Walrus token
Overview
Walrus (WAL) is a decentralized storage protocol built on the Sui blockchain. It uses cryptographic erasure coding to ensure data redundancy and availability. The WAL token is used for paying storage fees and for staking by storage nodes.
Within the DeFi Intel graph, Walrus connects to 1 tracked entity, most strongly to Sui.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Sui | 90% |
Frequently asked questions
What is Walrus?
Walrus (WAL) is a decentralized storage protocol built on the Sui blockchain.
What chain does Walrus run on?
Walrus is deployed on the Sui blockchain.
What is the WAL token used for?
The WAL token is used for paying storage fees and for staking by storage nodes.