WCT: The Competitive Advantage of WalletConnect Among Web3 Infrastructures! ⚔️💡
In June 2025, WalletConnect Token (WCT) and the WalletConnect protocol hold a strong competitive position in the rapidly evolving field of Web3 infrastructure.
Industry Standard: WalletConnect has already become the de facto standard for wallet connections, giving it a significant advantage over new competitors.
Chain Agnosticism: Unlike many tokens tied to a single Layer 1 ecosystem, WalletConnect operates across multiple blockchains (Ethereum, Cosmos, etc.), offering a universal standard and resilience to shocks on a single chain.
Network Effects: Thanks to widespread adoption (600+ wallets, 40,000+ dApps), WalletConnect has created strong network effects. The switching cost for wallets and dApps integrated with WalletConnect is high, ensuring sustained demand for the underlying protocol.
Indirect Competition: WalletConnect competes indirectly with proprietary integrations of browsers/wallets (e.g., MetaMask extension), as well as new messaging protocols, but its open and universal approach gives it a unique advantage.
WCT is a key asset supporting this dominant infrastructure protocol.