Walrus @Walrus 🦭/acc is an on-chain decentralized data storage infrastructure project developed by Sui's official team. It has raised $140 million led by Standard Crypto, a16z, Protagonist, and others, with a total issuance of 5 billion WAL tokens. Currently, around 1.5 billion tokens are in circulation, and the total market capitalization is approximately $200 million. On the 27th of each month, 17.5 million tokens are unlocked. Affected by the overall market trends, both Sui and WAL have been declining. However, the surge in storage chips during this AI wave and hype has increased demand for efficient and cost-effective decentralized storage solutions. Sui chain can also leverage Walrus's infrastructure advantages to expand its ecosystem. Most of the WAL airdrop is allocated to the community. As ecosystem applications continue to develop, WAL is expected to see significant growth in the future.
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