Walrus to Launch Quilt Batch Storage Solution on February 20, 2025

According to relevant media reports, decentralized storage and data availability protocol project Walrus secured $140 million in financing on March 20, 2025. The investment round included prominent institutions such as Standard Crypto, Andreessen Horowitz, Electric Capital, Karatage, Comma3 Ventures, Franklin Templeton, Lvna Capital, Protagonist, RW3 Ventures, and Raptor Group.Walrus is a decentralized storage and data availability protocol specifically designed for large binary files (blobs). The project is dedicated to providing robust and cost-effective solutions for storing unstructured content on decentralized storage nodes, ensuring high availability and reliability even in the presence of Byzantine faults. As the blockchain ecosystem continues to evolve, the demand for efficient and secure data storage solutions is increasing. Through its innovative technology, Walrus addresses a significant market gap and provides essential infrastructure support for the industry.Following the financing, Walrus accelerated its project development. On March 27, 2025, the Walrus mainnet officially launched, and WAL tokens began trading. Subsequently, the team carried out network expansion and performance optimization in October, enhancing system processing capacity. On October 9, Walrus was listed on the Alpha section of major exchanges, and from October 10 to 24, the project hosted a trading challenge to further boost market activity. In addition, the team distributed airdrop rewards to WAL stakers and encouraged community participation through an NFT mechanism. These initiatives underscore Walrus’s commitment to ecosystem development and user value creation.