Are you bombarded daily with 'some coin has skyrocketed' or 'some buddy is about to surge'? And what’s the result? Often, the real profits go to the 'insiders' in the circle, while we small players who follow the trend become cannon fodder. To be smart, focus on those projects that are solidly based on technology and ecosystem, like WalletConnect (WCT), which have real potential.
Let's first discuss what it is: WalletConnect has been operational since 2018 as an open-source protocol that allows mobile wallets and DApps to communicate securely and smoothly. As of now, it has connected over 47.5 million wallet users, achieving over 309 million secure connections, covering more than 60,000 applications and over 700 wallets.
Let's talk about the technology aspect. It launched the v2 protocol in 2023 to refine performance and scalability, and in 2024, it introduced 'permissioned nodes' operated by multiple institutions such as ConsenSys, Ledger, Figment, and Nansen, moving towards a more decentralized path.
Now let’s look at market trust levels. WCT was over-subscribed several times during the CoinList community round, with pre-sales reaching up to 15.5 million dollars; the Echo platform sold out in 11 seconds.
The purpose of WCT is not just a shell: it can be used for staking (currently with a total staking amount of over 120 million, offering 22% APY), it can participate in network governance, incentivize nodes, and has the opportunity to pay for network service fees.
Let's put it another way: unlike those coins that seem impressive, spike several times, and then get sold off, WCT is a solid pillar rooted in Web3 infrastructure. Want to truly leverage value in the next round of benefits, rather than being harvested?
