#walrus $WAL Walrus (often referred to by its token symbol $WAL ) is a decentralized storage and data availability protocol built on the Sui blockchain. Its purpose is to enable secure, scalable, and programmable storage of large files (“blobs”) — like videos, images, metadata, AI datasets, and more — in a decentralized, efficient way that Web3 applications can use.
All storage metadata and proofs are anchored on the Sui blockchain, ensuring cryptographic proof of availability, on-chain verification, and smart-contract interoperability.
The native token of Walrus is $WAL , used for:
💰 Paying storage fees on the network
📊 Staking / Delegation to secure the protocol
🗳️ Governance — voting on upgrades, parameters, and economics
🏆 Incentives for storage providers and community participation
The token supply is capped at ~5 billion WAL, and a significant portion is reserved for community incentives, airdrops, developer support, staking rewards, and ecosystem growth.