This is the perfect time to observe this project.
Their Community fundraising maintained the same level of valuation as institutional investors, without restrictive clauses such as blocking periods.
Such sincerity is rare in the current market climate. You should know that there are not many projects capable of simultaneously operating the technical infrastructure, the user scale and the token economy. While other protocols struggle to attract customers, WalletConnect already benefits from natural access to traffic - after all, almost all major wallets integrate their protocol.
What really deserves to be noted is its network effect. Each new wallet or DApp integrating WalletConnect increases the value of the entire ecosystem exponentially. This model is very similar to early Internet protocols, the more widespread it becomes, the more difficult it becomes to replace. Now, they use the token economy to link users, developers and node operators, which is equivalent to giving a boost to this flywheel. For investors who really know about it, these projects hidden in the infrastructure layer are often more worth keeping in the long term than these flashy DeFi applications.
