#walrus $WAL Walrus Protocol is a decentralized and programmable storage and data availability protocol built on the Sui blockchain, created to handle large, unstructured data such as videos, images, AI datasets, and decentralized application files. It uses erasure-coding technology to divide data into encoded fragments that are distributed across many independent nodes, ensuring high durability, fault tolerance, and lower storage costs compared to full replication. Walrus uniquely treats stored data as on-chain objects, allowing smart contracts to control access, ownership, and storage duration. The protocol is powered by the WAL token, which is used for storage payments, staking, network security, and decentralized governance.