Let's talk about Binance's recent launch of $WCT (WalletConnect)

WalletConnect Network is a chain-agnostic, high-performance decentralized connection protocol. It aims to achieve interoperability between user wallets and various applications, covering multiple platforms and devices, addressing user experience (UX) and developer experience (DX) challenges in the web3 space.

For example, if you want to log into some web3-related websites using your mobile phone, you can use it to scan the QR code to log in.

The launch of WCT somewhat addresses Binance's “usage” demand and is also a strategy to consider its future wallet layout.

In the future, wallets will be the most important and critical strategic layout in the crypto ecosystem. With the recent on-chain capital activity and various CEX data performance, the demand for DEX and wallet markets is continually expanding and has become a market that cannot be ignored.

At this stage, Binance, not yet in a bear market, is using third-party or ecosystem collaboration models to address the “initial market user acquisition” needs, which, in terms of comprehensive cost-effectiveness, surpasses “technical development.”

Therefore, combining the current market data and Binance wallet's demand for the market, the launch of project $WCT at this time further indicates Binance wallet's market strategy. #WalletConnect @WalletConnect