WalletConnect is developing rapidly, but it also faces challenges. There are technical risks, such as potential issues with mobile interactions and the need for network stability. Decentralized governance is also difficult; how to balance efficiency and democracy, prevent manipulation by large holders, and ensure the quality of proposals are all challenges. It requires both technology and the community to work together to solve these problems.

Any rapidly developing project will face challenges and risks, and WalletConnect is no exception. Growing from an open-source protocol to a network with tokens and a large ecosystem is like a child's 'coming of age'—it brings joy as well as the pains of growing up. As builders of the ecosystem, we must be clear-eyed about these challenges and work together with the project team to find solutions.
On the technical side, although WalletConnect 2.0 has made significant strides in security and multi-chain support, there are still some potential risks. For instance, on mobile, certain wallet interaction designs may have flaws that lead users to easily trigger phishing pop-ups when switching applications, resulting in asset loss. Additionally, with the surge in connection volume, the stability and latency of the network also need continuous optimization to ensure that a large number of users can have a smooth experience.