In the blockchain ecosystem, the value of some projects is not reflected in 'short-term prices', but rather in whether they can become industry standards. WalletConnect is a typical example of this. It is not a competitor of any public chain, but rather a connection layer between all wallets and dApps. From this perspective, its position in the entire industry is extremely unique.
When we assess the investment value of a protocol, we usually approach it from two angles: penetration rate and moat. WalletConnect's data on penetration rate is quite impressive: it supports over 600 wallets and tens of thousands of applications, almost covering mainstream Web3 use cases. This means that without it, user experience would be fragmented again, and this stickiness gives WalletConnect the characteristics of a de facto standard.
Now let's look at the moat. WalletConnect's advantage lies in the fact that it is not only a technical protocol but also an ecological network. As the number of connected applications and wallets increases, its network effects will become stronger. New applications that do not integrate with WalletConnect will face the risk of losing users; once integrated, they will further deepen WalletConnect's industry status. This positive cycle makes it difficult to be easily replaced.
The design of the WCT token is to bind this network value with investment logic. The governance mechanism ensures that token holders have a voice in the future development of the protocol, while the incentive mechanism ensures that nodes and developers can continuously contribute. More importantly, as the number of users and applications increases, the demand for WCT will also grow in sync. This binding relationship makes WCT a 'value carrier' behind the industry standard.
Therefore, from the perspective of investment judgment, WCT is not merely a speculative asset, but rather an 'equity' betting on the evolution of the entire Web3 infrastructure. Once WalletConnect continues to expand its standard status, the value of WCT will also rise accordingly. For long-term investors, this is a structural opportunity worth paying attention to.
