Walrus

Top 10 Percentile in at Least One Category Badge

Walrus Info

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
Tokenomics
Audited
Investor
Information

Tokenomics Rating

Rank
#271
Percentile
Top 19%
12
6
3

Tokenomics Information

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 18%

Allocation Distribution Indicators

Highlights
0
Warnings
1
Alerts
1

Distribution Fairness

Distribution Fairness Benchmarks

Deviation from Best Performers

Deviation Status

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

Deviation from Best Performers

This section analyzes whether the token distribution is balanced by comparing it to best-performing projects in the same niche.

It highlights low, medium, or high deviation levels across stakeholder groups and evaluates how closely the overall allocation aligns with proven benchmarks.

Overall Deviation Status

High

Category Score
—out of 100
Percentile
—

Governance Indicators

Highlights
3
Warnings
1
Alerts
0

Token Power

Token Power

This section analyzes who holds actual control over the circulating supply year over year, with a focus on early stages where governance risk is highest. It assesses whether the governance power 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

Inflation

Here we analyze whether inflation rates are sustainable, how balanced the vesting release schedule, how they compare with top-performing projects annually, and how this inflationary pressure might impact token value.

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

Supply Shocks

Here we track the timing and size of every supply shock, we flag high, mid, and low risk supply shocks, we showcase the exact date of the largest dilution event, and enable a heatmap visualization.

Supply Shocks Counter

0 Low Risk
1 Mid Risk
0 High Risk

Highest Supply Shock

25.1%
at Month 13

Supply Shock Information

Category Score
78.17out of 100
Percentile
Top 9%

Risk of Dilution Indicators

Highlights
1
Warnings
0
Alerts
1

Initial Float / Circulating Supply

This section assesses whether the TGE float is appropriately sized, what dilution it introduces, and how it compares to best performing projects. The float is also known as circulating supply and just because tokens are unlocked does not mean they enter circulation.

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
16.7out of 100
Percentile
Top 93%

Terms and Conditions Indicators

Highlights
1
Warnings
0
Alerts
0

Investor Round Details

Investors Terms and Conditions

Here we focus on everything that matters to public and private investors, how the rounds are structured, what your payback looks like at TGE, and how fairly the different rounds are balanced mapping entry price, unlocks, vesting terms, and overall exposure.

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
54.72out of 100
Percentile
Top 79%

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
99.75out of 100
Percentile
Top 5%

Break Even Indicators

Highlights
2
Warnings
0
Alerts
0

Break Even Analysis

Here we analyze how balanced private rounds are, which round breaks even first and which breaks even last by tracking cumulative ROI from unlocked tokens against the initial investment, and flag the month when ROI turns positive to define each project's payback period.

Fastest Rounds to Break Even

1
Investors
in 13 months

Who Breaks Even First?

Investors
in 13 months

Break-Even Analysis Chart

Category Score
63.03out of 100
Percentile
Top 5%

Token Utility Indicators

Highlights
2
Warnings
1
Alerts
2

Token Utility

This vertical evaluates whether the token has a reason to exist within the broader ecosystem, and more importantly, why the user would choose to hold it over time. In simple terms, we evaluate what value the token creates and what specific problems does it solve.

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

Value Capture and Accrual

This vertical evaluates how the protocol captures and retains value, and whether that retained value accrues back to the token. Most systems leak, where tokens flow in, users engage, but all the value flows out. And here we assess whether that value flows back into the token or not.

Value Accrual

Weak

Value Capture

Healthy

About Walrus

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.