Walrus Secures $140 Million Financing on March 20, 2025

According to relevant media sources, decentralized storage protocol Walrus completed a $140 million financing round on March 20, 2025. The round was jointly participated in by renowned investment institutions including 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 users with a robust and cost-effective solution for storing unstructured content on decentralized storage nodes, while ensuring high availability and reliability even in the presence of Byzantine faults. In an era of growing data storage demand, Walrus addresses gaps in the decentralized storage sector, offering new approaches to large-scale data storage challenges.Since its financing, the Walrus project has progressed smoothly. On March 27, 2025, the WAL token officially launched for trading alongside the Walrus mainnet going live. Subsequently, on October 1, 2025, the project implemented network expansion and performance optimization to enhance user experience. On October 9, 2025, WAL was listed on spot trading platforms of mainstream exchanges and initiated a trading challenge event, further expanding the project's market influence. Additionally, Walrus introduced a token airdrop program to reward WAL stakers, with the second phase of airdrops already distributed. The project's rapid development and increasing market recognition mark new opportunities for growth in the decentralized storage sector.