Walrus ($WAL ) is the utility token behind Walrus, a decentralized storage protocol on Sui designed for real-world data. Since blockchains are inefficient for storing massive files, Walrus stores large content as blobs across a decentralized network while Sui manages coordination, verification, and system rules. Walrus applies erasure coding, transforming blobs into fragments that can be reconstructed even when parts of the network fail. WAL enables users to pay for storage, operators to stake and earn rewards for reliably serving data, and the community to participate in governance decisions. The protocol targets scalable, cost-efficient, censorship-resistant storage for decentralized applications, enterprise use cases, and AI-driven data workflows.
WAL
0.0922
-2.94%