Grayscale, one of the most well-known crypto asset managers, has launched a dedicated investment trust for the $WAL token. This development highlights increasing institutional attention toward Walrus Protocol, positioning it beyond a typical decentralized storage project.
While the $WAL market is currently experiencing pressure due to scheduled token unlocks as of January 26, Grayscale’s involvement signals a longer-term perspective on the project’s fundamentals. According to Grayscale’s research, Walrus’ use of Erasure Coding technology and its Decentralized Scale Architecture offer a robust approach to managing large-scale data compared to existing solutions.
Combined with recent partnerships such as Team Liquid and Myriad, this development further strengthens Walrus’ utility-driven narrative. As institutional participation continues to grow, Walrus is gradually establishing itself as a notable player in the decentralized storage sector.
