WalletConnect Powers Web3 Connectivity
• Market Context: WalletConnect is one of the most widely used protocols for connecting wallets (like MetaMask, Trust Wallet) to dApps. Its growth directly improves crypto UX and adoption.
• Key Drivers:
• Expansion into multi-chain support beyond Ethereum (e.g., Solana, Cosmos, Bitcoin L2s).
• Integrations with major DeFi protocols and NFT marketplaces streamline onboarding.
• Institutional-grade WalletConnect features (session management, compliance layers) make it enterprise-friendly.
• Implication: WalletConnect is becoming the bridge infrastructure for Web3, essential for scaling user adoption and interoperability across blockchains. While it’s not a tradable token, projects built on WalletConnect’s rails (and tokens tied to its ecosystem) gain adoption benefits.
✅ Summary:
• WalletConnect continues to serve as critical infrastructure, supporting long-term adoption.