The WCT token is directly linked to risk and price, and those who have been shorting it for a long time have made a fortune. The reasons are as follows: 5 points,

1. Security risks still exist

Although WalletConnect uses end-to-end encryption, users may still fall victim to asset theft if they accidentally scan a malicious QR code or connect to a phishing DApp during use.

2. Dependence on the stability of third-party wallets and applications

WalletConnect itself is a protocol layer, and the specific experience and security still depend on the implementation quality of each wallet and DApp. If a particular wallet or application has vulnerabilities, the entire connection process may be affected.

3. Complexity of user experience

For novice users, connecting wallets and DApps still presents a certain threshold; scanning QR codes and the authorization process can sometimes seem complicated, affecting the speed of adoption.

4. Cross-chain compatibility limitations

Although WalletConnect supports multiple chains, there are still technical challenges and limitations in deep interoperability between different chains, and some functions may not be able to achieve a seamless cross-chain experience fully.

5. Network congestion affects connection efficiency

During peak times for on-chain transactions, connection confirmations and interactions may slow down, impacting user experience.

Although #WalletConnect , as an open-source protocol for cross-chain connections, greatly enhances the security and user experience between wallets and DApps. Relying on the $WCT token and the support of the @WalletConnect community, it promotes decentralized governance and ecological prosperity in Web3, becoming a key bridge for on-chain interoperability.