The currency $WAL is the main currency within the @Walrus 🦭/acc protocol and represents the cornerstone of operating a network aimed at building a flexible and scalable infrastructure within the blockchain ecosystem. The Walrus protocol focuses on providing a stable operating environment that supports data transfer and efficient execution of operations, targeting developers and applications that require a reliable infrastructure with increasing usage.
🔗 The WAL currency is used to execute transactions within the network and to pay fees associated with various services.
It also plays a role in incentivizing participants who contribute to the operation of the protocol and maintain its stability. The economic model of the currency relies on linking usage to value, as WAL is designed to be an essential part of the activity within the ecosystem, not just an independent digital asset.
⚙️ Projects that focus on infrastructure like #walrus often
What essentially constitutes applications and other projects, hence the importance of the WAL currency as an operating tool that supports this type of growth. Following the evolution of WAL currency means following a project that works on building a foundational layer within the blockchain system. As usage expands, the position of the currency within this system can become clearer.
