CryptorInsight
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WalletConnect: The Onchain UX Ecosystem
@WalletConnect functions as the foundational connectivity layer for the financial internet, enabling users to seamlessly connect, transact, and build within the on-chain ecosystem. Its overarching objective is to drive user experience (UX) innovation, expand the Web3 ecosystem, and guide the network towards a decentralized, permissionless future through its WalletConnect Network and the token.
The network’s impressive growth milestones, as of July 2025, underscore its position as a widely adopted and foundational infrastructure layer in Web3. Cumulative connections have surpassed 337 million, with 11 million connections recorded in July alone. The platform now boasts over 51.4 million unique wallets, with more than 2 million new wallets joining in the last month. Furthermore, over 71,500 app projects have successfully integrated with WalletConnect. These metrics collectively highlight WalletConnect's pervasive presence and critical role in the Web3 landscape.
Significant updates regarding the $WCT token demonstrate active community participation and economic alignment. Over 122.46 million WCT is currently staked by more than 48,700 stakers, offering an attractive annual percentage yield (APY) of up to 22%. The WalletConnect Foundation has proposed a revamp of WCT staking, aiming for improved usability, predictability, and user control. Proposed changes include perpetual staking positions, user-triggered unlocks with fixed durations, and simplified duration options, while maintaining backwards compatibility. This initiative reflects a commitment to refining tokenomics for long-term sustainability and an enhanced user experience. The WCT Solana claim campaign concluded on August 14, serving as a final reminder for eligible users to claim WCT on Solana. This campaign was strategically shaped in partnership with key Solana communities—Backpack, Jupiter, Solflare, Solana Mobile, and Phantom—to acknowledge genuine community participation. Furthermore, WCT to Solana bridging is now live, powered by Wormhole NTT, facilitating seamless cross-chain transfers. WCT is also live for trading on Jupiter and Raydium , and its listing on Gemini expands its presence in the USA and other regions.
WalletConnect actively engages in community campaigns and strategic partnerships to expand its ecosystem. Collaborations include Ledger, a WalletConnect Certified Wallet, which distributes WCT rewards to Ledger Flex Solana Edition SBT holders, recognizing Ledger as a key contributor and node operator. Drift distributed 100,000 WCT to top stakers from its FUEL rewards program in partnership with WalletConnect. 1inch allocated 50,000 WCT in rewards for a WCT swap campaign to benefit its community. SafePal, another WalletConnect Certified Wallet, distributed 80,000 WCT to users who staked in-app. The ecosystem continues to grow with the addition of new custodians like Hex Trust, Anchorage, and Fireblocks, as well as new applications such as Morpho, Pendle, Ethena, PlaySolana, and Noah, expanding adoption across DeFi, media, and Solana gaming. Looking ahead, WalletConnect plans to host community events in Bali, Tokyo, and Seoul in August 2025.
WalletConnect's network growth metrics, encompassing hundreds of millions of connections, tens of millions of unique wallets, and tens of thousands of integrated applications, firmly establish its position as the de facto standard for wallet-to-dApp connectivity in Web3. This pervasive integration creates a powerful network effect, making it exceptionally difficult for competitors to displace, and positions WalletConnect as a critical access point for Web3 user onboarding and interaction. The core function of WalletConnect is to enable seamless and secure connections between users' wallets and decentralized applications. The reported figures represent a significant portion of the active Web3 user base and application ecosystem, indicating that most users will inevitably encounter WalletConnect at some point in their on-chain journey. This level of integration means that any new dApp or wallet would be severely disadvantaged without WalletConnect integration, thereby creating a strong competitive barrier.
The proposed revamp of WCT staking, along with its expansion to the Solana ecosystem and listings on major decentralized and centralized exchanges, indicates a strategic move towards further decentralization and broader economic utility for the WCT token. This initiative aims to align incentives more closely with network usage and attract a wider range of participants, transforming WCT from a simple utility token into a more robust financial primitive within its ecosystem. Tokenomics are crucial for the long-term health and decentralization of any protocol. The proposed staking changes, such as perpetual positions and user-triggered unlocks, suggest a shift towards greater user control and a more attractive staking proposition, aiming for sustainable rewards. The expansion to Solana and listings on prominent exchanges increase WCT's liquidity and accessibility, making it easier for a broader audience to participate in its economic model and governance. This points to a maturing token strategy focused on long-term value accrual and decentralization.
#WalletConnect
The network’s impressive growth milestones, as of July 2025, underscore its position as a widely adopted and foundational infrastructure layer in Web3. Cumulative connections have surpassed 337 million, with 11 million connections recorded in July alone. The platform now boasts over 51.4 million unique wallets, with more than 2 million new wallets joining in the last month. Furthermore, over 71,500 app projects have successfully integrated with WalletConnect. These metrics collectively highlight WalletConnect's pervasive presence and critical role in the Web3 landscape.
Significant updates regarding the $WCT token demonstrate active community participation and economic alignment. Over 122.46 million WCT is currently staked by more than 48,700 stakers, offering an attractive annual percentage yield (APY) of up to 22%. The WalletConnect Foundation has proposed a revamp of WCT staking, aiming for improved usability, predictability, and user control. Proposed changes include perpetual staking positions, user-triggered unlocks with fixed durations, and simplified duration options, while maintaining backwards compatibility. This initiative reflects a commitment to refining tokenomics for long-term sustainability and an enhanced user experience. The WCT Solana claim campaign concluded on August 14, serving as a final reminder for eligible users to claim WCT on Solana. This campaign was strategically shaped in partnership with key Solana communities—Backpack, Jupiter, Solflare, Solana Mobile, and Phantom—to acknowledge genuine community participation. Furthermore, WCT to Solana bridging is now live, powered by Wormhole NTT, facilitating seamless cross-chain transfers. WCT is also live for trading on Jupiter and Raydium , and its listing on Gemini expands its presence in the USA and other regions.
WalletConnect actively engages in community campaigns and strategic partnerships to expand its ecosystem. Collaborations include Ledger, a WalletConnect Certified Wallet, which distributes WCT rewards to Ledger Flex Solana Edition SBT holders, recognizing Ledger as a key contributor and node operator. Drift distributed 100,000 WCT to top stakers from its FUEL rewards program in partnership with WalletConnect. 1inch allocated 50,000 WCT in rewards for a WCT swap campaign to benefit its community. SafePal, another WalletConnect Certified Wallet, distributed 80,000 WCT to users who staked in-app. The ecosystem continues to grow with the addition of new custodians like Hex Trust, Anchorage, and Fireblocks, as well as new applications such as Morpho, Pendle, Ethena, PlaySolana, and Noah, expanding adoption across DeFi, media, and Solana gaming. Looking ahead, WalletConnect plans to host community events in Bali, Tokyo, and Seoul in August 2025.
WalletConnect's network growth metrics, encompassing hundreds of millions of connections, tens of millions of unique wallets, and tens of thousands of integrated applications, firmly establish its position as the de facto standard for wallet-to-dApp connectivity in Web3. This pervasive integration creates a powerful network effect, making it exceptionally difficult for competitors to displace, and positions WalletConnect as a critical access point for Web3 user onboarding and interaction. The core function of WalletConnect is to enable seamless and secure connections between users' wallets and decentralized applications. The reported figures represent a significant portion of the active Web3 user base and application ecosystem, indicating that most users will inevitably encounter WalletConnect at some point in their on-chain journey. This level of integration means that any new dApp or wallet would be severely disadvantaged without WalletConnect integration, thereby creating a strong competitive barrier.
The proposed revamp of WCT staking, along with its expansion to the Solana ecosystem and listings on major decentralized and centralized exchanges, indicates a strategic move towards further decentralization and broader economic utility for the WCT token. This initiative aims to align incentives more closely with network usage and attract a wider range of participants, transforming WCT from a simple utility token into a more robust financial primitive within its ecosystem. Tokenomics are crucial for the long-term health and decentralization of any protocol. The proposed staking changes, such as perpetual positions and user-triggered unlocks, suggest a shift towards greater user control and a more attractive staking proposition, aiming for sustainable rewards. The expansion to Solana and listings on prominent exchanges increase WCT's liquidity and accessibility, making it easier for a broader audience to participate in its economic model and governance. This points to a maturing token strategy focused on long-term value accrual and decentralization.
#WalletConnect
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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