Checking in on Walrus ($WAL)
Hey everyone. Wanted to share a quick update on Walrus ($WAL) over on the Sui network. It's a project I have been keeping an eye on.
The price isn't making huge headlines right now, but sometimes that's when the real work gets done. As of today, $WAL is sitting around $0.145. It's actually up a little bit in the last day, which shows it's holding its ground pretty well after a rocky start to the year.
A few things stand out to me here.
The trading volume is decent, floating between $10 and $24 million. That tells me there's genuine interest and a real market here not just empty speculation.
The tech is getting serious recognition. Andreessen Horowitz (a16z) just named Walrus in their big 2026 outlook as a key piece for privacy and AI infrastructure. That's a major signal. It means smart money sees the fundamental value in what they're building, not just the token.
So how does it work? Instead of the old, clunky method of just copying data a bunch of times (which wastes space and money), Walrus uses this clever tech called RedStuff erasure coding. Think of it as a much smarter and leaner way to keep data safe and accessible. It gets the same job done while using like 4 or 5 times less redundant data than the older guys. That's a massive efficiency win.
And people are actually using it. This isn't just theory. It's becoming the preferred storage for Pudgy Penguins NFTs, and more gaming projects on Sui are starting to build with it for their in-game assets.
Look, the mainnet is still young—it only went live in March of last year. But the pieces are all there. The foundation is solid and you can feel the momentum starting to build quietly in the background.
My two cents? $WAL feels less like a flashy meme coin and more like essential, behind-the-scenes infrastructure that's slowly becoming part of Sui's core. The price might be chill, but the progress isn't.
What's your take on it? Could this efficient data storage niche be a quiet winner this cycle?
