Grayscale Launches DeepBook and Walrus Trust, Deploying Key Protocols for the Sui Ecosystem

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PANews
08-12
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PANews reported on August 12 that according to The Block, Grayscale announced the establishment of two single-asset trusts, DeepBook and Walrus, holding the native tokens DEEP and WAL on the Sui blockchain. DeepBook provides a liquidity layer for decentralized finance applications on the Sui network, while Walrus focuses on on-chain data storage and privacy, supporting cross-chain applications. The market capitalizations of the two tokens are $372 million (DEEP ranked 226) and $559 million (WAL ranked 168), with prices dropping by approximately 5% and 3% in the past 24 hours, respectively. The trust products are only open for daily subscription to qualified investors and do not promise secondary market trading.

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