Walrus

Walrus is a decentralized storage and developer platform designed to make data trustworthy, verifiable, and monetizable, with a particular focus on the needs of artificial intelligence applications and data markets. It sits within the Sui ecosystem and is classified as infrastructure, meaning it is intended to serve as a foundational layer that other applications and protocols build on top of. The problem it claims to address is that most data today is either unused or untrusted, which limits what AI systems and digital economies can reliably do with it.

Walrus operates as a storage protocol within the Sui ecosystem, and the WAL token functions as the native asset of that system, though no consensus algorithm or block time is recorded in the available data. The protocol's take rate for the trailing 30 days is recorded at 100 percent, meaning all fees collected over that period are retained as protocol revenue rather than distributed to a supply side. Approximately 50.2 percent of the maximum supply of 5 billion WAL tokens is currently in circulation, with the remainder not yet issued.

Walrus collected 8,720 US dollars in fees over the trailing 30 days and 118 US dollars in the most recent 24-hour period, with an annualized fee figure of 106,093.33 US dollars derived from that 30-day window. Supply-side revenue for the trailing 30 days is recorded at zero, meaning no portion of collected fees flowed to storage providers or other network participants during that period, consistent with the 100 percent take rate. Fee growth over the last 30 days is recorded at negative 87.5 percent, indicating a sharp decline in fee activity compared with the prior period. The market capitalization divided by annualized fees stands at 562.58, and the fully diluted valuation divided by annualized fees stands at 1,120.59.