Walrus Secures $140 Million Financing on March 20, 2025

According to relevant media sources, decentralized storage protocol Walrus secured $140 million in financing on March 20, 2025. Investors in this round include Standard Crypto, Andreessen Horowitz, Electric Capital, Karatage, Comma3 Ventures, Franklin Templeton, Lvna Capital, Protagonist, RW3 Ventures, Raptor Group, and other well-known institutions.Walrus is a decentralized storage and data availability protocol specifically designed for large binary file storage. The project aims to provide robust and cost-effective solutions for unstructured content on decentralized storage nodes, ensuring high availability and reliability even in the presence of Byzantine faults. This innovative design addresses the unmet demand for large file storage in the current decentralized storage market.Walrus has achieved rapid progress, launching its testnet in October 2024, followed by its mainnet launch and commencement of trading on March 27, 2025. The project continues to optimize network performance and completed network expansion and performance upgrades on October 1, 2025. The WAL token is listed and traded on major exchanges, with ongoing incentive programs such as trading challenges further advancing ecosystem development. Additionally, the project team distributed second-phase airdrop rewards to WAL stakers, with community participation continually increasing.