Walrus has undergone a transformation from fundraising to market presence over the past year. The $140 million private placement in March last year certainly drew a lot of attention. The joint endorsement by institutions like Standard Crypto, a16z, and Franklin Templeton indicates what? It shows that this is not a small-scale project.

What truly stands out is Grayscale launching the WAL Trust product in June this year. What does this mean? Traditional financial institutions are beginning to recognize its technological value. It’s important to note that Grayscale has always been cautious. Being included in the trust product series signifies that the project’s compliance attributes have been endorsed by mainstream finance. For investors who want to participate through official channels, this opens up considerable imagination space.

Market liquidity is also improving. A leading exchange launched perpetual contracts in March, and by October, spot trading pairs were added, covering major tokens like USDT, USDC, and BNB. The recent 24-hour trading volume has stabilized between $28 million and $32 million, indicating that market activity remains healthy.

Currently, WAL is priced at $0.1418, which has indeed adjusted compared to the funding valuation. But think about it—less than a year since mainnet launch, and the ecosystem is still in its growth phase. Such an adjustment is quite normal—it even provides more rational investors with a relatively balanced entry point. Continuous institutional support combined with ongoing compliance efforts make this project’s risk resilience significantly stronger in this highly competitive track.