Walrus Protocol offers a pioneering data storage solution on the Sui ecosystem with low storage costs. It addresses the challenge of storing large data files, PDFs, and images, particularly AI and 3D data, which the market has yet to effectively achieve on blockchain.
Total Raised Funds: $140M from Tier 1 Funds.
Funding was secured through a token sale at $0.4 per token to prominent funds like A16z and Franklin Templeton, valuing the Fully Diluted Valuation (FDV) at $2B USD on paper. The project is directly developed and funded by its parent company, Mysten Labs.
Tokenomics: Strong in the short term but potentially less promising long term. In the first year, only 1% of the total supply unlocks per month (~$13M USD). Compared to a 24-hour trading volume of $100M, the selling pressure is insignificant, and there is no immediate selling pressure from investors. However, risks may arise from strategies to educate the community and airdrops to other projects on $WAL.
$WAL Price Potential: Driven by key catalysts in 2025. Lower actual circulating supply than reported (supply squeeze) initiated by the project in the short term. Expansion of the Walrus Data Storage platform with integrations on other Layer 1 blockchains like Solana and Ethereum. The boom of 3D Gaming & AI and Payments on the Sui ecosystem -> direct use cases driving $WAL’s price increase.
2. Overview
Walrus Protocol is a decentralized data storage project designed for cost-effective and high-performance storage of large binary files (blobs). It utilizes a proprietary Red Stuff encoding technology, based on fountain codes, to achieve significantly lower storage costs compared to solutions like Filecoin.
Built on the Sui blockchain, Walrus launched its mainnet on March 27, 2025, with the aim of supporting web3 applications such as NFTs, AI Data, and SocialFi.Walrus (WAL) Coin Supply