WalletConnect is an open-source communication protocol designed to securely connect cryptocurrency wallets (such as MetaMask, Trust Wallet) with decentralized applications (DApps) through end-to-end encrypted QR codes or deep links, ensuring that users' private keys remain on their local devices and that interaction data is encrypted throughout the transmission. Its core values are:

1. Cross-chain compatibility: Supports over 50 mainstream public chains such as Ethereum, Solana, and Bitcoin, enabling seamless interaction in a multi-chain ecosystem without users needing to switch tools to access different blockchain DApps.

2. Decentralized architecture: Utilizes a distributed node network (service nodes + gateway nodes) and convergent hashing technology to avoid single points of failure, enhance censorship resistance, and gradually transition to a permissionless model.

3. Security and privacy protection: All communications are encrypted with symmetric keys, DApps only receive transaction signature results, and private keys are never exposed, fundamentally eliminating the risk of leakage.

4. Ecosystem scale: Covers over 600 wallets and more than 40,000 DApps (such as Uniswap, OpenSea), with a total of over 180 million connections, serving 24 million users, becoming the de facto standard for the Web3 connection layer.

Its native token $WCT (total supply of 1 billion) is issued based on Optimism, used for governance voting, staking incentives (annualized 8–15%), and future relay service fee payments, promoting the decentralized development of the protocol.

#WalletConnect and $WCT , @WalletConnect