Recently, someone asked about the WAL token, so I’d like to share my thoughts.

First, the fundamentals. WAL has already been listed on a major exchange, with a total supply of 5 billion tokens. Currently, about 1.7 billion are in circulation, and the price fluctuates around $0.13. This scale is considered medium-sized among new projects.

From the project itself, Walrus is a decentralized storage and data availability protocol. It primarily offers an affordable solution for decentralized storage nodes to store unstructured content. The key point is that it can ensure high availability and data reliability even in Byzantine fault scenarios—this is a tough benchmark for storage projects.

An interesting aspect is the funding background. Top-tier VCs like a16z have invested, indicating the project gained recognition during its fundraising stage. WAL is part of the SUI ecosystem, and as a high-performance public chain, SUI has solid technical foundations, ample funding, and strong ecosystem support over the past two years, which benefits projects within its ecosystem.

However, every project carries risks. The decentralized storage sector is highly competitive. Whether WAL can find a differentiated position among many storage solutions depends on future technological iterations and real-world application deployment. There may be short-term speculative opportunities, but long-term gains will depend on the team’s execution capability.

What are your thoughts?