#walrus $WAL Walrus (WAL) is a decentralized storage protocol built on the Sui blockchain, designed by Mysten Labs to handle large data "blobs" like videos, AI datasets, and gaming assets. Unlike traditional cloud services, Walrus uses a unique "Red Stuff" encoding algorithm that breaks data into small fragments, ensuring that a file can be fully reconstructed even if up to two-thirds of the storage nodes go offline.