Recently, someone asked me about the WAL token, so I'll share my thoughts too.
Let me start with the basics. WAL has been listed on a top-tier exchange, with a total supply of 5 billion tokens and current circulation of approximately 1.7 billion tokens, trading around 0.13U. This scale is considered mid-range among new projects.
From the project itself, Walrus is a decentralized storage and data availability protocol. Its main focus is providing cost-effective solutions for decentralized storage nodes to store unstructured content. The key point is that it can guarantee high availability and data reliability even under Byzantine failures — this is a hard metric for storage-type projects.
What's particularly interesting is the funding background. Top-tier VCs like a16z have invested, which shows the project gained recognition during its fundraising phase. WAL is a SUI ecosystem project, and as a high-performance public chain, SUI has had solid technical foundations, abundant funding, and strong ecosystem support in recent years. Projects within the ecosystem can leverage considerable resources.
However, every project carries risks. The decentralized storage track is highly competitive, and whether WAL can find a differentiated position among numerous storage solutions remains to be seen through subsequent technical iterations and application rollouts. There may be short-term trading opportunities, but long-term returns depend on the team's execution.
Recently, someone asked me about the WAL token, so I'll share my thoughts too.
Let me start with the basics. WAL has been listed on a top-tier exchange, with a total supply of 5 billion tokens and current circulation of approximately 1.7 billion tokens, trading around 0.13U. This scale is considered mid-range among new projects.
From the project itself, Walrus is a decentralized storage and data availability protocol. Its main focus is providing cost-effective solutions for decentralized storage nodes to store unstructured content. The key point is that it can guarantee high availability and data reliability even under Byzantine failures — this is a hard metric for storage-type projects.
What's particularly interesting is the funding background. Top-tier VCs like a16z have invested, which shows the project gained recognition during its fundraising phase. WAL is a SUI ecosystem project, and as a high-performance public chain, SUI has had solid technical foundations, abundant funding, and strong ecosystem support in recent years. Projects within the ecosystem can leverage considerable resources.
However, every project carries risks. The decentralized storage track is highly competitive, and whether WAL can find a differentiated position among numerous storage solutions remains to be seen through subsequent technical iterations and application rollouts. There may be short-term trading opportunities, but long-term returns depend on the team's execution.
What are your thoughts?