$WAL L is the native utility and governance token of the Walrus decentralized storage protocol built on the Sui blockchain. It’s designed to power a scalable, low-cost storage network that securely stores large “blobs” of data like videos, images and datasets using advanced erasure coding. WAL is used to pay for storage services, stake and secure the network via delegated Proof-of-Stake, earn rewards, and participate in on-chain governance to set key parameters such as pricing and penalties. The token has a max supply of 5 billion, with a large portion allocated to community incentives, reserves, developer