Good news! WCT has secured an investment of $46.5 million, with major institutions like Union Square Ventures and Shopify investing funds, which could lead to significant changes in the valuation of Web3 infrastructure.
In the field of "connection services" within Web3, WCT is a leader. In February 2025, it completed a $13 million financing round (Series B), totaling $46.5 million raised, with institutions like Kraken also joining the investment. It primarily generates revenue by charging a 0.1% connection fee to wallet and decentralized application (DApp) developers, with this revenue exceeding $8 million in the first quarter of 2025 alone.
Its token distribution and usage rules have several characteristics: 60% of the tokens are used to reward nodes, support developers, and make strategic investments; the tokens held by the core team and early supporters will be gradually released over four years to avoid large-scale sell-offs in the short term; additionally, holding and staking WCT increases one’s influence in decision-making, potentially up to five times the base influence.
Currently, the market capitalization of WCT in circulation is only $58.96 million, but it can support 240 million connections between different blockchains daily, with over 65% of users continuing to use the service. By the third quarter of 2025, its V2 mainnet will be launched, at which point a cross-chain governance token xWCT will be introduced, allowing holders of this token to participate in the profit-sharing of the multi-chain ecosystem.
According to DeFiLlama data, the scale of funds within the WCT ecosystem has already exceeded $1.2 billion, with 70% coming from traditional institutions, and it is estimated that its valuation may have more than tenfold upside potential.
