WalletConnect: The Backbone of Onchain Connectivity Enters a New Era

Since its inception in 2018, WalletConnect has grown into a cornerstone of the Web3 ecosystem, enabling users to seamlessly interact with decentralized applications across blockchains. Today, it stands as the most recognized gateway in onchain connectivity—bridging wallets, apps, and protocols with unmatched reliability and scale.


A Network Built on Trust and Proven Utility

With over 275 million connections and more than 45 million users worldwide, WalletConnect has firmly established itself as a leader in onchain infrastructure. From major players like MetaMask, Binance, and Polymarket to emerging dApps, WalletConnect is a near-ubiquitous presence across Web3.

This isn’t just a story of broad adoption—it’s one of resilience, innovation, and trust. Amidst a market frequently distracted by hype and vaporware, WalletConnect has consistently delivered open-source, reliable tools for builders and users alike.


Powering the Next Chapter: The WalletConnect Token (WCT)

Now, the project is entering a transformative phase with the launch of the WalletConnect Token (WCT)—a move toward a decentralized, permissionless, and community-owned future.

The WCT is a utility-powered token designed to align incentives across the ecosystem. It will power:

  • Fees for network services (with future governance-determined structures)

  • Rewards to node operators, wallet providers, and other contributors

  • Staking mechanisms to secure the network

  • Governance to enable community decision-making



Decentralization in Motion

WalletConnect has already begun its roadmap to decentralization. After a significant technical upgrade in 2023, the network introduced global node operators like Consensys, Ledger, Figment, and Nansen in 2024, bringing security and scale through distributed infrastructure.

Community involvement is central. Through initiatives like the Token Community Round, WalletConnect invites early adopters and contributors to take part in shaping the protocol’s future.



Impressive Traction and Momentum

Recent metrics reveal just how much WalletConnect has grown:

  • March 2025 alone saw 18 million connections via the top eight Web3 wallets.

  • Over 61,000 applications now connect to 600+ wallets through the network.

  • Year-over-year, connections surged from 41 million (2023) to 179 million (2024), and user growth climbed from 7.2 million to 31 million.

WalletConnect also saw tremendous interest in its fundraising rounds:

  • CoinList community round was oversubscribed 4x, attracting 18,000+ participants.

  • The Bitget LaunchX community round saw $326M+ committed, far exceeding its $4M target.

  • $1.5M was raised from private community backers.



Tokenomics Designed for Longevity

The total supply of WCT is capped at 1 billion tokens, with allocations designed to sustain growth and reward participation:

  • 27% to the WalletConnect Foundation

  • 18.5% for airdrops

  • 18.5% to the team

  • 17.5% for staking and performance rewards

  • 11.5% to early backers

  • 7% for core protocol development



The Future of Onchain UX

WalletConnect isn’t just a tool—it’s infrastructure, the connective tissue of Web3. With its robust network, community-driven approach, and token economy, it is uniquely positioned to shape the future of decentralized connectivity.

As onchain activity accelerates and user expectations evolve, WalletConnect is prepared to meet the moment—with a network built to scale, a token designed to empower, and a vision rooted in decentralization.