《WalletConnect: The Invisible Operating System of Web3 Connection Layer》
In the hustle and bustle of Web3, most projects chase token prices and short-term hype, while the infrastructure that truly supports the operation of the ecosystem is often overlooked. WalletConnect is such an “invisible champion” — it is not as high-profile as DeFi protocols, but it has become the underlying protocol for communication between over 70,000 dApps and more than 700 wallets, facilitating millions of connections daily, silently carrying the interaction logic of the entire decentralized world.
Its technical core lies in an end-to-end encrypted communication mechanism. When users connect their wallets to dApps by scanning a QR code or clicking a deep link, #WalletConnect generates a symmetric key known only to both parties, with all messages encrypted during transmission. The relay server merely acts as a “postman” and cannot peek into any sensitive information, including addresses, transaction contents, or even user identities. This design fundamentally eliminates the risk of privacy leaks, truly realizing “users control everything.”
Furthermore, WalletConnect is evolving from an open-source protocol into a decentralized network. Its new architecture introduces a distributed database maintained by global node operators, replacing centralized relays, significantly enhancing censorship resistance and system resilience. The driving force behind all this is WCT. This token is not only a governance tool but also the incentive engine for network operation: nodes provide reliable services by staking WCT and earn transaction fee rewards; underperformers will be penalized to ensure service quality. $WCT
As the network gradually migrates to chains like Optimism and Solana, the role of WCT will further expand. Developers can optimize protocol parameters through governance proposals, such as fee structures, encryption standard upgrades, etc., ensuring the continuous evolution of the network. In the future, dApps may directly pay WCT for high-priority connection services, creating a sustainable economic closed loop.
Currently, $WCT has a market capitalization of approximately $64 million, with a circulation only accounting for 19% of the total supply, indicating significant potential for release. More importantly, behind it is a real and growing demand for use — daily transaction volumes stabilize between $75 million and $120 million, proving the market depth is solid.
@WalletConnect is building a community-owned, permissionless connection network, and $WCT is the key to this future.