Imagine a storage system where users are no longer driven by volatile coin prices, and payment costs remain consistently stable—this is the core value of the WAL token within the Walrus ecosystem.

As the native asset of the Walrus protocol, WAL carries two main missions: decentralized storage and private transactions, built on the technical foundation of the Sui blockchain. Its most straightforward use is simple: you upload large files to the distributed network? Just pay with WAL. But there’s a clever design here—the protocol incorporates a cost anchoring mechanism that links storage fees to fiat currency value. In other words, even as the crypto market fluctuates wildly, your payment costs stay within expected levels, making it a highly practical solution in the DeFi space.

Beyond payment functions, WAL holders can participate in ecosystem dApp interactions, community governance voting, and staking mining, effectively serving as a multifunctional ecosystem pass.

Economically, Walrus’s design is quite sophisticated: the total supply is locked at 500 million tokens, ensuring scarcity from the source; token distribution favors early contributors, community participants, and the foundation, balancing the interests of early adopters with long-term incentives. More interestingly, when the ecosystem’s storage demand surges, the system will automatically activate a token burn mechanism to dynamically reduce circulating supply, creating a deflationary effect—this reverse support logic is much deeper than traditional DeFi tokens’ purely financial attributes because WAL is tightly bound to actual storage resources.