Walrus WAL Price
Introduction
Walrus is a decentralized storage token on Sui, enabling scalable on-chain data storage for large files with cost-efficient, programmable solutions. More
Token Stats
| Fully Diluted Valuation | $1.17B |
|---|---|
| 24H Trading Volume | $142.96M |
| 24H Low / High | $0.19 / $ 0.27 |
| Circulating Supply | 1.51B |
| Total Supply | 5.00B |
| Max Supply | 5.00B |
Info
| Categories | Storage 3 more |
|---|---|
| Founder | Evan Cheng |
| Website | walrus.xyz Whitepaper |
| Socials | 1 more |
| Chains | Sui Ecosystem |
| Explorer | Suiscan 2 more |
| Contracts |
0x356....::WAL
|
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| Name | Pair | OG Score |
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About Walrus $wal
Walrus ($WAL) is the native token of the Walrus Protocol, a decentralized data storage and application development platform built on the Sui blockchain. Designed to handle large binary files and rich media content like videos, images and audio, Walrus revolutionizes Web3 data management by enabling scalable, on-chain storage without size limitations.
Unlike traditional storage solutions, it integrates Move-based smart contracts to manage both on-chain and off-chain data, offering developers cost-efficient, high-performance storage comparable to Web2 systems. The $WAL token drives the protocol’s economics, serving as the payment mechanism for storage services, where users pay upfront for fixed-term data storage and tokens are distributed over time to compensate storage nodes and stakers. Walrus ensures data resilience through a novel encoding algorithm, Red Stuff, based on fountain codes, which optimizes data recovery with minimal bandwidth.
The protocol’s deflationary design includes token-burning mechanisms to stabilize costs and incentivize long-term staking, fostering a secure, permissionless ecosystem. Launched on March 27, 2025, Walrus empowers developers to build applications with seamless data programmability, positioning it as a cornerstone for decentralized storage innovation.
What is unique about Walrus (WAL)?
Walrus stands out as the first decentralized storage protocol to enable scalable, on-chain storage of any data size, using Sui’s Move-based smart contracts for programmable data management and a cost-efficient model rivaling Web2 solutions, with no reliance on centralized infrastructure.
Who are the founders of Walrus (WAL)?
The founders of Walrus are anonymous, with the project developed by Mysten Labs, led by CEO Evan Cheng, though specific individual founders are not publicly named.
Who are the backers/investors of Walrus (WAL)?
The backers of Walrus include Standard Crypto and Andreessen Horowitz (a16z), who supported the Walrus Foundation with a $140 million raise, alongside other undisclosed investors.
Where can I buy Walrus (WAL)?
Binance, Gate.io, BybitBitgetKraken
Information in this section carefully collected and curated from publicly available data from official sources, including the Walrus Official Website, Walrus Whitepaper, Walrus GitHub Repository and Walrus X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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