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Walrus

WAL Storage Sui Ecosystem DePIN
$0.0212
-0.53% (24h)

Market Stats

Price
$0.0212
-0.53% (24h)
Market Cap
$53.1M
Volume (24h)
$5.29M
Supply
2.51B WAL
FDV
$105.78M

Shariah Analysis

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Last Screening: Q1 2024

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About Walrus

Walrus is a revolutionary decentralized storage network and application development platform built on the Sui blockchain, enabling apps to publish, read, manage, and program large-scale data files and rich media such as videos, images, audio, and PDFs. Developed by Mysten Labs, Walrus represents a new era of onchain data storage, being the first network to store any size of data onchain at scale, with high-performance reads and writes for any application. Through its Move-based smart contracts, Walrus seamlessly manages both onchain and offchain data while ensuring security, composability, and expressivity. Uploaded data is securely encoded by publishers, with metadata and proof of availability recorded on Sui. Its innovative encoding algorithm breaks data into slivers for faster access, greater resiliency, and scalability. Walrus also supports multi-chain integration, allowing builders on other blockchains such as Solana and Ethereum to leverage its infrastructure. Storage capacity is tokenized and programmable, enabling developers to trade, version, and integrate storage directly with decentralized applications. With the ability to store gigabytes of data at reasonable cost and access it anytime, anywhere, Walrus sets a new standard for decentralized storage solutions.

Consensus Mechanism

Delegated Proof of Stake