The invention discloses an algae clay mineral environmentally-friendly inner wall coating, which is prepared from the following components in parts by weight: 310-360 parts of water, 0.8-3 parts of alkaloid, 2-8 parts of dispersant, 1-2 parts of wetting agent, 1-2 parts of defoaming agent, 100-200 parts of decolorized algae clay powder, 150-250 parts of titanium pigment, 20-60 parts of talcum powder, 20-30 parts of pure acrylic acid emulsion, 25-75 parts of vegetable gum, 10-15 parts of glycerin, 1-5 parts of 75 percent ethanol and 1-2 parts of disinfectant. The inner wall coating has the advantages of nontoxicity, harmlessness, convenience for constructing, extremely strong peculiar smell adsorbing function, capability of purifying indoor air, plump paint film, smooth handfeel, high air permeability, wall surface breathing function, capability of regulating indoor humidity environment, high alkali resistance, high water resistance, high chemical corrosion resistance, high erosion resistance, high heat resistance, high freezing resistance, high ageing resistance, high covering power, high adhesion and the like.