WalletConnect is an open-source protocol developed by Reown, focusing on secure communication between wallets and decentralized applications, aiming to become a benchmark for connectivity in the Web3 ecosystem. Its core product, the WalletConnect protocol, allows users to easily enter the on-chain worlds of DeFi, NFTs, and blockchain games through a simple QR code scanning mechanism, becoming the invisible leader in Web3.
Core value
User-driven connectivity
WalletConnect empowers users with complete control over on-chain interactions through a standardized protocol; whether it's MetaMask, Trust Wallet, or Uniswap, users can connect by scanning a QR code, freeing themselves from cumbersome mnemonic phrases and plugin setups, truly achieving 'connectivity is freedom'.
High-performance interaction support
A protocol optimized for Web3, with connection confirmation in just 0.5 seconds, supporting thousands of interactions per second, ensuring zero latency for DeFi transactions, NFT purchases, and blockchain game interactions, meeting high-frequency scenario demands.
Flexible ecosystem access
Supports over 300 chains (such as Ethereum, Solana, Polygon, etc.), compatible with over 600 wallets and over 61,500 applications, providing developers with powerful tools to seamlessly build Web3 experiences.
Project highlights
Pioneering connectivity ownership
WalletConnect is the first protocol to standardize the connection between wallets and dApps, allowing users to freely choose their connection targets via QR codes or deep links, with data encrypted throughout, having served over 45 million users and facilitated over 274 million connections, receiving widespread acclaim in the Web3 community.
Cross-platform support
WalletConnect covers smartphones, computers, and even smart devices (like watches and TVs), making Web3 functions user-friendly for newcomers while ensuring seamless experiences for traditional users, keeping the on-chain world accessible to everyone.
Technological breakthroughs
Based on Optimism Layer 2 and decentralized nodes, WalletConnect achieves high-performance, low-cost connectivity, enabling developers to integrate quickly through SDKs, and has launched governance frameworks and node operation tools.
Market recognition
As of March 2025, the WalletConnect ecosystem has accumulated over 20 million monthly connections, with over 5 million monthly active users, deeply integrated with leading wallets like Coinbase Wallet and Trust Wallet, with a year-on-year growth of 440% in connection volume, dominating the market.
Technical advantages of WCT
User connection management
Through shared key symmetric encryption, users' connection data (such as wallet authorizations and dApp interactions) is fully protected, utilizing bridge servers and push servers for real-time communication, ensuring security and transparency with a high-performance architecture.
Storage layer: Connection data is stored in a decentralized manner, reducing costs through off-chain operations, while on-chain verification ensures authenticity.
Interaction layer: Supports real-time authorization and multi-user interactions, with an average confirmation speed of 0.5 seconds, rivaling internet-level experiences.
Developer tools: Provides AppKit and SDK, supporting white-label connections and custom integrations, lowering the development threshold for dApps.
Ecosystem compatibility
WalletConnect supports EVM and non-EVM chains, and has integrated with leading dApps like Uniswap, OpenSea, and Aave, incorporating Fireblocks for institutional-grade security management.
Unique selling points of WCT
User freedom
Connection features are optional; users can enjoy free scanning or dive into Web3 governance (staking WCT for voting), balancing convenience and benefits.
Low cost and high efficiency
Use WCT to pay service fees, reducing resource consumption in off-chain communication, making it faster and cheaper than traditional on-chain interactions, with an average monthly application growth of 3.5%.
Extensive ecosystem support
Not only serving DeFi and NFTs, but also supporting blockchain games, DID, and on-chain social interactions, with over 100 teams in discussions for collaboration, covering all Web3 scenarios.
Decentralized assurance
Through 16 nodes (such as Consensys, Ledger) and WCT staking (106.5 million tokens locked), a user-developer co-governance network is built, with top-notch attack resistance.
Conclusion
WalletConnect is an innovative pioneer in Web3 connectivity, with user ownership, high-performance protocols, and flexible ecosystem support, it has become the absolute king of on-chain interactions. As of March 2025, it serves 45 million users, facilitating 274 million connections, a growth of 440%, reshaping the entry experience of Web3 through standardized QR code mechanisms and a decentralized vision. Backed by Coinbase Ventures, a16z Crypto, and the commercial potential of WCT, WalletConnect is redefining the future of on-chain economy. Whether for players or developers, WCT offers a platform that combines convenience and economy, with limitless prospects!#币安LaunchpoolWCT
