According to relevant media reports, decentralized storage protocol Walrus secured $140 million in financing on March 20, 2025. Investors in this 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 designed specifically for large-scale binary file storage. The project aims to provide robust and cost-effective solutions for decentralized storage nodes, ensuring high availability and reliability of unstructured content in Byzantine fault-tolerant environments. As blockchain applications continue to expand, demand for large-capacity, low-cost decentralized storage is rising. The launch of Walrus fills a market gap and provides critical infrastructure support for Web3 applications.Since the financing round, Walrus has developed rapidly. On March 27, 2025, the Walrus mainnet officially went live and initiated WAL token trading. On October 9, WAL was listed on major exchanges and subsequently launched a trading challenge, further increasing the project's market visibility. Additionally, in October, the project team completed network expansion and performance optimization and distributed the second phase of airdrop rewards to WAL stakers, demonstrating strong project growth and a commitment to the community.