In the world of Web3, wallets are the entry point, but there are too many entry points, leading to fragmented user experiences. Each DApp is trying to entice users to install specific wallets, resulting in a fractured ecosystem where traffic cannot flow. What WalletConnect does is simple yet profoundly impactful: it connects all wallets and all applications together.
It is not a wallet, but a protocol. Any DApp that integrates with WalletConnect can immediately support hundreds of wallets; any wallet that connects to WalletConnect can seamlessly interface with thousands of DApps. For users, this means 'one code to rule them all'; for developers, this results in a significant reduction in costs. This universality is what makes WalletConnect a foundational infrastructure in Web3.
The key lies in balancing security and experience. Wallet signatures are transmitted peer-to-peer throughout the process, with no centralized servers storing sensitive information; at the same time, scan-to-connect and mobile pop-up confirmations almost reduce the barriers to the extreme. Users do not need to deal with complex configurations, nor do they have to doubt the security of their private keys. This 'invisible' design gives the protocol a low presence but high value.
In the future landscape, whoever can control the entry point can define the ecosystem. WalletConnect is not competing with wallets, but rather building a network on top of them. The more users this network covers, the higher the barriers to the ecosystem. This is the true moat: when all traffic becomes accustomed to using WalletConnect to open doors, it becomes the industry's passport.