Perspective: WalletConnect has established a strong ecological foundation, with WCT tokens and financial support providing momentum for its future development. However, it is important to be wary of competition and technological substitution risks, and continuously expanding ecological cooperation is crucial.
3. Advantages from the perspective of ecological development: Wide adoption: According to official data, WalletConnect has facilitated over 240 million connections, serving 38 million independent active wallets, integrating over 57,000 DApps, demonstrating its strong influence in the Web3 ecosystem.
Token economy: The WCT token (ERC-20, based on the Optimism network, with a total supply of 1 billion) is used for staking, governance, and rewards, incentivizing ecological participants (such as node operators and developers), and expanding its influence through activities like Binance Launchpool.
Financial support: The WalletConnect Foundation raised $10 million through four rounds of token sales to expand operations, grow the team, and develop the ecosystem, showing strong growth potential.
Certification mechanism: The WalletGuide project provides certification for wallets that meet quality and security standards (such as BitPay, Bitcoin.com), enhancing user trust.
Challenges:
Competitive pressure: There is competition in the Web3 connection protocol space, such as the SDK from Coinbase Wallet or other emerging protocols, which may pose challenges to WalletConnect's market share.
Dependence on ecological growth: Its success is highly dependent on the continued integration of DApps and wallets; if developer adoption rates decline, it may affect ecosystem expansion.
