Walrus Tokenomics

Pre-Investment Audit Scope Badge
Top 10 Percentile in at Least One Category Badge

WAL Overview & Token Details

Discover Walrus $WAL Tokenomics: Powering decentralized, efficient, and scalable data storage for media, AI datasets, and blockchain history at low cost.

Ticker
$WAL
Listing Price
$0.4
Total Supply
5,000,000,000
Niche
  • Infrastructure
  • DePIN
TGE Date
2025-03-27
Tier 2
Tokenomics
Pre-Investment
Audit
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#378
Percentile
Top 19%
11
6
4
Economic Policies
87.75
Investment & Valuation
58.77
Utility & Value Flow
63.03
Liquidity & Market Making
-
Distribution Fairness
86.23

Tokenomics Structure (Token Supply, Allocation & Vesting Overview)

Allocation Distribution

Pool Name
Percentage
Vesting Information
Community Reserve43.00%32.1% at TGE , 96 Month Linear Vesting
Early Contributors20.00%12 Month Cliff, 36 Month Linear Vesting
Mysten Labs10.00%10.0% at TGE , 60 Month Linear Vesting
Subsidies10.00%50 Month Linear Vesting
Investors7.00%12 Month Cliff, 1 Month Linear Vesting
Future User Drop6.00%100.0% at TGE
Initial Airdrop4.00%100.0% at TGE
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Showing 1-7 out of 7

Category Score
86.23out of 100
Percentile
Top 17%

Allocation Distribution Indicators

Highlights
0
Warnings
1
Alerts
1

Distribution Fairness

Token Allocation Benchmarks (vs Top Projects)

Token Allocation Deviation Analysis

Deviation Status

Public Sale
-6.6%
Medium
Community
+22.5%
High
Foundation
-12.1%
High
Insiders
+8.0%
Medium
Investors
-11.7%
High

Token Allocation Deviation Analysis

This section evaluates how Walrus allocates its token supply compared to leading Infrastructure projects. It measures deviation across key stakeholder groups and determines whether the allocation aligns with proven benchmarks. The analysis helps assess whether WAL follows a fair and balanced distribution structure or introduces concentration risks.

Overall Deviation Status

High

Category Score
out of 100
Percentile

Governance Indicators

Highlights
2
Warnings
1
Alerts
1

Token Power

Token Governance Concentration Analysis

This section analyzes who holds actual control over the Walrus circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power of WAL is centralized or decentralized, and flags any dominance by insiders or investors.

Token Control Status

Launch
Decentralized
Year 1
Decentralized
Year 2
Decentralized
Year 3
Decentralized
Year 4
Semi-Centralized

Insider Dominance Test

Failed

Investor Dominance Test

Passed

Category Score
94.88out of 100
Percentile
Top 3%

Inflation Indicators

Highlights
3
Warnings
1
Alerts
0

Emission Type

Circulation

Token Inflation (Annual Analysis)

This section analyzes whether WAL token inflation is sustainable over time. We compare annual emission rates against top-performing projects, assess how balanced the vesting and unlock schedules are, and evaluate how inflationary pressure may affect long-term token value, circulating supply growth, and investor dilution.

Year 1 Inflation

25.4%

Year 2 Inflation

43.7%

Year 3 Inflation

14.1%

Year 4 Inflation

12.4%

Inflation YoY

Category Score
85.4out of 100
Percentile
Top 13%

Supply Shock Indicators

Highlights
0
Warnings
1
Alerts
0

Emission Type

Circulation

Monthly Supply Shocks

Token Unlock & Dilution Events

This section tracks every WAL token unlock and dilution event across the full vesting timeline. We quantify the size and timing of each release, classify dilution risk levels (low, medium, high), and highlight the largest unlock event by date and percentage of total supply. Charts help understand emission pressure and anticipate potential supply shocks.

Supply Shocks Counter

0 Low Risk
1 Mid Risk
0 High Risk

Highest Supply Shock

25.1%
at Month 13

Detailed Information

Category Score
78.17out of 100
Percentile
Top 10%

Risk of Dilution Indicators

Highlights
1
Warnings
0
Alerts
1

Token Emission, Float and Circulating Supply Analysis

This section evaluates the circulating supply and emission schedule of WAL, focusing on its initial float at TGE, its dilution profile over time, and how these levels compare with top-performing projects.

Initial Float

23.80%

Best Performer Float

12.34%

Team Float Control

83.2%
Low Control
Mid Control
High Control
At launch, the team controls 83.2% of the circulating supply, reducing the real initial float to 4.00%.

Circulating Token Supply (YoY)

Vesting Release Schedule

Category Score
58.77out of 100
Percentile
Top 79%

Terms and Conditions Indicators

Highlights
1
Warnings
0
Alerts
0

Investor Round Details

Token Sale Terms and Vesting Details

This section reviews all investor fundraising rounds for Walrus and the token purchase terms attached to WAL. It compares entry price, unlock structure, vesting length and if terms align with market standards.

Vesting Details

Hover to see the details.
Investors

Target Hardcap

$140.0M
7.0%
93.0%
Walrus is selling 7.0% of its total token supply to investors in order to raise $140.0M in funding.

Category Score
24.77out of 100
Percentile
Top 98%

Valuation Indicators

Highlights
1
Warnings
1
Alerts
1

Valuation Comparison

This section compares the tokens valuation and performance to other projects within the same niche. It includes ROI benchmarks from the past year, the last 15 launches, and the top 5 competitors.

Niche ROI (Past Year Infrastructure)

-30.21%

Niche ROI (Last 15 Infrastructure)

-48.82%

Project FDV Status

Overvalued
Under
Fairly Valued
Over
Walrus is listing at 580.1% higher FDV compared to benchmark listing and current valuation averages.

Valuation Comparison

Valuation (FDV vs VDV)

We compare investor valuations using both Fully Diluted Valuation (FDV) and Vested Diluted Valuation (VDV) models to assess pricing from two key perspectives. The round that ranks highest across both valuation models is considered the best-valued round.

Preferred Round

Investors
Best
Out of 1
1
Ranked 1st by VDV
1
Ranked 1st by FDV

Rounds Ranked by FDV

1
Investors
$2.0B FDV

Rounds Ranked by VDV

1
Investors
$747.1M VDV

Investor FDV vs VDV

VDV Valuation Model

Category Score
99.92out of 100
Percentile
Top 3%

Break Even Indicators

Highlights
2
Warnings
0
Alerts
0

Break-Even Analysis

This section evaluates how fast investors recover their initial capital across Walrus's private rounds. We track cumulative ROI from token unlocks, identify which rounds break even first or last, and pinpoint the month when ROI becomes positive to assess payback speed and round attractiveness.

Fastest Rounds to Break Even

1
Investors
in 13 months

Who Breaks Even First?

Investors
in 13 months

Break-Even Analysis Chart

Category Score
78.25out of 100
Percentile

Token Utility Indicators

Highlights
2
Warnings
1
Alerts
2

Token Utility Overview

This section analyzes whether the WAL token has a clear economic role within the ecosystem, and more importantly, why users would hold it over time instead of treating it as a purely speculative asset. We evaluate what utility the token provides, which functions it enables, and how it solves real problems across the network.

Utility Score

78.25
Excellent

Value Flow

Healthy
Utility Type
Status
Description
Governance
Governance for Walrus adjusts the parameters in the system.
Security (Proof of Stake)
Delegated Staking of WAL tokens underpins Walrus’ security.
Medium of Payment
WAL is the payment token for storage on the Walrus protocol.
Access / Feature Unlock
Token is not required to access features, or tiers in a protocol.
Medium of Exchange
Not used to pay network gas or internal protocol fees.
Showing 1-5 out of 5

Category Score
55.415out of 100
Percentile

Value Capture Indicators

Highlights
2
Warnings
1
Alerts
2
Value Accrual
Status
Description
Token Burn
Penalty fees from short-term stake shifts and slashing are partially burnt.
Fee Redistribution
A portion of penalty fees from short-term stake shifts is redistributed to long-term stakers.
Slashing
Staking with underperforming storage nodes leads to slashing.
Buyback and LP
No mechanism for buying back and LPing tokens.
ve-Token Models
No ve-token (vote-escrow) governance or locking model.
Showing 1-5 out of 6

Token Buybacks, Burns & Value Accrual

This section is one of the most important layers: it analyzes whether Walrus (WAL) captures and retains on-chain value and how effectively that value flows back to the token. We examine fee redistribution, staking rewards, buyback mechanisms, burn models, and whether the protocol creates real token sinks that reduce sell pressure over time.

Value Accrual

Weak

Value Capture

Healthy

WAL Tokenomics FAQ – Key Questions About Walrus

What is the utility of the WAL token?

Walrus has 3 primary token utilities:

  • Governance: Governance for Walrus adjusts the parameters in the system.
  • Security (Proof of Stake): Delegated Staking of WAL tokens underpins Walrus’ security.
  • Medium of Payment: WAL is the payment token for storage on the Walrus protocol.

What is the token allocation for WAL?

Walrus token distribution allocates 5,000,000,000 WAL across 4 primary stakeholder groups:

  • Community: 53.00% (Community Reserve 43.00%, Future User Drop 6.00%, Initial Airdrop 4.00%)
  • Insiders: 30.00% (Early Contributors 20.00%, Mysten Labs 10.00%)
  • Foundation: 10.00% (Subsidies 10.00%)
  • Investors: 7.00% (Investors 7.00%)

What is the vesting schedule for WAL?

WAL uses variable cliffs and vesting schedules that change depending on the allocation:

  • Community Reserve: 32.1% at TGE , 96 Month Linear Vesting
  • Early Contributors: 12 Month Cliff, 36 Month Linear Vesting
  • Mysten Labs: 10.0% at TGE , 60 Month Linear Vesting
  • Subsidies: 50 Month Linear Vesting
  • Investors: 12 Month Cliff, 1 Month Linear Vesting
  • Future User Drop: 100.0% at TGE
  • Initial Airdrop: 100.0% at TGE

How many WAL tokens unlock at TGE?

24.8% of the total supply (1,240,000,000 WAL) is unlocked at TGE, with the tokens split between Community and Insiders.

What is the total supply and circulating supply of WAL?

Walrus has a total supply of 5,000,000,000 WAL, of which 1,468,898,070 WAL (29.4% of total) is currently circulating.

What is the token emission schedule for WAL?

Total length of the full Walrus emission schedule is 9 years, with 31.99% released in Year 1, while the remaining 68.01% is released over the following 8 years.

What are the investor terms for WAL private and seed rounds?

Walrus has 1 investor round, with the following investment price and vesting:

  • Investors: priced at $0.40, with 12 Month Cliff, 1 Month Linear Vesting

What percentage of WAL is allocated to the community?

53% of the Walrus supply is allocated to community focused pools such as Community Reserve, Future User Drop, and Initial Airdrop.

What is Walrus (WAL)?

Walrus is an innovative decentralized data storage platform uniquely designed to merge security, efficiency, and scalability for modern storage needs. With its $WAL token at the core, Walrus enables users to store vast quantities of large files, including media, AI datasets, and blockchain history, at a fraction of traditional storage costs. The platform’s tokenomics support its robust infrastructure, incentivizing network participants like storage providers and ensuring optimal performance through seamless token-powered operations. Key features of Walrus include high-performance storage with rapid read/write capabilities, making it ideal for data-intensive applications across industries. From developers handling AI and machine learning datasets to enterprises requiring secure blockchain archival solutions, Walrus offers a versatile and resilient storage environment. The platform also incorporates programmable storage options, allowing users to buy, trade, and version their stored resources, backed by the flexibility and utility of the $WAL token. The $WAL token functions as the backbone of the ecosystem, facilitating secure transactions, rewarding contributors, and maintaining decentralized governance. Designed with an efficient economic model, $WAL ensures balanced incentives to promote long-term network health while minimizing storage costs for users. This positions Walrus as a competitive player in the decentralized storage market, offering an eco-friendly and cost-effective alternative to traditional centralized providers. Whether you’re securing sensitive media files, scaling storage for AI innovation, or preserving blockchain data, Walrus redefines decentralized storage with its revolutionary architecture and tokenomics. Join the Walrus ecosystem today to experience fast, affordable, and versatile storage solutions powered by $WAL.

This tokenomics data is maintained by Tokenomics.com and updated automatically from our analytics engine.

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