In the process of blockchain technology evolution, WalletConnect effectively addresses the core pain points of application interoperability in a multi-chain environment by building a decentralized communication protocol. The protocol employs an end-to-end encrypted channel based on TLS 1.3, combined with elliptic curve encryption algorithms, ensuring secure communication while enabling seamless interaction between wallets and dApps.
From the perspective of protocol architecture, WalletConnect employs a layered design concept. The lower layer uses a distributed hash table (DHT) to build a decentralized relay network, the middle layer implements multi-chain protocol adaptation, and the upper layer provides a unified API interface. This design allows the protocol to support heterogeneous blockchain networks such as Ethereum, Cosmos, and Solana, and adaptation work for more than 170 blockchain networks has been completed.
In terms of technical implementation, the protocol adopts a session management mechanism, where each connection session generates an independent symmetric encryption key. When establishing a connection via QR code or deep link, the ECDSA algorithm is used for key exchange, ensuring the security of the connection establishment process. Message transmission uses a topic-based subscription model, supporting real-time message pushing and state synchronization.
In terms of developer experience, @WalletConnect offers a comprehensive SDK toolchain, including development kits for various versions such as Web, Mobile, and Server. These tools support features like automatic reconnection, message queues, and state recovery, significantly reducing integration costs for developers. The ecosystem currently covers over 500 wallet applications and more than 70,000 dApp projects.
The token economic model introduced in $WCT in 2025 incorporates a proof-of-stake mechanism, allowing token holders to participate in network governance through staking, including decisions on protocol upgrade voting and fee adjustments. Relay node operators need to stake WCT to provide network services and receive rewards based on service quality, ensuring the decentralized operation of the network.
The latest version of the protocol has made significant progress in account abstraction, supporting features such as smart contract wallets, batch transactions, and gas fee payments. The newly launched Web3Inbox service establishes a decentralized message-pushing standard, providing new solutions for dApp users to reach out. These innovative features are driving Web3 applications towards a more user-friendly direction.
From the perspective of industry impact, #WalletConnect has become a key component of Web3 infrastructure, and its open standards promote interoperability across the ecosystem. With the continuous development of the multi-chain ecosystem, this protocol plays an irreplaceable role in lowering development thresholds and enhancing user experience, laying an important foundation for the large-scale application of blockchain technology.
