The crypto market has been buzzing with activity from a project on SUI – Walrus (WAL). Following its airdrop and TGE, Walrus has shown remarkable growth, sparking discussions about whether the SUI ecosystem is becoming a new hotspot for crypto investors. Alongside this, other projects on SUI are also gaining traction, with several promising airdrop opportunities on the horizon.
Walrus Surges Nearly 100% Post-Airdrop
Walrus (WAL), a token associated with a pioneering storage network on the SUI blockchain, has experienced a meteoric rise since its TGE on March 27, 2025. Until now, WAL’s price reached $0.56, marking a 30% increase within the last 24 hours. More impressively, this represents a near-100% surge compared to its price at the TGE in just a few days. This rapid growth has propelled Walrus to a market capitalization of nearly $700 million, a significant milestone for a relatively new token.
The 24-hour trading volume for WAL has also been substantial, reaching $123.6 million, reflecting strong market interest. This performance underscores the growing confidence in Walrus’s unique value proposition as the first storage network capable of handling on-chain data of any size at scale, a feature that could revolutionize how Web3 projects manage data through smart contracts.
Walrus is a decentralized storage network on the SUI blockchain that provides scalable, cost-effective, and resilient data storage for Web3 applications. Developed by Mysten Labs, it leverages erasure coding to ensure speed and reliability, enabling users to publish, deliver, and program data on-chain. The network’s native token, WAL, plays a crucial role in governance, staking, and incentivizing node operators.
Additionally, the protocol recently secured over $140 million in funding, led by a16z Crypto and Standard Crypto, to support its decentralized storage expansion and mainnet launch scheduled for March 27. This move opens a prospect future for Walrus and more opportunities for Walrus supporters.
SUI Ecosystem Outperforms Other Layer 1 Blockchains
Amid the downturn of the overall market, the SUI ecosystem has been demonstrating stable performance compared to other Layer 1 blockchains in terms of capital inflow and trading activity. SUI has consistently recorded stable trading volumes, averaging over $1 billion per day. At its peak in December 2024 and February 2025, the ecosystem saw trading volumes soar to $5 billion in a single day, a testament to its growing popularity among traders and investors.
When compared to other prominent Layer 1 blockchains like Ethereum (ETH) and Solana (SOL), SUI’s performance is particularly noteworthy. While Ethereum continues to struggle with scalability issues and high gas fees, SUI boasts an average transaction speed of 50,000 transactions per second with a block finalization time of just 2.3 seconds. Solana, often dubbed the “Ethereum killer,” has established itself as a high-throughput blockchain with low fees, but SUI’s focus on scalability and optimization for decentralized finance (DeFi) applications gives it a competitive edge.
This has attracted significant capital inflows, especially from investors seeking the next big opportunity in the DeFi space.
Tokens within the SUI ecosystem that have not yet been listed on major exchanges like Binance are seeing the most significant gains. Walrus is a prime example, alongside other tokens like DEEP and NAVX, which have also shown strong price momentum.
Next for Airdrop Opportunities in the Ecosystem?
Shortly, several projects are currently in the spotlight for potential rewards on the SUI ecosystem. Some promising projects that could offer airdrop opportunities shortly:
- Lombard Finance: Lombard Finance allows users to stake Bitcoin (BTC) and receive LBTC on the SUI blockchain. To participate, users can visit the project’s website, connect their wallets, and stake their BTC.
- Suilend: Suilend is a lending and borrowing protocol on SUI. Users can deposit assets, borrow others, and repeat the process periodically to increase their chances of qualifying for an airdrop. The protocol’s user-friendly interface and active community engagement make it a top contender.
- Haedal: Haedal is a liquid staking protocol where users can stake SUI tokens to earn haSUI rewards, which can then be used across various DeFi applications in the SUI ecosystem. Staking on Haedal is straightforward—connect your wallet, select an asset and stake. Although an airdrop has not been confirmed, the project’s structure suggests a high likelihood of rewards for early participants.
Crypto investors are finding the SUI ecosystem to be a fertile ground, as evidenced by the impressive post-airdrop growth of projects like Walrus. Currently, everyone’s focus is on SUI as it continues to establish itself in the fiercely competitive realm of blockchain technology.
The post Walrus (WAL) Surges Post-Airdrop: Is Money Flowing into SUI? appeared first on NFT Evening.
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