#walrus $WAL Walrus Protocol is a decentralized storage and data availability network on the Sui blockchain, designed to provide scalable, secure, and cost-efficient storage for large unstructured files such as videos, images, AI datasets, and Web3 application assets. It uses erasure coding to split data into fragments stored across multiple independent nodes, ensuring durability and fault tolerance even if nodes go offline. Each file is treated as a programmable on-chain object, allowing smart contracts to manage access, storage duration, and metadata. The WAL token powers the ecosystem, serving for storage payments, staking rewards, governance, and network security incentives.