The Silent Giant: Why $WCT Might Be the Most Low-Key Value Capturer in Web3
In the crypto market, stories and narratives are never lacking. Investors are keen to discuss which public chain will challenge Ethereum, traders are chasing the next hot Meme, while institutions are laying out RWA and on-chain national bonds. Yet beyond this excitement, what truly determines whether Web3 can go mainstream are often those seemingly unremarkable 'underlying standards.'
Since 2018, it has been quietly operating as a connecting protocol, now supporting over 600 wallets, accessing more than 65,000 DApps, and completing over 3 billion end-to-end encrypted interactions. Whether it's NFT trading, DeFi operations, or GameFi logins, users' daily activities almost always revolve around it, yet most people aren't even aware that they are using it.
This 'silence' is precisely a typical characteristic of infrastructure. Electricity, payment networks, and even the TCP/IP protocol of the internet were all rediscovered for their value only after users became accustomed to them.
Unlike before, where it was purely a tool, $WCT brings three key transformations:
Decentralization of governance: Through tokens, the future of the protocol is no longer determined by a single team, but by consensus among the community and token holders.
Cross-chain value capture: Deployments in Optimism and Solana make it a true 'connecting standard' in a multi-chain ecosystem.
This is highly similar to the early evolution path of the internet. Browsers and payment networks may not be the most dazzling applications, but they are the underlying driving forces that enabled the expansion of the internet. @WalletConnect in Web3 is likely on the same track.
