Walrus price of $0.02457611 is down -2.75% in the last 24 hours and down -14.48% in the last 7 days. Price is down -96.31% from ATH of $0.6665199 from May 22, 2025, and down 91.03% from 52-week high of $0.2740291. Short-term trend is Strong Down while Medium-term trend is Strong Down and Long-term trend is Down. Near-term momentum is Bearish based on MACD Signal Line crossover and Bearish based on RSI-14 center line crossover (RSI < 50). Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Walrus (WAL) is a decentralized storage and data-availability protocol built on the Sui blockchain.
The network stores large data objects, called blobs, off-chain across independent storage nodes while anchoring verification proofs on Sui. Users pay WAL tokens to store blobs, and storage-node operators earn WAL for providing capacity and serving data.
Walrus provides decentralized storage and data-availability for large data blobs, with storage payments and node rewards settled in WAL on the Sui blockchain.
In 2026 the protocol introduced MemWal, a plugin giving AI agents long-term verifiable memory built on Walrus storage. The network has surpassed 450TB of stored data as of 2026, up from about 12TiB at its 2024 developer-preview stage.
WAL functions as both a utility and governance token within the Walrus network.
Walrus has a maximum supply of 5,000,000,000 WAL, of which approximately 2.6 billion were in circulation as of 2026-09-02.
Ongoing multi-year vesting keeps token-supply inflation elevated relative to comparable low-cap tokens.
Walrus's mainnet launched on March 27, 2025, following a developer preview released June 18, 2024 and a public testnet phase.
Ahead of mainnet, the Walrus Foundation raised $140 million in a March 2025 private token sale led by Standard Crypto, with participation from a16z crypto, Electric Capital, Franklin Templeton Digital Assets, and other investors, valuing the full 5 billion token supply at $2 billion. Initial distribution included a 4% soulbound-NFT airdrop to early Sui-ecosystem participants.
Walrus operates on the Sui blockchain and is secured by its own delegated proof-of-stake (dPoS) network of storage nodes.
WAL holders either run a storage node directly by staking WAL or delegate their tokens to a node operator. The resulting "Current Committee" of staked participants is responsible for storing and serving data on the network.
Walrus was originally developed by Mysten Labs, the team behind the Sui blockchain, founded in 2021.
Kostas Chalkias is also cited as a co-founder and Chief Cryptographer.
Walrus is maintained by two related entities: Mysten Labs, its original developer and the company behind Sui, and the Walrus Foundation.
Mysten Labs is a US-based company founded in 2021. Since the March 2025 mainnet launch, the independent Walrus Foundation has overseen the network's growth and development and ran the $140 million private token sale that preceded launch.
Walrus is governed through its delegated proof-of-stake system, in which WAL staked or delegated to node operators determines both storage-committee membership and on-chain voting power.
Token holders use this stake-weighted voting to influence protocol parameter adjustments. Treasury functions tied to network growth are overseen by the Walrus Foundation, established after the March 2025 mainnet launch.
Walrus's 2026 development priorities center on MemWal, a plugin giving AI agents long-term verifiable memory using Walrus storage, announced alongside enhanced developer experience, privacy-by-default features, and deeper Sui stack integration.
In April 2026, the project released walrus-python, a native Python SDK intended to lower the barrier for non-blockchain developers to use Walrus storage.
OtterSec audited Walrus's smart contracts covering storage, payments, and governance metadata management, dated February 25, 2025.
The audit identified 1 critical, 1 high, 7 medium, 1 low, and 4 informational findings.