Valuation of the Walrus Protocol: A Deep Dive into $WAL Token Economics
As of January 9, 2026, the Walrus Protocol (@WalrusProtocol), a decentralized storage network on Sui, has established itself in the DePIN sector. Its native token, $WAL, reflects market dynamics, technological edges, and investor confidence. Launched on mainnet in March 2025, Walrus raised $140 million in a private token sale led by Standard Crypto, with participation from a16z crypto, Electric Capital, and Franklin Templeton, valuing the project at a fully diluted valuation (FDV) of $2 billion.
