WalletConnect Network is a decentralized communication protocol designed to connect cryptocurrency wallets with decentralized applications (dApps) securely. It enables users to interact with blockchain-based services without exposing private keys or relying on browser extensions. The network supports multiple blockchain ecosystems, including Ethereum (EVM), Solana, Cosmos, Polkadot, and Bitcoin, making it one of the most versatile wallet connection protocols in Web3. $WCT @WalletConnect
Initially launched in 2018, WalletConnect has evolved into a widely adopted solution for wallet-to-dApp interactions, facilitating over 150 million connections for 24 million users. The protocol was originally built as a secure bridge between mobile wallets and desktop applications but has since expanded to offer a fully decentralized communication infrastructure. This transition ensures greater security, reliability, and censorship resistance in blockchain interactions.
To support its long-term sustainability and decentralization, WalletConnect has introduced the WalletConnect Token (WCT). This token plays a crucial role in staking, governance, and network rewards, allowing users and service providers to actively participate in the network’s operations. The introduction of Service Nodes and decentralized governance mechanisms further reinforces WalletConnect's commitment to secure, permissionless, and community-driven development.