#walrus $WAL Walrus ($WAL) is a decentralized storage and data availability protocol built on the Sui blockchain. Its goal is to provide secure, scalable, and cost‑efficient storage for large data files (often called “blobs”) such as video, images, AI datasets, and more making data programmable and verifiable on‑chain.
Key Features
1. Decentralized Storage: Walrus stores data across a network of nodes using advanced encoding techniques to ensure redundancy, fault tolerance, and availability.
2. Built on Sui: It leverages the Sui blockchain for metadata, payments, economic coordination, and governance.
3. RedStuff Encoding: The protocol uses a special erasure‑coding algorithm to split and distribute data efficiently, lowering storage costs compared with many other decentralized storage systems.
4. Token Incentives: Node operators stake WAL to earn rewards and help secure the storage network.
5. Governance: WAL holders can participate in on‑chain governance to vote on protocol parameters.
💰 What the $WAL Token Does
The native token WAL serves several roles in the ecosystem:
Payment for Storage – users pay in WAL to upload or reserve storage capacity.
Staking & Rewards – tokens can be staked or delegated to storage nodes in exchange for yield.
Governance – holders vote on network and economic decisions.
📊 Tokenomics
Total Supply: 5 billion WAL.
Circulating Supply: Partially unlocked and tradable after mainnet launch.
Allocation: A large portion goes to community reserves, incentives, airdrops, contributors, and investors.
walrus.xyz
Project Background & Adoption
Mainnet Launch: March 27, 2025.
VC Backing: Raised significant funding (~$140 M) from major investors, signaling institutional interest."