Walrus DEX? — What You Need to Know
As of now, Walrus itself is not a decentralized exchange (DEX). Walrus is a decentralized storage protocol built on the Sui blockchain — its core function is storing large data and powering decentralized apps, not directly exchanging tokens like a DEX does. �
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Here’s the breakdown:.
🔹 Walrus Protocol – Storage Focus
Walrus (WAL) is a decentralized data storage and availability network on Sui.
It’s designed for storing large binary files (videos, images, datasets) across distributed nodes.
WAL tokens are used to pay for storage, secure the network via staking, and participate in governance
WAL
0.1402
-12.70%