The Walrus (WAL) token is the native cryptocurrency of the Walrus decentralized data storage protocol built on the Sui blockchain, used for payments, staking, and governance. The current price of the Walrus token is approximately $0.13 USD with a market capitalization of over $200 million USD.
Financial Overview
Current Price: Approximately $0.13 USD
24h Trading Volume: Over $14 million USD
Market Cap: Approximately $204 million USD
Circulating Supply: 1.58 billion WAL out of a maximum supply of 5 billion WAL
All-Time High: $0.8742, reached on March 27, 2025
Key Insights
Decentralized Storage: Walrus provides a cost-effective, censorship-resistant, and scalable storage layer for large, unstructured data like media files, AI datasets, and blockchain archives.
Built on Sui: Developed by Mysten Labs, the team behind the Sui blockchain, Walrus integrates with Sui's smart contract environment for high throughput and low fees.
Utility: The WAL token is essential for the ecosystem, primarily for paying for storage services, rewarding storage providers, and participating in network governance through staking.
Investors & Partnerships: The Walrus Foundation raised $140 million in a private token sale from prominent investors like a16z crypto and Standard Crypto, bolstering its credibility and long-term potential.