The WAL token serves as the core economic unit of the Walrus protocol. It is used to pay for data storage services, helping maintain consistent storage pricing over time. Users spend WAL tokens to store their data, and those tokens are then distributed to both storage providers and stakers as a form of compensation. This reward mechanism encourages reliability and availability across the network. Additionally, a portion of the WAL token supply is set aside to support early adoption and make the storage solution more affordable in its initial stages.
WAL
0.1539
+1.78%