing comprehensive solutions for both individuals and businesses. The strength of #Walrus lies in its ability to adapt flexibly to various needs while ensuring stability and high performance. This platform integrates many tools from communication, work, entertainment to data management within a single ecosystem. Thanks to this, users can utilize multiple functions without switching between different applications, saving time and optimizing work efficiency. Not only diverse, Walrus also emphasizes reliability. The infrastructure is systematically invested with regular updates ensuring the system operates smoothly, even when processing large volumes of data or supporting real-time collaboration. In addition, the platform allows for flexible customization according to individual or organizational needs, from interface to workflow processes. Continuous innovation and a spirit of listening to the community help Walrus keep up with technology trends and enhance user experience. With a combination of multifunctionality, efficiency, and community connectivity, Walrus is becoming a reliable choice in the increasingly strong context of digital transformation. $WAL
Walrus: A Multi-Solution Platform for the Digital Age
@Walrus 🦭/acc is gradually affirming its position as a versatile platform, providing comprehensive solutions for both individuals and businesses. The strength of #Walrus lies in its ability to adapt flexibly to various needs while ensuring stability and high performance.
This platform integrates many tools from communication, work, entertainment to data management within a single ecosystem. Thanks to this, users can utilize multiple functions without switching between different applications, saving time and optimizing work efficiency.
Not only diverse, Walrus also emphasizes reliability. The infrastructure is systematically invested with regular updates ensuring the system operates smoothly, even when processing large volumes of data or supporting real-time collaboration.
In addition, the platform allows for flexible customization according to individual or organizational needs, from interface to workflow processes. Continuous innovation and a spirit of listening to the community help Walrus keep up with technology trends and enhance user experience.
With a combination of multifunctionality, efficiency, and community connectivity, Walrus is becoming a reliable choice in the increasingly strong context of digital transformation. $WAL
Walrus – Bridge Between Blockchain And Real-World Businesses @WalrusProtocol is not just a pure technology experiment or a network solely for programmers. The project is designed to directly serve the private sector, with a practical, scalable approach that meets the operational needs of businesses. Instead of chasing trends, #Walrus focuses on solving core issues such as secure data storage, internal information sharing, supply chain coordination, and building backend infrastructure for applications. Businesses can leverage Walrus to reduce dependence on centralized providers while still maintaining control over sensitive data. One of Walrus's strengths is its flexible integration capabilities. Companies do not need to overhaul their entire existing systems to adopt new technology. This helps lower deployment barriers and supports a faster decision-making process. The network is designed to scale according to growth needs. As data and user numbers increase, Walrus maintains stable performance without creating significant operational bottlenecks. More importantly, Walrus encourages collaboration between developers, infrastructure providers, and end-user businesses. Feedback from real business scenarios will help guide system upgrades, ensuring the protocol remains closely aligned with market needs. With a long-term vision, cost optimization, and sustainability in mind, Walrus is becoming a bridge between blockchain innovation and everyday business operations. This is not just a new technology, but an infrastructure platform that can accompany the long-term development of businesses. $WAL
Walrus – Bridge Between Blockchain And Real-World Businesses
@Walrus 🦭/acc is not just a pure technology experiment or a network solely for programmers. The project is designed to directly serve the private sector, with a practical, scalable approach that meets the operational needs of businesses.
Instead of chasing trends, #Walrus focuses on solving core issues such as secure data storage, internal information sharing, supply chain coordination, and building backend infrastructure for applications. Businesses can leverage Walrus to reduce dependence on centralized providers while still maintaining control over sensitive data.
One of Walrus's strengths is its flexible integration capabilities. Companies do not need to overhaul their entire existing systems to adopt new technology. This helps lower deployment barriers and supports a faster decision-making process.
The network is designed to scale according to growth needs. As data and user numbers increase, Walrus maintains stable performance without creating significant operational bottlenecks.
More importantly, Walrus encourages collaboration between developers, infrastructure providers, and end-user businesses. Feedback from real business scenarios will help guide system upgrades, ensuring the protocol remains closely aligned with market needs.
With a long-term vision, cost optimization, and sustainability in mind, Walrus is becoming a bridge between blockchain innovation and everyday business operations. This is not just a new technology, but an infrastructure platform that can accompany the long-term development of businesses. $WAL
Walrus Network: Smooth Operation at All Levels A blockchain is only truly valuable when it operates consistently every day. Speed, stability, and consistency are not just advantages; they are mandatory foundations. Walrus Network is built with that practical mindset: operating smoothly in real-world conditions, not just in theory. The core of @WalrusProtocol is an infrastructure designed for optimal reliability. From node performance to data handling, every layer in the system is fine-tuned to reduce friction and avoid unnecessary complexity. The result is faster confirmations, fewer interruptions, and a more stable experience for users. #Walrus also emphasizes the balance between performance, security, and decentralization. Instead of chasing short-term improvements, the network optimally manages how components interact with each other. This helps maintain stable throughput, low latency, and consistent performance even as user numbers increase. For developers, a stable environment is a key factor. Walrus provides a platform where tools and APIs function as expected, helping to reduce risks and accelerate the application building process. When the infrastructure operates smoothly, developers can focus on creativity rather than dealing with technical issues. Walrus's scalability is also implemented in a sustainable manner. Infrastructure upgrades are carefully planned to meet growth demands without causing disruptions. This ensures that the user experience remains consistent as the ecosystem expands. $WAL
Walrus Network: Smooth Operation at All Levels
A blockchain is only truly valuable when it operates consistently every day. Speed, stability, and consistency are not just advantages; they are mandatory foundations. Walrus Network is built with that practical mindset: operating smoothly in real-world conditions, not just in theory.
The core of @Walrus 🦭/acc is an infrastructure designed for optimal reliability. From node performance to data handling, every layer in the system is fine-tuned to reduce friction and avoid unnecessary complexity. The result is faster confirmations, fewer interruptions, and a more stable experience for users.
#Walrus also emphasizes the balance between performance, security, and decentralization. Instead of chasing short-term improvements, the network optimally manages how components interact with each other. This helps maintain stable throughput, low latency, and consistent performance even as user numbers increase.
For developers, a stable environment is a key factor. Walrus provides a platform where tools and APIs function as expected, helping to reduce risks and accelerate the application building process. When the infrastructure operates smoothly, developers can focus on creativity rather than dealing with technical issues.
Walrus's scalability is also implemented in a sustainable manner. Infrastructure upgrades are carefully planned to meet growth demands without causing disruptions. This ensures that the user experience remains consistent as the ecosystem expands. $WAL
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