WalrusPrice(WAL)
Details Walrus (WAL) Price information (USD)
The current real-time price of WAL is $0.0690. In the past 24 hours, WAL has traded between $0.0691 and $0.0730, showing strong market activity. The all-time high of WAL is $0.8742, and the all-time low is $0.0653.
From a short-term perspective, the price change of WAL over the past 1 hour is
Walrus (WAL) Market Information
Walrus (WAL) Today's Price
The live price of WAL today is $0.0690, with a current market cap of $158.426M. The 24-hour trading volume is 7M. The price of WAL to USD is updated in real time.
Walrus (WAL) Price History (USD)
What is WALRUS (WAL)?
When is the right time to buy WAL? Should I buy or sell WAL now?
Before deciding whether to buy or sell WAL, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s WAL technical analysis can provide you with trading references.
Future price trend of WAL
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for WAL.
How much will WAL be worth tomorrow, next week, or next month in ? What about your WAL assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! WAL Price Prediction
How to buy WALRUS (WAL)
Convert WAL to local currency
WAL Resources
To learn more about WAL, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
sui | 0x53e1...5bf712  | 707.051M | 14.14% |
sui | 0x3f93...094e9a | 700.000M | 14% |
sui | 0xb318...79f1f6 | 600.000M | 12% |
sui | 0xf010...c6ce82 | 600.000M | 12% |
sui | 0x2f69...c5668d | 490.000M | 9.8% |
Other | 1.902B | 38.06% |
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WALRUS (WAL) FAQ
What is Walrus (WAL) and what problem does it solve in the Web3 space?
Walrus (WAL) is a decentralized data management platform operating on the Sui blockchain. Its core mission is to empower developers and users with secure, verifiable, and monetizable data solutions for AI and Web3 applications. By fostering trustless data markets, Walrus addresses the need for robust and transparent data handling, ensuring data integrity and ownership in the decentralized digital economy.
Can you explain the technical architecture and underlying technology of the Walrus platform?
Walrus utilizes the Sui blockchain for scalable metadata storage and ensuring data availability proofs. Its unique 'Red Stuff' encoding algorithm enhances data resilience and efficiency by fragmenting data into smaller, manageable pieces. The platform provides features such as erasure coding, programmable storage, and customizable storage durations. Furthermore, Walrus supports cross-chain compatibility with major networks like Ethereum and Solana, allowing for broader interoperability within the Web3 ecosystem.
What are the primary use cases and utility functions of the WAL token within its ecosystem?
The WAL token is fundamental to the Walrus ecosystem, serving multiple critical utilities. It is used for staking, enabling holders to secure the network and participate in its delegated Proof-of-Stake governance model. WAL also functions as the native currency for transaction fees and data storage payments on the platform. Additionally, it acts as an incentive mechanism, rewarding storage nodes for their contributions to data availability and integrity.
What is the total supply and distribution model for the WAL token?
The Walrus token (WAL) has a total supply capped at 5 billion tokens. Its distribution strategy is designed to foster community growth and project development. Key allocations include 10% for user airdrops, a substantial 43% for a community reserve, 7% for investors, and 30% designated for core contributors. An additional 10% is allocated for subsidies to storage nodes, ensuring network participation and operational stability.
Does the Walrus ecosystem include any token burning mechanisms, and how do they function?
Yes, the Walrus ecosystem integrates several burning mechanisms to manage token supply and reinforce network health. Firstly, a portion of WAL tokens is burned with every data transaction, contributing to deflationary pressure. Secondly, penalty fees incurred from short-term stake shifts are partially burned. Lastly, if a node underperforms, its staked WAL tokens are subject to slashing, with a portion of these penalties also being burned. These mechanisms collectively aim to enhance network security and token value.
Which other projects operate in a similar space, and how does Walrus differentiate itself?
Walrus operates in the competitive landscape of decentralized storage solutions. It distinguishes itself by leveraging the Sui blockchain for scalable metadata and proofs of data availability, alongside its unique 'Red Stuff' encoding algorithm for data resilience. While competing with various other projects in this domain, Walrus focuses on creating trustless data markets specifically tailored for AI and Web3 applications, offering distinct features like cross-chain compatibility, programmable storage, and flexible storage durations.
