@walletconnect Breaking the Boundaries of Web3: Interpreting the Value Prospects of Next-Generation Cross-Chain Communication Protocols
As a key component of Web3 infrastructure, WalletConnect has long surpassed simple wallet connection functions and evolved into a core communication protocol that supports a multi-chain ecosystem. Its V2 version achieves cross-chain messaging and state synchronization through a decentralized relay network, providing a secure and reliable communication layer between dApps and wallets.
Technological innovation is reflected in three dimensions: first, end-to-end encryption is employed to ensure communication security; second, multi-chain namespaces are supported, allowing a single connection to handle requests from multiple chains simultaneously; most importantly, a reverse communication channel is realized through push notification functionality, fundamentally changing the way dApps interact with users.
The economic model design of the $WCT token is intricate: nodes need to stake tokens to provide relay services, dApp developers consume tokens to obtain API call quotas, and users can use tokens to pay for premium feature fees. This multi-party economic model creates a sustainable demand loop.
With the popularization of account abstraction and smart contract wallets, the WalletConnect protocol will become the core entry point for users to interact with on-chain applications. Its network effect continues to strengthen with the increasing number of integrated dApps and wallets, now supporting over 200 wallets and more than 1,000 dApps, forming a deep moat.
From an investment perspective, $WCT's current market capitalization is still undervalued relative to its infrastructure position. As an indispensable communication middleware in the Web3 stack, its value will continue to grow with the development of the entire ecosystem.
