First Principles: WalletConnect addresses the most fundamental issue in the Web3 ecosystem—connecting wallets with dApps. Its innovation lies in achieving cross-chain interoperability through a simple and secure connection mechanism (QR code).
Risk Points: Intense competition (such as Fortmatic, Portis), requiring continuous innovation to maintain an edge. Additionally, the value of WCT may be affected by market speculation, necessitating attention to the actual usage within the ecosystem.
Comparison Dimension: Compared to other connection protocols, WalletConnect's advantages lie in its extensive chain support and wallet compatibility, as well as an open community ecosystem.