《On-Chain King: The Economics of 10 Billion Connections for #WalletConnect 》

Data does not lie: 47.5 million users, 300 million connections, 67,000+DApps—this is the on-chain interaction map built by @WalletConnect over 5 years. More crucially, its annual transaction volume of $187 million supports the value logic of $WCT , with a token circulation rate of 18.6% leveraging 59,000+ staking nodes, and a staking rate as high as 66.1%, setting a record for infrastructure protocols.

The economic model is ingeniously designed: of the total supply of 1 billion, 23% is allocated as an ecological fund to drive developer growth, while staking offers an annualized return of 23% to attract value locking. The 185 million $WCT released in the 2024 airdrop directly activates community governance, causing the voting participation rate to soar by 300%. On-chain data shows that the protocol experiences a trading delay of only 1.4 seconds on Optimism, and after integration with Solana, TPS surpasses 2,300.

The moat of #WalletConnect lies in its full-chain compatibility. The dashboard reveals its support for 8 mainstream chains, including Ethereum and Polygon, covering 98% of DeFi traffic. The Certified Rakuten wallet has seen a 34% increase in user retention due to the integration of this protocol. With the expansion of SocialFi scenarios, it is expected that connection volume will surpass 1 billion by 2025.

Summary: When interaction data becomes the new oil, $WCT is the tokenized certificate of mining rights.