irysVM

📝 Hello everyone, I am 𝟏𝟎, welcome back to the #History of Blockchain Development project research series. Today, we will focus on (Irys).

Data is no longer just a static storage file, but an active element that can actively execute logic and trigger contracts. Irys is changing everything with programmable data chains.

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1. The Dilemma of Traditional Storage

The current phenomenon of on-chain data storage is quite fragmented. As a representative of decentralized storage, Filecoin can only provide short-term storage for a maximum of 540 days, and after that, manual renewal is required. Retrieving data often takes hours or even days.

⚡️ Friends, I came across Irys founder Josh Benaron's recent tweet, and it feels particularly authentic. There's no empty talk about macro narratives; instead, he speaks plainly: whether an ecosystem can succeed depends on whether the project can truly make money on-chain. Recently, he has been relatively quiet because he is fully focused on pushing the mainnet launch.

The signal it conveys is very clear: Irys has quietly crossed the critical threshold from technical validation to commercial validation.

I've seen too many public chains and protocols telling compelling stories, with Token prices soaring, but when you ask: what applications on them are actually making money? The answer is often silence. Ecological prosperity has turned into a numbers game of TVL (Total Value Locked), rather than a competition of real revenue and user growth.