Walrus (WAL) Surges Nearly 100% Post-Airdrop, Sparking Discussions About Whether the SUI Ecosystem Is Becoming a New Hotspot

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

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. Until now, WAL’s price reached $0.56, marking a 30% increase within the last 24 hours.

Source: Coingecko

This represents a nearly 100% surge compared to its price at the TGE in just a few days. Moreover, the 24-hour trading volume for WAL has been substantial, reaching $123.6 million, showcasing strong market interest.

This performance highlights 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. This feature is crucial for enabling Web3 projects to manage data more effectively through smart contracts.

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, which is sti ll in the works.

SUI Ecosystem Outperforms Other Layer 1 Blockchains

Amid the downturn of the overall market, the SUI ecosystem has shown 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 reach $5 billion in a single day.

Source: DefiLlama

Compared to other prominent Layer 1 blockchains like Ethereum (ETH) and Solana (SOL), SUI’s performance is noteworthy. While Ethereum struggles 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,” is known for its high throughput and low fees. However, SUI’s focus on scalability and optimization for decentralized finance (DeFi) applications give it an edge.

This has capitalised in significant capital inflows, especially from investors seeking the next big opportunity in the DeFi space.

Tokens within the SUI ecosystem that are not yet 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 are also showing strong price momentum.

Next for Airdrop Opportunities in the Ecosystem?

Several projects are currently in the spotlight for potential rewards on the SUI ecosystem. Some promising projects that could offer airdrop opportunities shortly: