《Value Discovery: Why WCT is the Alpha Asset of Web3 Infrastructure?》

Examining the Web3 infrastructure track, @WalletConnect shows a rare profit paradigm: the protocol does not extract user transaction fees but captures ecological value through $WCT staking pools. Key metrics reveal Alpha opportunities - 123 million staked tokens (accounting for 66% of circulation) create deflationary pressure, while an annual trading volume of 187 million USD endows it with cash flow properties.

The design of token economics is brilliantly highlighted: a 23% staking annualized return exceeds the industry average of 12%, attracting 59,000 long-term holders; the 185 million airdrop in 2024 will double the circulation, yet the release of governance rights boosts market value. On-chain data shows that for every 10% increase in protocol integration, the $WCT 30-day volatility decreases by 7%, emphasizing strong fundamental support.

The moat of #WalletConnect lies in its irreplaceability. The sunk cost of 67,000+DApps makes it the default standard, and Certified certification provides compliance channels for giants like Rakuten. As the SocialFi scenario explodes on the OP Stack, the protocol's connection volume is expected to exceed an average of 5 million times per day, creating continuous income for stakers.

Summary: In the valuation bubble of Web3, $WCT is one of the few infrastructure assets with actual cash flow.