A $200 Million Valuation Connection Empire: How WalletConnect Weaves the Web3 Value Network

47.5 million users, 300 million connections, 67,000 projects — @WalletConnect has taken seven years to forge an open-source protocol into a $200 million on-chain hub. Its moat lies not in technical patents, but in ecological stickiness: when Polygon developers integrate Trust Wallet with AppKit in three minutes, and when Solana users stake $WCT with one click through Jupiter, the protocol has become the undercurrent of cross-chain liquidity.

Token economics are key to ecological self-circulation. Of the total 1 billion tokens $WCT , 27% belongs to the WalletConnect Foundation for ecological incentives (such as airdrops to early node operators), and 18.5% rewards stakers [3,5](@ref). This design allows protocol revenue to grow in sync with participant earnings — for example, when dApps pay WCT to call APIs, the fees will be injected into the reward pool to benefit stakers. In the Binance Launchpool, 40 million $WCT were snapped up by 340,000 users, affirming the market's consensus on the value of a “gateway to on-chain traffic.”

The governance of @WalletConnect is more avant-garde in its decentralization. The WalletConnect Foundation, established in 2024, promotes the transition of node operating rights from Reown to the community; staking $WCT can vote on technical upgrades (such as cross-chain protocol optimizations) and treasury allocations. This boldness in returning protocol control to users has secured $130 million in funding from institutions like Union Square and Coinbase Ventures.

#WalletConnect 's ambition is to build a “communication protocol stack.” Recently collaborating with Qredo to launch a custody solution that combines self-custody with institutional-level security; the arrival of WCT on Solana means a second billion-user channel outside of Ethereum is now open. As Connectivity-as-a-Service becomes a new track, $WCT may become the invisible metric for measuring Web3 interactions.

#WalletConnect is reconstructing the logic of value distribution — it does not produce data, but all data flows are enhancing the value of its tokens.