Daulton, who was a three-time All-Star in his 14 seasons (1983, 1985-97) with the Phillies, hit .245 with 134 home runs and 567 RBIs in his Philadelphia career. But he became the outspoken leader of the 1993 National League championship club and an endearing fan favorite.
Daulton was introduced along with Phillies team president David Montgomery at a news conference on Tuesday.
"It is an honor," Daulton said. "I was able to come up and play with a lot of great baseball players, and against a lot. There's a lot of names on the Wall that I feel very privileged to be a part of."
Daulton recently started a talk radio show on local station 97.5 The Fanatic in Philadelphia and also appears on Comcast Sportsnet Philadelphia as a baseball analyst.
"I've always felt like Philadelphia is home, and the Phillies organization made it a family," Daulton said. "From the first day I came to [Veterans Stadium], I was always treated like part of a family. I feel honored to carry on the tradition."
A 14-by-20 inch bronze plaque will be placed along the Wall of Fame in a ceremony on Aug. 6. The Phillies induct one member onto the Wall each year. In 2009, it was late broadcasting legend Harry Kalas.