Walrus is a decentralized storage protocol built on the Sui blockchain that lets developers and users store and retrieve large binary data (blobs) like videos, images, and datasets using advanced erasure coding for efficiency and reliability. Its native WAL token powers storage payments, staking, and governance. WAL holders can stake to secure the network and earn rewards, vote on protocol parameters, and pay for storage services. The system spreads encoded shards across many nodes with proofs of availability, ensuring resiliency and cost-effective storage that integrates with Web3 apps and traditional APIs. Walrus treats storage as a tokenized asset and aims to lower storage costs while enhancing data accessibility and decentralization.
WAL
Alpha
0.16112
+4.10%
