The native token of the Walrus protocol serves as an ecosystem governance and utility tool, supporting the entire economic system in the fields of decentralized storage and privacy finance. Storage service users need to pay tokens to gain data storage permissions, creating a direct demand foundation; while node operators provide storage capacity through token staking, earning a share from the protocol and network incentives. This bidirectional incentive model enhances the network's security and stability.

At the governance level, token holders have real decision-making power—they can propose and vote on adjustments to fee structures, incentive mechanisms, and the use of the ecosystem fund. This participatory governance ensures that the project's development direction is truly community-driven. The staking mechanism also plays a key role: a large amount of tokens are locked in staking, directly reducing market circulation, which exerts upward pressure on the price.

From an ecosystem development perspective, more and more DApps are migrating their storage layers to Walrus, meaning the demand for the ecosystem token will grow exponentially. Built on high-performance blockchains like Sui, Walrus naturally possesses competitive advantages such as low-cost storage and privacy transactions. The token, as the connecting link of all this, has the opportunity to capture the value generated throughout the entire ecosystem growth process. For long-term participants, the combination of staking rewards and governance rights offers a chance to share in the protocol's growth dividends.