Walrus Protocol is a project I have been following for quite some time, and I want to share some observations.

It is a protocol built on the Sui blockchain that focuses on privacy storage and decentralized data layers. The core token WAL runs throughout the entire ecosystem, covering governance, staking, dApp usage, and other scenarios. Its main goal is to make blockchain interactions more secure and private, and storage more decentralized.

The technical solutions are quite impressive. The Seal feature provides fine-grained privacy access control, the Quilt scheme significantly reduces small file storage costs, and Upload Relay optimizes the upload experience—these seemingly small details actually address real user pain points.

The funding background is also strong. Standard Crypto led a $140 million funding round, indicating that institutions are optimistic about this direction. More importantly, it has deep collaborations with leading computing power platforms like Yotta Labs and io.net, gradually becoming the default data layer for AI projects. This gives decentralized computing power real implementation support.

The ecosystem applications are already expanding. Use cases such as health data rights confirmation, carbon credit monetization, and AI model storage are not just theoretical—they are actively serving projects like CUDIS and Alkimi. Over 80,000 wallets participated in airdrops, global developers took part in hackathons, and individual users are actively deploying nodes—these data points reflect a high level of community engagement.

Security has not been neglected. They launched a bug bounty program offering up to $100,000, underwent multiple rounds of professional audits, and adopted dual protections with distributed storage and encryption technology. To date, there have been zero security incidents.

Developer friendliness continues to improve. The TypeScript SDK lowers development barriers, and deep integration with Sui makes communication between blockchain and data layers more seamless, which will definitely attract more development teams.

Overall, this project avoids hype and focuses on solving industry pain points. Its ecosystem layout is both deep and broad, with technological innovation and practical implementation capabilities. By leveraging solid technology to connect privacy storage, AI applications, and DeFi ecosystems—supported by funding, institutional partnerships, and a growing community—such infrastructure is indeed rare in Web3. It’s worth keeping an eye on.