Let's talk about @ irys_xyz, who recently joined Binance Alpha and Contract. What the entire market lacks most now is not a new L2 or cheaper DA, nor is it an additional Filecoin or Arweave, but a solution that can truly handle "large-scale data" on the chain Why is it important? The past chain only knew how to 'keep track of accounts' and not how to' process information ' Smart contracts cannot even read a picture, a video, or a batch of logs, let alone AI models And inference results, user behavior data. Without data processing capabilities, the so-called 'AI on chain' will always be empty talk To truly run AI, data, and large-scale applications on the chain, someone must connect "storage verification execution", and current chains only do a part of it: Filecoin can be stored, but it cannot be verified or executed Arweave can be permanent, but it cannot be calculated Celestia does DA without touching the data content Mainstream L2 can execute, but cannot read large-scale on chain data The result is that before the emergence of Irys, there were no public chains that could allow smart contracts to directly access and process "large-scale, verifiable" on chain data. Irys has already processed over 1 billion transactions during the testing phase After checking the Token structure, it is also clean enough: All expenses in the network consume IRYS; 50% execution fee burned, 95% storage fee burned (this is pure supply contraction); The initial circulation is only 20%, and the team/capital will only unlock it after one year; The more data and the higher the usage, the tighter the circulation (this structure is extremely rare this year) More importantly, the institutions and experiences standing behind it: The team has accumulated years of experience in the storage field and has experienced large-scale traffic during Arweave's peak period, so there is no doubt about their technical engineering implementation ability; In terms of financing, the total amount is close to 20 million US dollars, and the funds that come in are all veteran institutions CoinFund, which has long been betting on the infrastructure track, including funds such as DePIN and data layer funds Framework Ventures, Hypersphere Ventures, etc. You can continue to pay attention to this project