Walrus (ticker WAL) has quickly risen from relative obscurity to become one of the most discussed projects in the decentralized blockchain infrastructure space. Built on the Sui blockchain, Walrus is a decentralized storage protocol aimed at revolutionizing how large, unstructured data — such as videos, AI datasets, and media files — is stored, accessed, and managed in Web3 environments. Its utility focuses on offering scalable, verifiable, and cost-effective decentralized storage, positioning it as a key piece in the next generation of blockchain infrastructures. �
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Mainnet Launch and Funding
The biggest milestone for Walrus came in March 2025, when the project successfully launched its mainnet on March 27, 2025. This marked the transition from testnet to a fully operational network, enabling real users and developers to utilize its storage services in a live environment. The mainnet launch was supported by a $140 million funding round, led by major blockchain investors including Standard Crypto, a16z Crypto, Electric Capital, Franklin Templeton Digital Assets, and RW3 Ventures. �
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This level of backing signaled strong confidence from institutional players in Walrus’s technical approach and potential market share. Unlike many blockchain projects that focus solely on DeFi or tokenomics, Walrus emphasizes infrastructure — a long-term play targeting foundational blockchain use cases.
Tokenomics and Ecosystem Strategy
Ahead of the launch, Walrus also revealed its tokenomics model, crafted to support a robust ecosystem rollout. A significant portion of the WAL tokens was allocated to the community — over 60 % — distributed across user airdrops, grants, developer incentive programs, and storage subsidies. This community-centered design aims to encourage adoption, reward early participants, and bootstrap a thriving network of node operators and developers. �
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The model places a particular emphasis on long-term ecosystem growth rather than short-term price speculation, reinforcing the protocol’s goal of becoming a foundational storage layer for Sui and broader Web3 applications.
Exchange Listings and Market Adoption
Since the mainnet launch, WAL has been listed on several major exchanges. In addition to listings on platforms like MEXC, Walrus was added to the Crypto.com App, broadening access for both retail and institutional investors. Crypto.com’s integration made WAL purchasable with over 20 fiat currencies, and opened up potential use cases like spending WAL with the Crypto.com Visa Card at millions of merchants worldwide.
This wider availability has helped increase liquidity and visibility for the token, although like many infrastructure tokens, WAL’s price performance has been volatile, closely tied to broader crypto market
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