🔥 **Is the 'vein' of Web3 bleeding?** @WalletConnect $ETH
WalletConnect——the invisible highway of the on-chain world (connecting 90% of dApps to wallets), yet trapped in the **'powering with love' dilemma**: annual revenue of $2 million vs $190 million market value, a 60x price-to-sales ratio comparable to a tech bubble!
💥 **Magical realism is unfolding:**
- User frenzy: free connections 27.5 billion times, cross-chain payments are exhilarating ✅
- Token collapse: private placement institutions are harvesting retail investors, a flash crash of 60% in May 📉
- Giants strangling: MetaMask is using Snaps to steal homes, security vulnerabilities frequently targeted by phishing groups ⚔️
🛑 **Deadly paradox:**
Technology is revered yet fails to make money, ecological hegemony cannot stop the token economy from #crashing! If within six months the **'free highway' cannot be turned into a 'toll road'**, this Web3 vein may be burned to ashes by fierce competition.
