The WAL token of the Walrus protocol is not just a trading tool; it supports the operation of the entire ecosystem. As a native cryptocurrency, the design of the WAL token integrates three dimensions: utility, governance, and incentives, aiming to build a robust and sustainable decentralized storage network.

Speaking of utility, users can pay transaction fees, storage fees, and various dApp service charges with WAL. Since it operates on the Sui blockchain, its fast speed and low cost make WAL highly efficient for daily use. Users don't need to spend a lot or wait long, which is quite friendly for ordinary participants.

Governance is a highlight. Token holders can vote on decisions, having a say in protocol upgrades, parameter adjustments, and development directions. This decentralized model prevents excessive concentration of power and truly ensures the community's voice is heard. By participating in governance, users can shape the future of the ecosystem and gain a deeper understanding of how the protocol operates.

The staking mechanism provides another path for value appreciation. You can stake WAL to support network security and earn corresponding rewards. This design encourages long-term holding, reduces token liquidity volatility, and helps stabilize the ecosystem. For users seeking steady growth, staking is a relatively low-risk option.

Storage nodes and contributors are incentivized through WAL rewards. Walrus uses erasure coding technology to achieve distributed file storage; nodes providing storage space can earn WAL rewards. This incentive drives more people to participate in the network, enhancing the system's reliability and decentralization.

Overall, the WAL token's design—from trading, governance, staking to incentives—is quite clever. As the Walrus ecosystem evolves, WAL is likely to become a key link connecting users, developers, and storage nodes.