Walrus is a decentralized storage project built on the Sui blockchain, and its main goal is simple: store data faster, cheaper, and more securely without depending on big centralized companies. It’s designed for modern Web3 needs like AI datasets, NFTs, media files, apps, and anything that requires heavy data. The idea is that developers can build on Walrus using easy APIs and smart contract features, while users get storage that is verifiable, protected, and made for the future.
The WAL token is what powers the whole system. People use WAL to pay storage fees, and those fees help fund rewards for storage nodes over time. WAL is also used for staking, meaning token holders can delegate their WAL to support storage nodes and earn rewards. Governance is another major part, where WAL holders will eventually vote on important decisions like economic rules and network upgrades. On top of that, Walrus includes a burn system in some transactions, which is meant to slowly reduce supply and add long-term deflation pressure.
In terms of token supply, WAL has a maximum supply of 5 billion tokens. As of early 2026, the circulating supply is estimated to be around 1.25 to 1.60 billion. A huge portion of the supply, more than 60%, is reserved for community rewards, incentives, grants, airdrops, and overall ecosystem growth. That’s one of the main reasons why the community side of Walrus keeps expanding fast.
Right now, WAL is actively traded on major platforms, and the price usually moves around the $0.08 range, sometimes slightly higher depending on the day. The market cap is around $125 to $135 million, with a circulating supply close to 1.6 billion. The all-time high is still far above current price levels, going past $0.75 at its peak. Since prices and rankings change constantly, most traders check CoinGecko or CoinMarketCap to see the latest live updates.
Walrus has also been moving quickly in development. Its mainnet officially launched on March 27, 2025, after reportedly raising around $140 million from major investors like a16z and Electric Capital. Since then, the project has continued to ship updates and expand its storage features, including programmable storage and tools for secrets management. It’s not just “another storage coin” anymore it’s becoming an actual infrastructure layer for Web3 and AI-based applications.
On the exchange side, WAL has been listed on major platforms including Binance Spot and Binance Alpha since around October 2025. The project has also been gaining more attention lately because of rumors and market movement around potential additional listings in February 2026. Whether that happens or not, WAL has clearly become one of the most watched storage projects in this cycle.
One of the biggest community drivers right now is the Binance Square CreatorPad campaign. This campaign launched around January to February 2026 and offers a total of 300,000 WAL in rewards. The system works like a competition where the top 100 creators split 70% of the reward pool, while the remaining eligible participants share the other 30%. Binance also mentioned that leaderboard points are being updated with delays, and activity is calculated on a rolling basis. Users earn points by completing tasks like following official Walrus accounts, posting Walrus-related content, and engaging with the campaign.
The ecosystem side is also heating up. More developers and brands are building on Walrus for AI storage, NFTs, and even larger enterprise-level use cases. Community programs like hackathons, incentives, and builder grants have also played a big role in keeping momentum alive. There’s also growing institutional interest, with some financial products and trust-style vehicles reportedly being created around WAL, which is usually a sign that bigger players are starting to pay attention.
Overall, Walrus is not just hype it’s a working storage protocol with real token utility, active trading, and an expanding ecosystem. The WAL token is used for payments, staking, and governance, and the community growth is being boosted heavily through rewards and campaigns. With Binance CreatorPad pushing creator attention and more partnerships forming, Walrus is quietly building the kind of foundation that can explode when the market fully wakes up.
@Walrus 🦭/acc $WAL #walrus