Walrus
WALA verifiable decentralized storage protocol on Sui
Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 1.54% | 5.55% | 5.74% | 41.58% | 92.84% | 35.92% |
Revenue & Burn
Protocol income
$1.96KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $1.96K | -- | -- | -- |
| Sep 2026 | $3.02K | -- | -- | -- |
| Aug 2026 | $8.85K | -- | -- | -- |
| Jul 2026 | $8.63K | -- | -- | -- |
| Jun 2026 | $2.96K | -- | -- | -- |
| May 2026 | $2.18K | -- | -- | -- |
Comparison
Developer
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Oct 27, 2026 | 38.33M WAL | $1.54M | 1.46% | 3 Allocation |
| Nov 27, 2026 | 38.33M WAL | $1.54M | 1.46% | 3 Allocation |
| Dec 27, 2026 | 38.33M WAL | $1.54M | 1.46% | 3 Allocation |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | BBitgetCEX | WAL/USDT | $0.1314 | $84,994 | $87,722 | $223,396 | 1.72% |
| 2 | UUpbitCEX | WAL/KRW | $0.1329 | $37,821 | $32,557 | $196,686 | 1.51% |
| 3 | BBingXCEX | WAL/USDT | $0.1314 | $73,679 | $67,738 | $105,131 | 0.81% |
| 4 | PPhemexCEX | WAL/USDT | $0.1308 | $3,067 | $3,854 | $66,590 | 0.51% |
| 5 | BBithumbCEX | WAL/KRW | $0.1336 | $1,438 | $5,643 | $22,149 | 0.17% |
| 6 | UUpbitCEX | WAL/BTC | $0.1373 | $0 | $0 | $384 | 0.00% |
| 7 | WAL/USD | $0.1319 | $1 | $2,855 | $12 | 0.00% | |
| 8 | UUpbitCEX | WAL/USDT | $0.1446 | $0 | $0 | $11 | 0.00% |
| 9 | PPoloniexCEX | WAL/USDT | $0.1538 | $0 | $0 | $6 | 0.00% |
Follow Updates
Follow Lists
People
About Walrus
Walrus is a decentralized storage and data availability protocol built on the Sui network. Its core business is providing verifiable blob storage for large files and high-frequency writes, targeting AI agents, dApps, and data-intensive applications.
Its core competitiveness lies in the Red Stuff erasure coding scheme, which uses two-dimensional encoding to achieve self-healing recovery with bandwidth proportional to lost data. It is the first protocol supporting storage challenges in asynchronous networks, preventing adversaries from exploiting network delays to fake storage. Walrus also introduces a multi-stage epoch change protocol to handle node churn without service interruption.
Market pain points addressed include high costs and low reliability of traditional decentralized storage, lack of verifiability, and the difficulty for AI agents to persist memory in a trustless way. Walrus solves these with low overhead, high availability, and on-chain proofs of availability.
In the past six months (2026-03-01 to 2026-09-01), Walrus launched MemWal, an SDK for building AI agents with persistent memory, and its storage volume exceeded 450 TB, surpassing Arweave. However, its storage node distribution is relatively concentrated geographically, and its dependency on the Sui ecosystem poses a concentration risk.
Walrus, a decentralized storage and data availability protocol developed by Mysten Labs, the team behind Sui, has progressed through several key milestones. Its mainnet officially launched on March 27, 2025, marking the protocol's transition from testnet to production. Notably, Walrus became the first decentralized data platform with access control, enabling programmable storage through smart contracts. In a significant institutional endorsement, Grayscale launched the Walrus Trust Fund, providing traditional investors with exposure to the protocol's native token, WAL. The token itself was listed on major exchanges, with Binance introducing WAL spot trading, a perpetual contract, and a HODLer airdrop event. Additionally, Walrus announced Crypto Guard, a security product designed to enhance data protection. These developments—from mainnet deployment, institutional trust products, exchange listings, to security innovations—represent foundational steps in establishing Walrus as a viable decentralized storage solution with long-term ecosystem potential.
Rebecca Simmonds
Executive Director of the Walrus Foundation, leading ecosystem development and strategic operations. Previously served as Business Director at Zone and Deputy Managing Director at Principia, with extensive experience in digital strategy and business management. She holds an MA (Hons) in History from the University of Edinburgh. Her Twitter handle is @RJ_Simmonds.
Note: No reliable public information is available regarding other co-founders or core executives at this time.
Daniel Lian, who served as Head of Finance at Walrus, departed in May 2026 after joining in February 2025. His departure marks a recent change in the protocol's core team. During his tenure, he oversaw treasury management, multi-entity structures, and grant programs. No new hires were reported.