WalletConnect raised $12 M in a new round of funding on 2022-11-02.

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In the field of Web3 infrastructure, WalletConnect Token (WCT) is gradually becoming the focus of attention in the industry. As WalletConnect's market share in the wallet connection sector continues to rise, the value potential of WCT is becoming increasingly prominent. This article will delve into the long-term development prospects of WCT from three perspectives: ecological positioning, functional application, and market demand. First of all, from the perspective of the ecosystem, WCT plays a core role in the WalletConnect ecosystem. As a decentralized protocol, the development of WalletConnect relies on community participation and governance. WCT, as a governance token, grants holders the right to participate in significant decisions, including the direction of protocol upgrades, support for new public chains, and key issues such as partner access. As WalletConnect's influence in the Web3 domain expands, the governance value of WCT will also increase. Secondly, the application scenarios of WCT are continuously expanding. Currently, WCT plays a role in multiple areas: users can use WCT to obtain transaction fee discounts for the advanced features of WalletConnect; in activities in cooperation with decentralized applications (DApps), WCT serves as the primary reward token; in the future, WalletConnect plans to introduce a node network, and WCT will become a necessary asset for node staking. These application scenarios not only increase the practicality of WCT but also enhance its locked-up volume and market demand. From the perspective of market demand, the rapid growth of the WalletConnect user base has directly driven the demand for WCT. Currently, WalletConnect has more than 10 million monthly active users, and the number of supported DApps and wallets continues to increase. As the user base of Web3 expands, WalletConnect's market penetration rate is expected to rise from the current 30% to over 50%. As the core token of the ecosystem, the demand for WCT will continue to grow accordingly. Although the price of WCT may fluctuate in the short term due to market sentiment, in the long run, its value will be closely linked to the development of the WalletConnect ecosystem. With the continuous advancement of Web3 technology and the expansion of its application scope, WCT, as a value hub for connecting infrastructure, has potential that warrants continuous attention and expectation from market participants.

WalletConnect is becoming a key infrastructure for Web3 connections, and its community-driven development model is noteworthy. By 2025, the platform is expected to support over 3 million connections, with 475,000 users and 65,000 projects. WalletConnect is evolving from a simple protocol into a decentralized network, akin to a "public square" in the Web3 ecosystem. This transformation is driven by its robust community governance and open-source spirit. The introduction of AppKit and WalletKit enables developers and users to participate more easily, while over 20 nodes (including Kiln and Figment) ensure the reliability of the network. WCT token plays an important role in the WalletConnect ecosystem. The total supply is 1 billion, with a circulating supply of 190 million, and the current price is approximately $0.34. Users can earn an annual yield of 6-10% by staking WCT, while also participating in important decisions, such as setting relay fees and supporting new chains. Notably, WCT will be transferable in April 2025, and 18.5 million WCT will be airdropped to 160,000 users as incentives. In the second quarter of 2025, WalletConnect plans to launch a DAO, which will enable the community to optimize the protocol through proposals, such as expanding enterprise payment functions. On-chain data shows that the daily connection count has increased by 30%, with the value of indirectly managed assets reaching billions of dollars. Notably, after Coinbase's listing, WalletConnect's transaction volume increased by 15%. Although the price of WCT has retreated from an early $1.35, considering its governance model and airdrop incentive program, we can expect its price to reach around $1.50 by the end of 2025. Of course, like all cryptocurrencies, the risks associated with market volatility always exist. However, the active engagement and enthusiasm of the WalletConnect community make the prospects of this project promising. WalletConnect is paving the way for the future of Web3, and its community-driven model could become a paradigm for decentralized projects. For those who believe in the future of Web3, participating in WCT staking and community governance is undoubtedly a choice worth considering.

As a blockchain enthusiast, I have recently gained new insights into the development of WalletConnect. Looking back to my first use, the slow speed of cross-chain transactions and high gas fees were indeed frustrating. At that time, WalletConnect claimed to be a 'multi-chain compatible' solution, but the actual experience was less than satisfactory. However, surprisingly, WalletConnect seems to be continuously evolving. The recently launched version 2.0 is said to have significantly improved performance. According to user feedback, the speed of connecting to DApps has greatly increased, and the smoothness of cross-chain swaps has also been greatly improved. This is undoubtedly a significant step towards a more convenient Web3 ecosystem. Nonetheless, as users, we remain cautious about some promises. For example, the price volatility of the WCT token is still a concern. In addition, we look forward to seeing the actual implementation of features such as voting dividends on the APC56 chain. Overall, the progress of WalletConnect is encouraging. It seems to be striving towards the vision of creating a universal protocol for Web3. However, only time will tell if these improvements can be sustained and whether WalletConnect can truly become the preferred tool for connecting the Web3 world. As users, we will continue to monitor its development and look forward to more innovations and improvements.

In the world of Crypto Assets, a unique Token is quietly rising. Although it has not yet opened for trading, it already possesses the power to influence the fate of the network. This is the native Token of WalletConnect, WCT, in its unique state of existence before 2025. The development trajectory of WCT has not been smooth sailing; instead, it has adopted a cautious and steady strategy, with consensus as its cornerstone, leading the WalletConnect network towards a truly decentralized future. Before April 15, 2025, WCT is set to a "non-transferable" status. This means that holders cannot transfer it freely like ordinary Tokens, but they can participate in voting, staking, and governance. This innovative design of "governance first, circulation later" demonstrates the project team's firm commitment to the long-term healthy development of the ecosystem. From a technical perspective, the initial non-transferability of WCT is designed to curb early speculative behavior while ensuring the stability and security of the ecosystem. At this stage, the Token is mainly used for governance and rewards, rather than market speculation. The total supply of WCT is 1 billion coins, and the distribution structure has been carefully designed. Among them, 27% is allocated to the WalletConnect Foundation, 18.5% is used for airdrops, and there are also clear allocation ratios and unlocking mechanisms for the team, early supporters, core developers, and reward pools. April 15, 2025, is an important milestone. From this day on, WCT will transition to a fully transferable status. Token holders will be able to freely transfer WCT between wallets and addresses, marking the maturity of the ecosystem and a new stage where community consensus and network infrastructure balance operations and governance. There are several reasons why WCT's unique development path is worth paying attention to: First, it effectively reduces risks by establishing governance and reward mechanisms before introducing market trading, which can minimize the severe fluctuations and potential market manipulation during the initial liquidity phase. Second, it truly realizes community-driven initiatives, allowing users and contributors to substantively participate in the decision-making of the protocol's structure, rather than just acting as consumers. Finally, it achieves a good alignment of incentive mechanisms by linking the rewards of node operators, wallet and application providers, and active users through WCT, making the interests of all parties in the ecosystem more unified. With the gradual development of WCT, we can foresee that the WalletConnect network will take solid steps on the road to decentralization, contributing significantly to the future of the Web3 ecosystem.