1️⃣▪️Built on Sui Blockchain
Walrus leverages the scalability and speed of the Sui blockchain and its Move programming language. Sui handles metadata, payments, and governance coordination, allowing Walrus to stay focused on decentralized blob (large file) storage without needing its own separate chain.
2️⃣▪️ Decentralized Blob Storage
Walrus breaks large files into smaller shards using techniques like erasure coding. These shards are distributed across multiple network nodes, improving resilience, accessibility, and fault tolerance — meaning data can still be accessed even if some nodes fail.
3️⃣▪️What WAL Is Used For
WAL has several key utilities within the protocol:
🔒 Staking and Security
Token holders can stake or delegate WAL to storage nodes, helping secure the network. Nodes with more delegated tokens receive more storage assignments, and both rewards and penalties are tied to whether they deliver data reliably.
💰 Payments for Storage
Users pay WAL to upload and reserve data storage. This fee is distributed to the storage providers and stakers as part of the economic model.
4️⃣▪️Governance
WAL holders can participate in on‑chain governance, voting on key parameters such as slashing levels for underperforming nodes, reward rates, and protocol upgrades.
🔥 Deflationary Mechanisms
The tokenomics include plans to make WAL partially deflationary — a portion of tokens could be burned with each transaction, potentially reducing supply over time and impacting scarcity.
5️⃣▪️Tokenomics Overview
Launch date: February 2025
Blockchain: Built on Sui (SUI20 token standard)
Max supply: 5 billion WAL tokens
Use cases: Staking, governance, payments, incentives
The protocol team and ecosystem partners hold significant allocations to support development, ecosystem growth, and community incentives.
