Walrus Protocol, a decentralized storage solution within the Sui ecosystem, launched its mainnet on March 27, 2025, backed by $140 million in funding from firms including Standard Crypto and Andreessen Horowitz (a16z). The protocol's native token, $WAL, was a focal point during its launch, with an airdrop valued at $2,500 distributed to early adopters. As the first decentralized storage protocol on the Sui network, $WAL has garnered attention, trading at approximately $1.00 shortly after its debut. Users are actively engaging with the token on platforms like Bluefin, which is currently hosting a trading competition with a prize pool of $25,000, running until April 10. Additionally, Scallop has increased the borrowing limits for $WAL to 18 million tokens, allowing users to earn rewards through lending. The launch of Walrus Protocol is seen as a pivotal moment for decentralized data storage solutions in the Web3 space.