#walrus $WAL Walrus (WAL) is a decentralized storage protocol built on the Sui blockchain, offering secure and cost-efficient data storage solutions. Its key features include ¹ ²:
- *Red Stuff Encoding*: A proprietary two-dimensional erasure coding algorithm that reduces storage costs by 80% compared to Filecoin and 100x compared to Arweave.
- *Delegated Proof-of-Stake Governance*: WAL holders stake tokens to elect storage node committees, ensuring network security and reliability.
- *Tokenomics*: 5 billion WAL tokens are allocated for community reserve (43%), core contributors (30%), subsidies (10%), investors (7%), and user airdrops (10%).
WALUSDT
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0.08039
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