Many people may wonder: WalletConnect is just a tool to connect wallets and dApps, how significant can issuing WCT tokens be? After all, such infrastructure often does not generate direct revenue, making it difficult to support the token's value.
However, a deeper look reveals that the value of WCT lies in its "irreplaceability." As a protocol covering over 90% of the Web3 ecosystem, it connects over 600 wallets, more than 40,000 dApps, and 48 million active users, serving as the "invisible backbone" of the entire industry. This level of penetration makes WCT's governance rights crucial—holders can decide on protocol upgrades, fee rules, and even the flow of ecological funds, effectively holding the "steering wheel" of the Web3 interaction layer.
The revenue model is also interesting, charging high-frequency DApps for each use.
API fees of $0.001-0.01, with part of the revenue used to repurchase and destroy WCT tokens, providing support for the token's value.
In terms of governance mechanism, WCT adopts a "token is voting power" model, allowing holders to participate in decisions such as protocol parameter adjustments and prioritization of new connections. This decentralized governance helps align development with community interests.
More importantly, its technology continues to evolve: costs are reduced based on Optimism, and cross-chain expansion is achieved through Wormhole, with mainstream chains like Solana actively integrating. As the influence of infrastructure continues to expand, the token serves as a carrier of ecological rights, providing a natural anchor for long-term value.
