On-chain storage sector will not necessarily ignite just because hardware prices increase. To be direct, the correlation is actually quite small—probably less than 1%.

Why? Because the rise in memory and hard drive prices mainly stems from another factor: AI data centers are experiencing a surge in capital expenditure cycles. Whether it's DRAM or enterprise-grade storage chips like HBM, demand is driven by the construction boom of data centers. These are two parallel markets, each with its own logic.

The challenges faced by the on-chain storage ecosystem are entirely different. What truly constrains its development are economic model design, user experience, and whether viable application scenarios can be found. Hardware costs are just the tip of the iceberg. Cheaper hard drives don't mean distributed storage projects will suddenly take off. Conversely, hardware price increases won't directly crush this sector—because people simply haven't bet on it.

To put it simply, these two lines each tell their own story.