Walrus Secures $140 Million in Funding on March 20, 2025

According to media reports, decentralized storage protocol Walrus secured $140 million in funding on March 20, 2025. Investors in this round include 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 (also referred to as "blobs"). The project aims to provide robust and cost-effective storage solutions for unstructured content on decentralized storage nodes, while ensuring high availability and reliability even in the presence of Byzantine faults. This innovative approach addresses the urgent demand within the Web3 ecosystem for large-scale, high-reliability data storage.Following this funding round, Walrus accelerated project development. Just one week later, on March 27, 2025, the Walrus mainnet officially launched, and the WAL token began trading on major exchanges. Subsequently, the project team continued to optimize network performance, completing network expansion and performance upgrades on October 1, 2025. On October 9, WAL was officially listed in the Alpha segment of major exchanges, further expanding the project's influence.Walrus has also excelled in community operations. On August 22, 2025, the project team distributed the second phase of airdrops to WAL stakers, which could be claimed via NFT. Additionally, from October 10 to 24, major exchanges launched a WAL trading challenge, further boosting market participation. These initiatives underscore Walrus's development potential as a key player in the decentralized storage sector.