As an important infrastructure in the Sui ecosystem, Walrus(WAL) delivered an impressive performance after its mainnet launch in March 2025. The fundraising amount reached $140 million, with a valuation of $2 billion, supported by top-tier institutions such as a16z and Franklin Templeton. On the first day of launch, it saw a maximum increase of 288%. Although the price later retraced to $0.42, this initial performance was enough to demonstrate the market’s recognition of this project.

What truly sets WAL apart from other storage tokens is its underlying Red Stuff encoding technology. This scheme is based on two-dimensional erasure coding, which fundamentally changes the cost structure of traditional decentralized storage. The difference is clear when comparing: the old method either involves full replication, which is prohibitively expensive; or uses one-dimensional erasure coding, requiring nearly the entire file to be downloaded for data recovery, resulting in extremely poor efficiency. Walrus’s solution breaks this dilemma through multi-dimensional redundancy design, reducing storage costs while significantly improving data recovery efficiency.

From an ecosystem perspective, WAL’s role in the Sui public chain is also very clear—it complements the chain’s infrastructure shortcomings. When Sui already has advantages in performance and scalability, the addition of an efficient decentralized storage layer opens up new possibilities for the entire ecosystem. Whether for NFT, on-chain application data storage, or more complex ecological scenarios, there is now better technical support. This is not just pure capital operation, but a genuine functional demand.