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

According to relevant media reports, Walrus secured $140 million in funding on March 20, 2025. The investment round was led by prominent 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 binary file storage. The project is dedicated to providing 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 market demand for efficient and reliable decentralized storage infrastructure.Following the funding, Walrus rapidly advanced its project milestones. On March 27, 2025, the Walrus mainnet officially launched, and WAL tokens began trading immediately. The project subsequently continued to optimize network performance, implementing network expansion and performance upgrades on October 1, 2025. Walrus also achieved progress in ecosystem development, with WAL listed on major exchanges and multiple rounds of community airdrops to reward users. Additionally, the project introduced activities such as the WAL trading challenge to promote community engagement and token liquidity.The success of this funding round signifies broad recognition from the capital markets for the decentralized storage sector. As demand for data storage from Web3 applications continues to grow, projects like Walrus that provide efficient and cost-effective storage solutions are expected to become key components of the infrastructure layer in the future.