There is a rarely noticed number—last year, Walrus handled over 800TB of data behind the scenes. To put it another way, it's equivalent to storing the entire English version of Wikipedia 80 times.

While the community is still arguing over who is the true "storage leader," this project has already spoken with its products. $140 million in funding has been secured, the mainnet is officially live, and it has been gradually listed on several top-tier exchanges.

**In the face of data, everything is very real**

Regarding token prices, WAL is currently trading at $0.146, with a total market cap of $231 million, ranking 153rd on CMC. It may seem quiet, but compared to infrastructure projects launched at the same time, this valuation appears unusually stable.

What about trading volume? The 24-hour trading volume remains around $18.05 million. There’s no massive hype or speculation, but liquidity remains consistently available. What does this indicate? The market is genuine, and people are actually using it, not just speculative hot money.

The funding figures speak the loudest—$140 million, with institutional investors pouring in real cash. They are investing in real technology deployment and ecological positioning, not just stories.

**The product year of 2025**

For Walrus, last year marked the turning point from paper plans to real-world applications.

The mainnet went live. Moving from the testnet to the real battlefield, that 800TB of data is not just a test figure; it reflects actual demand generated by real applications.

SEAL's programmable privacy features were also launched. Storage is no longer just "storing once," but programmable with privacy controls.

The Quilt batch storage solution is also online. Through technological innovation, it directly reduces the storage cost of small files by over 100 times—an actual benefit for developers.

**The next stage: a key question**

The challenge for 2026 is verifiability. How to make everything stored verifiable will determine the next level of ecological imagination.