WalletConnect is a protocol that enables users to connect their self-custody crypto wallets to decentralized applications (dApps) through a secure, encrypted bridge. Instead of relying on browser extensions or centralized authentication, users can scan a QR code or use deep linking to establish a direct and safe connection. Since its launch in 2018 by Pedro Gomes, WalletConnect has expanded to support more than 75 major wallets, including MetaMask, Trust Wallet, Rainbow, and Argent.
How It Works
The protocol creates a secure communication channel between a wallet and a dApp. A dApp generates a connection payload in the form of a QR code, which the user scans through their wallet. Once approved, an encrypted session is established, enabling transaction signing and message verification without ever exposing private keys.
WalletConnect v2.0
The release of v2.0 brought major improvements to the ecosystem:
Multi-chain support for seamless interaction across blockchains
Push notifications to improve engagement between dApps and users
A decentralized node infrastructure to ensure scalability and resilience
The Role of WCT
The @WalletConnect Token (WCT) powers the network through staking, governance, and fee payments. This tokenomics model incentivizes participation, decentralizes decision-making, and secures protocol operations.
Adoption and Growth
WalletConnect has facilitated over 335 million connections and is integrated with more than 70,000 dApps. With over 47.5 million unique wallets connected, its adoption highlights the protocol’s importance in Web3.
Looking Ahead
The project aims to further expand cross-chain interoperability, refine user experience, and strengthen decentralization. As the ecosystem evolves, WalletConnect is positioned as a core infrastructure layer that simplifies access to decentralized applications while ensuring user control and security.
