Here’s a fun fact: Every time you use your wallet to scan a DApp code, it's WalletConnect doing the work. This protocol has been around since 2018 and has now become an invisible champion — over 600 wallets, over 65,000 applications connected, and 47.5 million users have made over 300 million connections, making its coverage in Web3 nearly unmatched.
What does Web3’s infrastructure compete on? It competes on who can make complex on-chain operations simple. WalletConnect is doing just that, with full-chain interoperability and encrypted security. Without it, how many DApps would come to a halt? More importantly, the WCT token supports the governance and staking of the network. Right now, people may not pay much attention, but this kind of "essential" infrastructure means that the more users and applications there are, the greater the revenue potential. Just like TCP/IP in the internet era, which is usually invisible but determines the ceiling of the entire ecosystem. I think this layout is solid.
Major institutions leading the investment in WalletConnect have raised approximately $377.5 million in total.
- On March 8, 2022, they completed a $11 million Series A financing, led by Union Square Ventures and 1kx, with participation from Coinbase Ventures, Zerion, and others.
- On November 3, 2022, they completed a $12.5 million financing, led by Shopify, with participation from Coinbase Ventures, HashKey Capital, and others.
- On January 15, 2025, they completed a $13 million Series B financing, led by Union Square Ventures and 1kx, with follow-on investments from SC Ventures, SBI Holdings, and others.
- In February 2025, they raised $15.5 million through community round token sales, exceeding the target amount of $4 million.
WalletConnect is so capable, and the capital recognizes it; what are you still afraid of?
