If you don't do it, I'll do it!!!
Why not do it if you can earn by just a little effort?
WalletConnect (WCT), as the core protocol of Web3 infrastructure, connects wallets and dApps through a standardized communication layer, solving the fragmentation problem of multi-chain ecosystems. Its value is mainly reflected in three aspects:
1. Technical Positioning and Ecological Scale:
As the 'on-chain TCP/IP', it supports over 40 public chains including Ethereum and Solana, covering over 600 wallets and more than 61,000 dApps, cumulatively processing over 300 million connections, with monthly active wallets reaching 5.2 million (annual growth of 95%), becoming the de facto interoperability standard.
2. Token Economic Potential and Risks:
- Advantages: The WCT token design includes staking (annualized 85%), governance, and future fee payment functionalities. If charged based on MAU (0.1-0.3 WCT per use), the annual revenue could reach $30 million, potentially supporting a market value reassessment.
- Risks: Currently, 85% of the staking revenue relies on inflation release, which easily forms a 'digging, withdrawing, and selling' death spiral; fee payment and governance functions have not yet been activated, leading to a utility lag of the token, resulting in a circulating market value of only $125 million (FDV $288 million), with an increase of only 1.5 times compared to private placement costs.
3. Competition and Evolution Direction:
Compared to competitors like MetaMask (not issued a token) and Trust Wallet (market value $350 million), the key to breaking the deadlock lies in translating technology adoption into economic value, such as promoting the implementation of 'connection fee tiers', optimizing account abstraction compatibility, and expanding into on-chain social scenarios. If the revenue share from fees exceeds 30% in the second half of the year and real staking revenue is achieved, it may break the current valuation dilemma.
Brief Comment: WalletConnect is the 'invisible pillar' of the Web3 entry, but the token's value release needs to rely on functional implementation and ecological collaboration, otherwise it may be trapped in the typical contradiction of infrastructure-type projects—high adoption rates and weak token capture ability.#walletconnect $WCT @WalletConnect
