WLD's recent performance is worth paying attention to—it has surpassed Base to become the highest-paying chain among L2 networks in the Ethereum ecosystem. The reason behind this is not mysterious: the Blobs data storage mechanism and settlement verification process require continuous on-chain cost investments. In other words, high fees often reflect genuine transaction volume and user activity rather than hollow hype.

However, from an investment perspective, WLD, as one of the star projects in the AI track, faces several challenges. Similar to PUMP, it is currently experiencing the drag of a massive unlock cycle. The circulating supply is around 50%, with a market cap of approximately 2.2 billion. Caution is advised when entering at this stage—based on the current unlock pace, a more reasonable bottom-fishing opportunity might occur when the market cap drops below 1 billion, roughly around mid-2026.