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There’s a massive valuation gap in decentralized storage right now.
Let’s compare:
• $Walrus → 16M objects stored → ~$120M market cap
• @limewire → 15M objects stored → ~$12M market cap
That’s nearly the same network usage.
But a 10x difference in valuation.
The LimeWire Network reached 15M objects in under 2 months.
Walrus has been live for over a year.
So the question becomes:
If storage networks should be valued by usage…
Why is $LMWR trading at just ~10% of comparable networks?
The fundamentals say one thing.
The market says another.
Valuation gaps like this don’t stay open forever.