Walrus (WAL) is a decentralized storage and data availability protocol built on the Sui blockchain by Mysten Labs, designed to address key challenges in decentralized data management such as scalability, cost efficiency, and fault tolerance. The project positions itself as a developer platform for the AI era, enabling trustworthy, provable, monetizable, and secure data markets particularly well suited for storing and managing large files like videos, images, and audio through programmable Move-based smart contracts. The native WAL token plays multiple roles in the ecosystem: it serves as payment for storage services, enables staking for network security, and functions as a governance token for community decision-making. Launched in early 2025 with strong backing from prominent VCs, Walrus quickly gained traction through listings on major exchanges like Binance, KuCoin, Bybit, and others, where the WAL/USDT trading pair (often referred to as WALUSDT in futures and spot markets) became highly active. As a promising player in the DePIN (Decentralized Physical Infrastructure Networks) and infrastructure sector, Walrus continues to attract attention for its potential to power innovative Web3 applications involving rich media and AI-driven data solutions.
