#WalletConnect A necessity of WCT in the protocol layer

- WalletConnect has become an entry point for Web3, with a penetration rate exceeding 90%, connecting more than 600 wallets and 61,000+DApps, with 18 million monthly active users.

- Each new wallet can generate 366 million potential connections (600 wallets × 61,000 applications), possessing a monopolistic nature.

The economic design of the WCT token is more robust

- The initial circulation is 18.62%, but institutional ownership (such as Coinbase) represents 32%, while market makers GSR represent only 8%, dispersing the selling pressure.

- It is planned to charge a connection fee of 0.1-0.3 WCT per connection, and if the Q3 vote is approved, annual revenue could jump to 30 million dollars (with the PS ratio dropping to 10 times).