The long-stablecoin $WAL has also bloomed, it almost burst for me this morning when it dropped below 0.37.
The contract martingale strategy is quite suitable for Walrus, the holding cost is now less than 0.4, while the same funds and positions in the grid are lagging behind significantly.
Gordon
I hope you paid attention, Anon.
$WAL
Gordon
$WAL on $SUI is near the BOTTOM of its wedge.
Ignore these entries at your own peril.
Bids like this are what give you SOLID returns.
Yet 95% of people will fade it.
∑: Baeko백호🍓
Cost Structure and Economics of Walrus Protocol
Walrus Protocol is a decentralized storage and data availability protocol operating on the Sui blockchain, designed to store large files at a low cost. All data stored in the Walrus Protocol is public and represented as objects managed on the Sui chain, allowing for actions such as checking storage duration or deletion through smart contracts.
The costs incurred in the process of storing data in the Walrus Protocol arise from four elements.
First, resources are contracted to store data in the Walrus Protocol. WAL tokens can be paid to purchase resources or transferred from other users. Next, to upload data to Walrus, costs must be paid through WAL tokens. Additionally, every step of the process, including data verification, incurs transaction costs through SUI.
Finally, when storing data in Walrus, a certain amount of SUI must be deposited into the SUI storage fund. If data on the Walrus Protocol is deleted, the deposited SUI is returned.
Due to this diverse cost structure, @WalrusProtocol also has cost optimization strategies.
Firstly, large-scale resource purchases and partitioning. When purchasing resources for Walrus Protocol data storage, it is possible to buy a large amount of resources at once and then partition them for use. Additionally, costs can be reduced by deleting and reusing data that exists within the used resources. Furthermore, to reduce SUI transaction fees on the Walrus Protocol, it is possible to register data across multiple resources at once.
I am studying the Docs for Walrus Protocol, and I am once again realizing that it is a surprisingly well-structured protocol for the role of the data chain...
About Walrus (WAL)
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 830 contributors, and total online engagement reached 100K social interactions. The sentiment score for Walrus currently stands at 85%. Compared to all cryptocurrencies, post volume for Walrus currently ranks at 2473. 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
1,655
Contributors
830
Interactions
100,346
Sentiment
85%
Volume rank
#2473
X
Posts
1,649
Interactions
100,329
Sentiment
86%
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
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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