Many people may feel confused when they see WalletConnect issue tokens:
It is not a wallet, does not issue tokens, does not issue NFTs, and does not have impressive L2 throughput...
So what exactly is it?
From a technical positioning perspective, $WCT belongs to the typical 'middleware protocol'.
In simple terms:
It is neither the endpoint nor the starting point, but the 'connector' of all operations on-chain.
🔗 For example, you connect Galxe with MetaMask, or connect Uniswap with imToken,
You might think it connects directly, but in fact, it is the WalletConnect protocol that transmits the request, signs, and confirms.
Who else are these 'middleware protocols'?
These projects have one thing in common:
It is not an entry point for retail hype, but it is a necessary path for every on-chain process.
You may not necessarily remember their names,
But they are silently 'running' behind every interaction you make.
📌 $WCT 's positioning is very clear:
• It is not speculating on concepts, but connecting protocols on the running chain
• It is not 'issuing tokens to exchange for market value', but rather 'behavior mapping incentives'
• Users do not see it, but developers cannot live without it
Projects at this level have historically seen many later entrants become 'infrastructure-level players'.
So now to understand $WCT, do not look at it from the perspective of L2 or DEX,
It needs to be analyzed from the 'underlying channel protocol'.
