Walrus ($WAL) is the native token of a decentralized storage and data availability protocol built on the Sui blockchain. It targets the growing need for secure, scalable, and cost-efficient storage of large unstructured files like videos, AI models, and rich media across a distributed network of independent storage nodes. Walrus uses advanced techniques (e.g., erasure coding) to ensure data remains accessible and resilient even if some nodes fail, offering an alternative to traditional centralized cloud services.
The $WAL token fuels the ecosystem by enabling payments for storage, staking to secure the network, and governance participation. With a capped supply and active market trading, Walrus aims to bridge Web3 infrastructure with real-world data demands, empowering developers and users with reliable decentralized storage solutions.
