Let's take a closer look at @WalrusProtocol and @irys_xyz, which are often mentioned as smart data storage layers.
Walrus
First of all, it was created by Mistin Labs, which is building a robust SUI, and because of that background, Walrus is a protocol that finalizes on SUI rather than having its own L1. However, since it operates its own POS system, it might be reasonable to think of it as a hybrid L2.
Irys
Irys is characterized by operating its own L1. It is monolithic and can perform smart contracts, thus claiming to provide smart data storage.
Token Structure
In the case of Irys, since it has its own chain, storage, rewards, and gas fees operate with the same token, while Walrus operates using a dual token structure. Fees are paid in SUI, while storage fees and rewards are managed with the $WAL token.
Data Storage Method
Irys uses a model that permanently stores data once it is paid for, which gives it an advantage in cases where large-scale permanent storage or on-chain AI/ML is needed. In contrast, Walrus stores files in multiple pieces and assembles them when needed. It operates on a rental basis and requires extension payments. However, it is cost-effective, making it very advantageous for media or gaming assets.
In Conclusion
You probably know that Sui is taking a gain-friendly direction. Starting from Sui play, the chain itself is optimized for web3 gaming, so Walrus is also in a very good position for operations like gaming assets.
In the case of Irys, when large data is needed, it can be used in a way that involves paying once and continuously retrieving the data. Additionally, since it is pay once, it might also be suitable for photo data and video data that require permanent storage.
MSKE
💹#BTC Stamps is the most undervalued #Bitcion ecosystem protocol, and its on-chain #meme is also an undervalued value pit...
$BTC $XRP $DEEP $FLR $STPT $LTC $QNT $ABT $GAL $WAL $DOT $IOTA $MOG #RENDER $NIT $HBAR #MEMEFI $GHX $CLV
Walrus (WAL) is a decentralized digital currency leveraging blockchain technology for secure transactions.
Why invest in Walrus (WAL)?
As a decentralized currency, free from government or financial institution control, Walrus is definitely an alternative to traditional fiat currencies. However, investing, trading or buying Walrus involves complexity and volatility. Thorough research and risk awareness are essential before investing.
Find out more about Walrus (WAL) prices and information here on OKX today.
How to buy and store WAL?
To buy and store WAL, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying WAL, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.7K new posts about Walrus, driven by 834 contributors, and total online engagement reached 145K social interactions. The sentiment score for Walrus currently stands at 83%. Compared to all cryptocurrencies, post volume for Walrus currently ranks at 2413. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Walrus.
Powered by LunarCrush
Posts
1,668
Contributors
834
Interactions
145,041
Sentiment
83%
Volume rank
#2413
X
Posts
1,665
Interactions
145,038
Sentiment
84%
Walrus FAQ
What is cryptocurrency?
Cryptocurrencies, such as WAL, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as WAL have been created as well.
Can I buy WAL on OKX?
No, currently WAL is unavailable on OKX. To stay updated on when WAL becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of WAL fluctuate?
The price of WAL fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
Monitor crypto prices on an exchange
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
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