Market overview
The WalletConnect network has become a cornerstone of the Web3 infrastructure, achieving annual growth of 240% by 2025. Today, the network connects over 600 wallets to 40,000 decentralized applications (dApps), serving 4.6 million monthly users and facilitating over 326 million sessions. This expansion reflects the growing demand for seamless cross-chain interactions in the mature Web3 environment.
Key factors
The success of the network stems from integration tools that take into account developers' needs, the enhanced multi-chain capabilities, and strong security protocols. Its evolution into a communication infrastructure in Web3 and its transformation into a resilient physical infrastructure network (DePIN) have attracted both individual users and institutions seeking reliable solutions for cross-chain interactions.
Strategic opportunities
The launch of the WCT token (in April 2025) enables governance management, staking, and contract incentives. With revenues of $5.7 million in 2023 and strong transaction growth, WalletConnect presents opportunities for merchants monitoring tokens related to Web3 infrastructure. It also creates potential value in transaction routing services using artificial intelligence and edge computing.
Ecosystem impact
Community sentiment remains positive as WalletConnect transforms from merely a link to becoming the backbone of the foundational infrastructure for Web3. This positions the network as a key indicator for measuring the widespread adoption of decentralized finance (DeFi) and facilitating cross-chain integration.