At the Web3 infrastructure level, WalletConnect is nearly irreplaceable. Since its launch in 2018, it has supported over 600 wallets, 40,000+ dApps, and has accumulated billions of connections, making it a silent hero for daily user experience (UX) builders.
🔍 Core Technology and Architecture
Cross-chain Compatibility: WalletConnect supports multiple chains such as EVM, Solana, Cosmos, Polkadot, and Bitcoin, truly achieving a chain-agnostic protocol.
End-to-end Encryption: Through service nodes, gateway nodes, and relay services, communication is encrypted throughout, ensuring user privacy and key security.
Node Network: Service nodes provide a powerful 'offline mailbox' feature, ensuring that disconnections can be recovered; gateway nodes optimize message routing to improve connection stability.
Functionality Positioning: Used for node staking rewards, network governance, fee payments (in the future), and airdrop incentives. Currently, the transfer and transaction functions are open, moving towards true decentralization.
🌱 Decentralization Path and Incentive Mechanism
WalletConnect has deployed over sixteen node operators, staking more than 100 million $WCT, and has been running stably for over 12 weeks, enhancing overall network resilience. Under the staking design, nodes and wallets receive rewards based on connection stability, performance, and activity, while also bearing network governance responsibilities.
✅ Summary Perspectives
Technical Strength is Undeniable: WalletConnect is the cornerstone of interaction between Web3 wallets and dApps.
Token Logic is Sound: The economic model of $WCT balances incentives and governance, helping to facilitate the decentralization of the network.
Potential Risks: Market volatility, node activity, application progress, and regulatory changes still need continuous attention.
💬 As an experienced user and observer, I believe that $WCT is not just a token for the connection protocol, but also represents an upgrade in the Web3 user experience. Connection is not just a 'communication pipeline,' but an entry point for opening economic incentives and governance consensus. I look forward to WalletConnect playing a greater role in future DeFi, NFT, and GameFi applications, and welcome the @WalletConnect community to engage in dialogue together!
