What is $WAL?
$WAL is the native token of the Walrus Protocol, built on the Sui blockchain. It is primarily used for powering Walrus’ decentralized storage ecosystem. (coinmarketcap.com)
📌 About Walrus (WAL)
Walrus is a decentralized storage network for large files like videos, images, AI datasets, or NFT media.
By using the Sui blockchain, it ensures storage is secure, reliable, and cost-efficient. (coinmarketcap.com)
📌 Uses of $WAL Token
Payments: $WAL is used to pay for storage services on the network. (gate.com)
Staking & Security: Users can stake $WAL to help secure the network and maintain data availability, earning rewards in return.
Governance: Token holders can vote on protocol upgrades, rules, and incentives. (academy.binance.com)
📌 Key Points
$WAL is listed on major exchanges like Binance and KuCoin, making it easy to trade.
Its goal is to turn user data into a secure, tradable, and controlled asset, giving users full control over their files on-chain.
💡 In short:
$WAL is a utility and governance token for the Walrus decentralized storage protocol, enabling payments, staking, and governance — all on the Sui blockchain.