Walrus

Walrus is a developer platform built on the Sui blockchain that aims to make data storage trustworthy, verifiable, and monetizable for builders, AI systems, and organizations. The problem it addresses is that most data today sits unused or cannot be verified for accuracy, which limits AI applications and digital economies. It targets developers who want to build data markets, companies seeking new revenue streams from their data, and researchers needing reliable datasets.

Walrus operates within the Sui ecosystem as a decentralized storage layer; the consensus algorithm is not recorded in the available data. The WAL token functions inside the protocol to facilitate access to storage and participation in data markets, though the precise staking or governance mechanics are not detailed in the stored data. No block time is recorded, as the value stored is zero, which may reflect its reliance on Sui's underlying infrastructure rather than an independent chain.

Walrus generated fees of 95 dollars in the most recent 24-hour period, 839 dollars over the trailing 7 days, and 3,906 dollars over the trailing 30 days, with trailing 12-month fees of 116,389 dollars. The protocol's take rate is 100 percent over the trailing 30 days, meaning supply-side revenue — the share flowing to storage providers or other participants — was zero dollars over that same period, so all fees collected were retained by the protocol itself. Annualized revenue based on the trailing 30 days stands at 47,523 dollars, and fee growth over the last 30 days was negative 14.41 percent. The market cap to annualized fees ratio is 2,347.64 and the fully diluted valuation to fees ratio is 4,484.87, both calculated against the trailing 30-day annualized figure.