# Walrus (WAL) — crypto price, market cap and strength versus Bitcoin > Walrus trades at $0.0252 with a market capitalisation of $82.1M (rank 302). Its 90-day reading against Bitcoin is unavailable, so relative strength is not called here. Storage has no usable 13-week reading against Bitcoin. Price readings run through 2026-07-31. ## Agent research brief - What this coin is: Walrus (WAL), a Storage token of $82.1M at market-cap rank 302. On-chain activity is sourced from protocol. - What the tape says: No 90-day Bitcoin-relative reading is available; no 200-day average on file. Storage has no usable 13-week reading against Bitcoin. - What the evidence supports: 48.5/100 inside Storage on 3% evidence (0% of it native activity). Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. - What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Walrus does publish network fees, protocol revenue. Theme: Storage (/mla/crypto/sector/storage). Price 2026-07-31; market-cap snapshot 2026-07-04. ## Price, returns and risk Walrus's one-year return is withheld because the series is incomplete. Its deepest fall from a high inside the last 90 days is 60%. - Price: $0.0252 - Market cap: $82.1M (rank 302) - Returns: 7d —; 30d —; 90d —; 180d —; 1y — - RS versus Bitcoin, 90d: — - 30-day volatility: unavailable; deepest 90-day fall 60% - 200-day average: unavailable ## Protocol economics Walrus publishes 2 of the six network-economics series this site tracks: network fees, protocol revenue. Network fees over the last four complete quarters is $128.9K. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter. - Network fees: trailing four quarters $128.9K; change —; covered 5/20 quarters - Protocol revenue: trailing four quarters $128.9K; change —; covered 5/20 quarters ## Research score Walrus: 48.5/100 — Illiquid · research only; 17.5 + 15.0 + 10.0 + 6.0 = 48.5; evidence 3%; native evidence 0%; rank 1 of 1 rated Storage coins Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters. No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built. ## Storage scorecard Walrus is one of 2 Storage coins here, 1 of which carry enough evidence to be rated and ranked. Walrus ranks 1 of those 1 on 3% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked. - 1. Walrus (WAL) [this coin]: score 48.5; evidence 3%; Illiquid · research only ## Limitations - Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders. - Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag. - No valuation band exists for any coin: historical market capitalisation is not held at all. - Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred. - The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal. ## FAQs ### What is Walrus (WAL)? Walrus is a Storage cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol. It is one of 2 Storage coins on this site. Readings are as of 2026-07-31. ### What is the market cap of Walrus? Walrus's market capitalisation is $82.1M, ranking it 302 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above. ### Is Walrus beating Bitcoin? Walrus has no usable 90-day reading against Bitcoin at present, so this page does not call its relative strength. Storage as a whole is unavailable against Bitcoin over 13 weeks. ### Does Walrus have a P/E ratio? No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead. ### What is Walrus's research score? 48.5/100 within Storage, ranked 1 of 1 rated Storage coins, on 3% evidence: 17.5 + 15.0 + 10.0 + 6.0 = 48.5. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action. ### How much Walrus history does this page show? Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Walrus actually publishes. Here that is network fees, protocol revenue. ### Does Walrus generate network fees? Walrus's trailing twelve-month network fees is $128.9K. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.