After a huge and successful airdrop, instantly claiming that spot in the Top 100 cryptocurrencies by market cap and the third-largest token in the Sui ecosystem, we thought we’d unveil everything we need to know about the Walrus Protocol and the $WAL token!
So, get that coffee ready and let’s start unravelling!
What is Walrus?
The Walrus Protocol is a newly launched decentralized storage protocol built on the SuiNetwork, allowing everyone to store, publish, deliver and program any size of data on chain!
But, the big question is, why do we need Walrus?
Why Walrus?
Data is a crucial aspect of our day-to-day lives, so we need to take control and store it somewhere we have control. This is where the Walrus Protocol comes in. Anything from music to videos to documents, application data and anything digital can be uploaded and stored on chain forever!
How Does Walrus Work?
Walrus is washing away the corrupt centralized control of data and storage with its unique decentralized combination of cryptographic techniques. Files of all sizes are divided into smaller chunks known as blobs, which are then distributed to individual storage nodes.
What makes it so special is the fact that even if a file/data becomes corrupted, unavailable or malicious, the original file/data can still be retrieved and rebuilt from the remaining untampered files! This is true control and reliability of online data.
Centralized cloud storage providers rely on central storage, and Walrus does not. With Walrus, the network guarantees security through node verification, providing users with unique benefits such as cheap data management, low latency, resilient fault tolerance and more.
Walrus Partners
Wowing their growing list of partners, including major Web3 protocols such as Linera, Talus Network, Plume Network and many others, the Walrus Protocol provides decentralized storage solutions for various dApps ranging from NFT protocols, to Games, Multimedia and much more.
Walrus Statistics
Since the very recent mainnet launch on March 27th 2025, 114 storage nodes, 103 operators, and 52 active projects are already using the Walrus storage network. Not only that, but an impressive 3.75M+ blobs have been written on the network, and only taking 332TB out of the enormous 4,123TB storage availibility!
Walrus Token ($WAL)
Alongside the mainnet launch and after raising over $170M from major VCs, the Walrus Protocol conducted a massive airdrop to its loyal users and rewarded them with $WAL tokens. $WAL is the payment token used for storage on the network, as well as Delegated Staking to secure the network and governance to vote on protocol proposals.
Conclusion
According to CoinMarketCap, at the time of writing, $WAL is trading at $0.39 with a market cap of $505M, ranking it the 100th largest cryptocurrency. On the launch date, $WAL peaked at $0.8742 and is currently down 12.69% from its ATH. With the expected surge of the AI, Data and DePIN narratives and a full-blown bull run, it will be exciting to see what $WAL can do…
Official Walrus Protocol Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
