Walrus (WAL) is a native token powering the Walrus protocol, and I’m honestly excited about what they’re building. Instead of just being another DeFi token, Walrus combines privacy + decentralized storage in a way that feels truly next-gen. The protocol runs on the Sui blockchain, which helps it stay fast and scalable.
Here’s the cool part: Walrus uses blob storage and erasure coding to split big files into pieces, then spreads them across a decentralized network. That makes storage cheap, censorship-resistant, and reliable, even if parts of the network go offline.
WAL is used inside the ecosystem for staking, governance, and interacting with dApps. The purpose is simple but powerful — help users and developers store data privately, move it securely, and build decentralized apps that don’t depend on Big Tech cloud servers.