WalletConnect started in 2018 as an open standard and network for establishing secure connections between decentralized applications and wallets. After several years of development, the project has expanded from a single QR code scanning protocol to an ecosystem integrating hundreds of wallets and applications, allowing users to perform various operations such as message signing, transactions, and logins through a single connection. In September 2024, the project team announced that WalletConnect Inc. would be renamed Reown to highlight its goal of building a complete user experience layer (AppKit and WalletKit) for Web3. Reown remains a core contributor to the open-source WalletConnectNetwork, responsible for developing the SDK and introducing community governance and incentive mechanisms to the network.
In the ecosystem of Web3, the connection layer protocol serves as a crucial link between users and decentralized applications, and its value is often underestimated yet indispensable. WalletConnect (now rebranded as Reown) has quietly grown since its inception in 2018 to become the core infrastructure supporting over 40,000 decentralized applications (dApps) and more than 600 wallet interactions. This article will analyze this protocol layer project, which has facilitated over 2.2 billion connections, from four dimensions: ecological development, token mechanism, market performance, and future potential, as well as the investment logic and risk boundaries of its governance token WCT. #WalletConnect $WCT @WalletConnect
The South Korean cryptocurrency exchange Upbit has announced support for OpenLedger (OPEN) trading in KRW, BTC, and USDT markets, based on the Ethereum network. OpenLedger (OPEN) uses the Optimism OP Stack, focusing on AI contribution tracking, supporting full-process connections for on-chain data, models, APIs, etc. @OpenLedger #OpenLedger $OPEN
Somnia is not a grassroots narrative crypto project; the development company behind it, Improbable, has a significant background. Improbable is a British company founded in 2012 by several graduates of the University of Cambridge. The company's early business direction was distributed cloud computing platforms. With its core product, SpatialOS, Improbable received a massive funding of $500 million in 2017, led by SoftBank, making it the largest funding ever for a startup in the UK at that time. In 2019, Improbable also signed a contract with the UK Ministry of Defence to apply technology in military simulation, which was even used in Ukraine's defense. Its founder, Herman Narula, was subsequently sanctioned by Russia. #Somnia $SOMI @Somnia Official
Binance Wallet and MitosisOrg jointly launch Season 1 Booster Campaign. Users can deposit BNB or USDT into the Simple Yield Mitosis vault through Binance Wallet to share a total of $1,000,000 in MITO token rewards. The tokens earned from the event will be released according to the lock-up period set by the project party, and participants need to understand the related risks. @Mitosis Official #Mitosis $MITO
Pyth Network announced that it has been selected by the U.S. Department of Commerce for the verification and distribution of on-chain economic data. Through collaboration with Pyth, the Department of Commerce is doing much more than just publishing one-time data; it is laying the groundwork for a strategic partnership between the Department and the Pyth network. Pyth will initially provide quarterly GDP data for the past five years, and Pyth's contributors are expected to expand this initiative to support a broader set of economic data. @Pyth Network #Pythroedmap $PYTH
According to The Block, the decentralized lending protocol Dolomite (with a TVL of approximately $800 million) announced that it will expand to the Bitcoin network through integration with Spiderchain developed by Botanix Labs. Spiderchain is a Bitcoin-based Layer 2 solution that employs a proprietary Proof of Stake (PoS) consensus mechanism and transforms Bitcoin from the UTXO model to an Ethereum-like account model, thereby supporting smart contracts. Dolomite has previously operated on several Ethereum-compatible networks, including Polygon zkEVM, Arbitrum, Berachain, and OKX's X Layer. Notably, World Liberty Financial, supported by Trump, appointed Dolomite co-founder Caplan as the project's Chief Technology Strategist. @Dolomite #dolomite #DOLO $DOLO
The Plume team consists of professionals with extensive backgrounds in traditional finance, cryptocurrency, and RWA, ensuring a comprehensive approach to achieving Plume's success. Team members come from Coinbase, Robinhood, LayerZero, Binance, Galaxy Digital, Scale Venture Partners, dYdX, and several other industry-leading companies.
Among them, Chris Yin is the CEO of Plume, who served as the head of Scale Venture Partners from 2019 to 2023, was the Vice President of Product at Rainforest QA from 2017 to 2019, served as the Director of Product at Coupa Software from 2013 to 2016, and founded Xpenser in 2012, which was acquired by Coupa a year later. #PLUMEUSDC #plume $PLUME @Plume - RWA Chain @plumenetwork