There is a project focused on distributed storage in the Sui ecosystem called Walrus Protocol, developed by Mysten Labs. This protocol uses erasure coding technology, splitting data into fragments and storing them on different nodes, which significantly improves efficiency over traditional solutions. Interestingly, it only requires 4-5 times data redundancy to ensure availability, making storage costs 80 to 100 times cheaper than Filecoin and Arweave—this gap is indeed astonishing.

In terms of funding, Walrus completed a $140 million funding round in March 2025, valuing the project at $2 billion. Led by Standard Crypto, with top-tier institutions like a16z and Electric Capital participating, indicating market recognition of this track.

Regarding token design, WAL is the native asset with a total supply of 5 billion tokens, over 60% of which are allocated to the community for airdrops, developer incentives, and ecosystem development. Interestingly, Walrus is closely tied to Sui—each data storage transaction consumes SUI as gas fee, creating a deflationary positive feedback loop. According to the project's projections, if storage reaches 1EB, approximately 240 million SUI will be burned annually, accounting for about 15% of the circulating supply. From this perspective, Walrus's growth directly benefits the ecological value of SUI.