# WalletConnect: The Web3 Connector You Might Be Using Unknowingly It must be said that Web3 can indeed be confusing. Wallets are everywhere, and there are numerous dApps on every chain. People constantly need to switch wallets, copy and paste, connect and disconnect, which can be exhausting.
Yet there is a tool that has been quietly working behind the scenes while other projects are heavily promoting themselves. WalletConnect focuses solely on its own development, growing quietly, reliably, and on a large scale.
As of now, WalletConnect has achieved the following: - 🛜 Over 300 million secure connections - 🔌 Integrated with over 61,000 dApps
## Introducing $WCT —Not Just an Ordinary Token Let’s clear the fog: $WCT is not the kind of “pump and dump” scam. This token has actual utility and is designed with long-term development in mind, with specific uses as follows: - **Staking**: Protect the network through staking while earning protocol rewards to maintain normal network operations. - **Governance**: Users holding WCT can vote on the future development of the protocol. There is no central authority here; decisions are made collectively by the users. - **Earn Rewards**: Whether you are running a node, frequently connecting, or contributing to the project, WalletConnect recognizes and rewards you. - **Powering the System**: In the future, a model based on monthly active users (MAU) may be adopted, with related fees payable in $WCT . This is a token linked to actual activities rather than supported by hype.
## Why WalletConnect is So Important I believe everyone has experienced this: switching wallets while using a dApp, resulting in errors and having to refresh the page multiple times. WalletConnect has called out “enough” and resolved this chaotic situation.
It provides us with a simple way to connect across wallets and applications. Moreover, it achieves all this while remaining open-source, developer-friendly, and extremely reliable, even during turbulent market periods.
WalletConnect is not just a practical protocol; it is the connectivity of Web3. #WalletConnenct $WCT @WalletConnect @wallectconnect
Through WalletConnect, an open-source protocol, securely connect your crypto wallet to thousands of dApps and dive deep into the decentralized world! Whether you are trading on DeFi platforms, minting NFTs, or exploring blockchain games, WalletConnect makes it seamless through QR code scanning or deep linking, while keeping your private keys safe. Supporting over 600 wallets and 67,000 projects across major blockchains like Ethereum and Binance Smart Chain, 47.5 million users trust its secure, encrypted connections. Powered by $WCT (native token), you can stake, earn rewards, and participate in governance to shape the future of the WalletConnect network. Join the revolution and experience an unprecedented web3! #WallectConnect @WalletConnect
#WalletcConnect @WalletConnect WCT's recent sharp decline has sparked market controversy. The project's fundamentals, market sentiment, and historical performance need to be analyzed from multiple dimensions:
1. Core Risks: Overvaluation bubble and ongoing selling pressure. WCT's annual income is only 2 million, with a PS ratio as high as 60 times, far exceeding the industry average, presenting the risk of valuation regression. Circulation risks include 44% retail mining chips and 32% early institutional holdings, which can easily trigger sell-offs.
2. Token Economic Design Flaws: Utility lag, lack of value capture capability, inflation incentives backfiring, continuously suppressing coin price.
Potential Opportunities: Undervalued recovery and ecological catalysts. Technical indicators show oversold rebound potential, ecological progress, and value reassessment, with a long-term layout window. Key indicators comparing bulls and bears show that while there is a bubble, the market cap has significantly discounted, presenting rebound opportunities.
Current valuation is high, selling pressure has not been released, and there is a risk of going to zero; if the price falls below $0.3 and the Q3 fee mechanism is implemented, there is hope for value reassessment. It is recommended that investors strictly adhere to discipline, engage in short-term event-driven speculative rebounds, and wait for right-side signals on fundamentals for long-term investments, avoiding blind bottom fishing.