WalletConnect Token (WCT) Potential Forecast Analysis
1. Core Value Support
Protocol-Level Infrastructure: WalletConnect is not an ordinary application but a foundational communication protocol for Web3, connecting wallets, DApps, and users. Its technology has been integrated by over 500 mainstream projects such as MetaMask, Trust Wallet, and Uniswap, with daily connection requests exceeding 100 million, becoming the 'invisible pipeline' in the DeFi/NFT space.
- Rigid Demand: With the development of multi-chain ecosystems and Account Abstraction (AA), the demand for secure cross-chain interactions has surged, and the protocol layer value of WalletConnect may continue to rise.
2. Competitive Advantages
- Monopolistic Ecological Niche: Competitors (such as Web3Modal) have a low market share, while WalletConnect occupies over 90% of wallet integration share.
- Funding Endorsement: In 2022, it received $12.5 million in funding led by Union Square Ventures, with a valuation of $500 million.
