Sui Team's New Protocol Walrus: The Next Generation Storage Solution That May Surpass FIL

Key Points Summary

• After Mysten Labs launched the Sui network and the DeepBook protocol, they are preparing to launch a new project called the Walrus protocol.

• Two reasons why Walrus has attracted widespread attention: ( is more cost-effective and secure than existing storage solutions; ) allows stored data to be programmed through the Sui network.

• As an advanced decentralized storage protocol, the future practicality and value of Walrus deserve attention.

( 01 Background of Walrus Launch

After successfully launching the Sui network and DeepBook protocol, Mysten Labs is making its way into the Walrus protocol field. Despite the high market enthusiasm, there are some concerns mainly stemming from the following factors: there are already many decentralized storage solutions in the market that have not performed ideally; and there are worries about whether Mysten Labs will dilute its resources by continuing to develop the Sui network.

This article will explore the structure of the Walrus protocol, analyze its differences from existing storage solutions, study the relationship between Walrus and the Sui network, and focus on how Walrus integrates with the Sui architecture to enhance the overall ecological value.

)# 1. The difference between Walrus and existing storage solutions

Walrus has three main differences from the existing storage models ###, especially Filecoin and Arweave ###:

Storage Cost Efficiency

Walrus uses Red-Stuff encoding, demonstrating lower costs than Arweave and FIL, with an efficiency up to 100 times. Walrus combines the advantages of both by maintaining low replication costs while minimizing the probability of data loss.

Walrus requires only one network data transmission, with each node storing a portion of the data, reducing the burden on each node as the network grows. This structure makes Walrus storage costs significantly efficient.

Programmability

The most notable feature of Walrus is its "programmability". Traditional storage is merely a data repository, while Walrus achieves programmable decentralized storage through the Sui network, giving stored data more functionality.

For example, when minting an NFT, the image can be stored in Walrus, and its blob data object can be created on the Sui network and linked to the NFT object. This solves the traditional NFT "incomplete" problem, making NFTs through Walrus real Web3 assets.

Data Access and Deletion

Unlike existing protocols, Walrus allows users to discard or modify data when needed. This enhances practicality and boosts its application potential in traditional enterprises and Web2 businesses.

(# 2. The collaboration method between Walrus and the Sui network

Walrus should be regarded as the storage stack that perfects Sui applications, not only complementing the Sui network but also actively influencing the SUI token.

Sui and Walrus Symbiotic Relationship

Sui has designed a unique storage fund concept to address storage challenges. User fees are divided into Gas fees and storage fees, with the latter contributing to the storage fund. This system addresses the sustainability of storage by pre-collecting storage fees as future rewards for validating nodes.

Walrus achieves programmability of data by storing large-scale blob data and managing metadata in an object-oriented manner on Sui, without directly storing it on Sui.

Walrus makes SUI a deflationary asset

When creating blob data objects in Walrus, SUI will lock in the storage fund based on the object size. Some fees can be refunded by deleting data, but a portion will have a destruction effect. Walrus uses increases to reduce the circulation of SUI, forming a virtuous cycle.

![Beyond Filecoin? Understand the new protocol Walrus developed by the Sui team in one article])https://img-cdn.gateio.im/webp-social/moments-375eaa4289f949f7252e4b44cf108b69.webp###

( 02 Walrus will become the most critical protocol of Sui.

)# 1. Build a complete Web3 decentralized infrastructure

Mysten Labs not only builds blockchain but also leads innovation in areas such as execution, storage, consensus, and communication, creating user-friendly UIs. The Sui network handles execution and consensus, Walrus handles storage, SCION handles communication, and zkLogin manages UIs familiar to Web2.

2. Walrus is not limited to the Sui ecosystem.

Walrus can be used by any third party and may become an alternative to existing storage protocols or DA layers. This availability extends the demand for SUI beyond the Sui network, making SUI a more attractive asset.

3. Can Walrus surpass FIL?

The outlook for Walrus is optimistic because: 1### operates efficiently; 2### can perform tasks that existing storage protocols cannot complete; 3) has a solid network and user base through the Sui network.

If Walrus becomes a representative storage protocol for Web3, it could become the leading protocol in the storage field.

![Beyond FIL? Understand the new protocol Walrus developed by the Sui team in one article])https://img-cdn.gateio.im/webp-social/moments-b3f215a1bb0b555f4ef52768e1cb5791.webp)