As of January 2026,
#walrus (
$WAL ) is the native utility and governance token of the
@Walrus 🦭/acc , a decentralized storage and data availability network built by Mysten Labs on the Sui blockchain.
Key Functions
Payment: WAL is the primary currency for purchasing storage on the network. Payments are typically made upfront for a fixed duration, with tokens distributed over time to storage nodes.Staking & Security: The protocol uses a Delegated Proof-of-Stake (dPoS) model. Holders stake WAL to storage nodes to secure the network and earn rewards, while underperforming nodes face "slashing" penalties.Governance: Token holders participate in protocol governance, voting on parameters such as storage pricing and network penalties.
Tokenomics (as of January 2026)
Blockchain: Sui Network.Total/Maximum Supply: 5,000,000,000 (5 billion) WAL.Circulating Supply: Approximately 1.58 billion WAL.Model: Includes a deflationary burning mechanism for transaction fees and penalties.
Market Performance
Current Price: Approximately $0.14 – $0.16 USD (fluctuating based on real-time market activity).Historical High: Reached an all-time high of approximately $0.76 – $0.87 USD in 2025.Exchanges: Major platforms for trading include Binance, Bybit, MEXC, and Bitget.
Note: In 2025, Grayscale launched a single-asset trust specifically for the WAL token, highlighting its role as a key infrastructure layer for the Sui ecosystem.
#creatorpad #writetoearn #BinanceSquareFamily #BinanceLiveFutures TradePort, a multichain NFT marketplace, announced it will utilize Walrus, the decentralized data storage application developed by Mysten Labs, in order to store metadata for all its Move-based ecosystem NFT projects. As the largest NFT marketplace on Sui, TradePort streamlines and enhances NFT trading across multiple blockchain networks, which currently include Sui, Aptos, NEAR, Movement, and Stacks.
Walrus Protocol, which launched its Testnet in October of 2024, stores and delivers large unstructured data files, including rich media content, audio files, video, images, and PDFs, from any Web2 or Web3-based source. These large files, known as blobs, are stored quickly and efficiently by Walrus, whose storage is resilient, scalable, programmable, and secure. Walrus’s public Testnet, and its forthcoming Mainnet are served by Sui as the coordination layer.
“Initially, decentralized storage may sound like a concept you’ve heard of before,” said George Danezis, Chief Scientist and Co-Founder of Mysten Labs. “But on a smart contract platform like Sui, storage is capable of logic and programmability, which is a complete game-changer.”
“Object-based NFTs rise far above what the NFTs of the 2022 boom were able to achieve,” said Daniel Fritsche, Co-Founder of TradePort. “Thanks to their innate structure, Sui and other Move chains enable dynamic and composable NFTs, which dramatically open up the possibilities of NFT use cases. Add in programmable storage, and the attached NFT metadata becomes just as dynamic and responsive. This is only possible on a performant storage network like Walrus.”
In addition to existing NFT metadata, all data from TradePort’s NFT collections released via their launchpad will be stored on Walrus.
TradePort will be one of the first partners to store data on Walrus Mainnet, which will be launched in the near future.