Mainnet & Token Launch: @Walrus 🦭/acc went live with its mainnet on March 27, 2025, rolling out its native $WAL token alongside its decentralized storage platform on the Sui blockchain.
Early Token Sale & Backing: Prior to launch, Walrus raised $140M in a private token sale led by Standard Crypto with participation from a16z crypto, Electric Capital, Franklin Templeton Digital Assets, RW3 Ventures, and others.
Exchange Listings:
KuCoin (WAL/USDT) from March 27, 2025.
Binance Spot & Alpha listings went live October 10, 2025, with early-trader incentives and community perks.
Price, Volume & Market Stats
(As of early January 2026 — prices may change quickly.)
Current WAL price: ~$0.15 USD per token
24h Trading Volume: ~$18–24M
Market Cap: ~$240M, fully diluted valuation around $770M
Circulating Supply: ~1.5–1.6B WAL tokens
Range Since Launch: WAL experienced notable early highs and has stabilized as a mid-cap utility token.
What Makes Walrus Stand Out
Walrus is more than a DeFi token. Its core focus is decentralized storage with programmable blockchain utility:
Native Storage & Data Economics
Supports large file storage like videos, AI datasets, and other rich media.
Uses erasure coding and blob distribution for resilient, decentralized storage across nodes.
Multi-Purpose Token Utility
$WAL is integral to the network:
Paying for storage services within the protocol
Staking & incentives for network security and rewards
Governance participation for protocol upgrades and decisions
Node economics, rewarding reliable storage providers
TVL, Ecosystem & Adoption Signals
Walrus is part of the growing Sui ecosystem, which includes DeFi, NFTs, gaming, and real-world data use cases:
Sui’s TVL and DeFi activity support projects like Walrus.
Storage is foundational for dApps, Web3 AI, gaming assets, and distributed data markets.
Institutional products like Grayscale Walrus Trust provide regulated exposure to WAL.
Backers, Tokenomics & Distribution
Over 60% of WAL tokens go to community, grants, and ecosystem incentives.
Strategic investors hold a minority, aligning growth with network adoption.
Supported by a16z crypto, Standard Crypto, Electric Capital, Franklin Templeton, RW3 Ventures, showing strong institutional backing.
Real Utility Punchline
Walrus tackles one of the hardest challenges in Web3: scalable, decentralized storage with real on-chain usage. $WAL is not just a tradeable token; it powers storage payments, staking rewards, governance, and node economics. For decentralized apps that need reliable, censorship-resistant data storage, Walrus offers a working solution, making it a utility token with tangible network demand.
