@WalletConnect is an open-source protocol that makes it easy and secure for people to connect their cryptocurrency wallets with decentralized applications, also called dApps. This connection works across many different blockchains, which means users are not limited to just one network. It creates a smooth and safe way for users to interact with Web3.
The protocol was first launched in 2018 and has grown quickly since then. Today, it supports more than 600 different wallets and connects with over 65,000 decentralized applications. This wide adoption has allowed WalletConnect to help make more than 300 million successful connections, serving around 47.5 million users across the world.
At the center of its ecosystem is the WalletConnect Network, which is powered by its own token called $WCT. The token exists on both Optimism and Solana, two popular blockchain platforms. The role of $WCT is to support decentralized governance, allow staking opportunities, and improve the overall experience for users in the Web3 space.
One of the most important features of WalletConnect is its focus on safety and privacy. It uses end-to-end encryption to make sure that all data is secure when wallets connect to applications. Another powerful feature is chain-agnostic interoperability, meaning it can work across different blockchains without issue.
Because of these features, WalletConnect has become a key building block of on-chain connectivity. It is not only improving the user experience for everyday people but also strengthening the foundation of the Web3 ecosystem by making it more open, safe, and easy to use.
