Irys mainnet has been online for two weeks, have you been targeted? Raise your hand that has been kicked back I now prefer to talk about IRYS from a counterintuitive perspective: The mismatch point I saw is here: 1) The market is watching the excitement, but the internet is starting to run 'real data streams' The mainnet is already live, while high-frequency AI data production systems like Reppo have already connected production loads to Irys; The narrative of sensor networks like 375ai is not just a PowerPoint presentation, as over 40000 sensor data have been repeatedly validated in the context of the ecosystem. Once this type of demand is scaled up, the value capture of the chain will become very 'hard'. 2) Its key is not 'storing data', but 'making data executable/programmable' The core of Irys is to unify storage and execution into a native system (this is clearly stated in its own positioning). This will lead to a result: data is no longer just "there", but can be directly called, verified, and attached with rules by contracts - this is the increment of Datachain. 3) Tokenomics is a rare "multi-source deflationary pressure" structure (many people really haven't looked closely) The official statement is very direct: 50% execution fee for destruction 95% short-term storage fee destroyed At start-up, about 20% of the shares are in circulation, and the team and investors lock up their positions for the first year This means that once data migration/application launch brings transaction growth, deflation is not a single point, but a squeeze on supply from both the execution and storage ends. 4) Trading perspective: Now is the 'early window for price discovery' Because liquidity is increasing, but cognition is not yet unified. Binance has already taken the lead in using Irys for Alpha and comes with an Alpha Points redemption mechanism (Binance); The contract side has also launched IRYSUSDT perpetual (Binance). KuCoin's spot and contract prices have also kept pace (IRYS/USDT, IRYSUSDT perpetual) (KuCoin). The liquidity of multiple exchanges and the initial narrative fermentation of the main network, but the market still regards it as a "new coin watching" - this stage is often the most typical 0-1 pricing rearrangement interval. My personal conclusion is: Is there any big bargain hunting? (Non investment advice) Follow: @ irys_xyz @ cn_irys_xyz and changes in activity/liquidity on the exchange side. IRYS