WalletConnect is the 'universal connector' of the blockchain world, significantly different from common wallet tools. The native token $WCT can be staked, governed, voted on, and has typical applications worth noting. Additionally, we remind everyone to pay extra attention to risks. Compared to mainstream coins like $BNB and $ETH , WCT has a maximum drawdown of 70%, which poses a significant risk.
1. Different positioning: It is not a wallet but an open-source protocol that connects over 600 wallets (such as MetaMask and Trust Wallet) with over 40,000 DApps, while wallets like MetaMask need to be installed separately and are limited to asset storage.
2. Cross-chain capability: It supports over 150 chains including Ethereum, Solana, and Polygon, achieving native cross-chain transfer through the integration of Wormhole technology, avoiding the liquidity fragmentation issues of wrapped tokens, while most wallets only support a single chain or require complex conversions.
3. Interaction method: It features a unique QR code scanning + deep linking, allowing mobile wallets to scan and connect to desktop DApps without exposing private keys throughout the process, making it more flexible and secure than MetaMask's dependency on browser plugins.
4. Ecological openness: Driven by the community, the 275 million connections represent the collective choice of 45 million users, while centralized wallets like Coinbase Wallet are subject to more platform policy restrictions.
This design enables it to become a 'universal entry point' in scenarios such as DeFi trading, NFT collection, and blockchain gaming, allowing seamless experience of multi-chain applications without the need to switch wallets.
