Walrus's latest market performance today shows an astonishing increase, with a trading volume nearing $8.6 million and approximately 851 holders, indicating significant short-term volatility, but the activity level is also very real📈
It is not a traditional on-chain 'cheap cloud storage', but rather a decentralized storage and data availability engine aimed at large files, AI models, and NFT assets, positioning it as more advanced for on-chain applications.
The Walrus mainnet repository already has over 4.5M blobs in use, totaling about 78,890 GB, which indicates that real data is being put on-chain rather than just talk.
The distributed erasure coding technology adopted by this protocol allows data to be reconstructed even if nodes go offline, suitable for gaming, high-resolution video, and compliant data storage, rather than just simple backups.
Walrus is collaborating with Sui officials to hold Chinese Space events, discussing future plans, showing that the ecological parties are very concerned about its strategic significance.
To expand the ecosystem, Walrus has launched a $100,000+ hackathon Haulout, encouraging developers to create innovative use cases such as data markets, AI datasets, and privacy tools.
In the protocol, you can upload a blob using CLI, which will generate a unique blob ID and Sui object ID, making the data both readable and manageable regarding time and permissions through contracts.
Walrus also has a qualification verification website for airdrops that can help users who are not yet listed confirm their eligibility, which means the next wave of airdrops might be on the way.
In the community, some have lost money due to mistakenly exchanging for other WAL derivative tokens on DEX, reflecting that liquidity and user education remain short-term challenges.
Walrus and Veea Inc. have established a strategic partnership, combining decentralized storage with edge computing to make high-performance data transmission faster, representing a practical technology advancement.
In summary: Walrus is not just a storage layer; it is transforming on-chain data into programmable, tradable, usable assets; it also has real monetary hackathons, joint community activities, and genuine usage, all of which are key events in the project's logic📦🔥
@Walrus 🦭/acc $WAL #Walrus #walrus