WalletConnect raised $10 M in a Public Sale round on 2025-02-13.

WalletConnect recently completed a Series B funding round, raising $13 million, bringing its total funding to $46.5 million. This round attracted participation from well-known institutions such as Union Square Ventures, Shopify, and Kraken, highlighting the market's strong interest in Web3 infrastructure. As a leading company in the Web3 connectivity layer, WalletConnect charges developers a connection fee of 0.1% through its innovative Protocol as a Service (PaaS) model. In the first quarter of 2025, the protocol's revenue has exceeded $8 million, demonstrating strong growth momentum. The token allocation strategy of WalletConnect is noteworthy. 60% of the tokens are allocated for ecosystem incentives, including node rewards, developer funds, and strategic investments. Meanwhile, the tokens for the core team and early supporters adopt a 4-year linear unlocking mechanism, effectively reducing short-term sell-off pressure. In addition, staking WCT can enhance the voting weight of holders, up to 5 times the base weight, fully reflecting the concept of decentralized governance. Although WalletConnect's current market capitalization is only $58.96 million, the scale of cross-chain connections it supports has reached an average of 240 million times per day, with a user retention rate exceeding 65%. This data highlights the protocol's key position in the Web3 ecosystem. With the V2 mainnet scheduled to launch in the third quarter of 2025, WalletConnect will introduce the cross-chain governance token xWCT, enabling holders to participate in the revenue distribution of the multi-chain ecosystem. According to DeFiLlama, the total locked value (TVL) of the WalletConnect ecosystem has exceeded $1.2 billion, with 70% coming from traditional institutional funds, demonstrating institutional investors' confidence in the project. Considering the importance of WalletConnect in the Web3 infrastructure and its continuously growing ecological value, industry experts believe its valuation may have the potential for over 10 times growth. With the ongoing development of Web3 technology and the expansion of application scenarios, WalletConnect is expected to play an even more significant role in the future digital economy.

Recently, the price of WCT broke through the $0.5 mark, with a 24-hour Trading Volume reaching a historic high of $31.68 million. This breakthrough has attracted widespread follow from the market and reflects that the Web3 infrastructure sector is experiencing an important turning point. On-chain data shows that several well-known exchanges have recently increased their wallet addresses by more than 20 million WCT, accounting for 10.7% of the circulating supply. This move suggests that institutional investors' confidence in WCT is increasing. At the same time, the annualized yield (APY) of WCT's staking mining has risen from 15% to 22%, with the proportion of locked tokens reaching 35%, providing strong support for the price of WCT. The surge in WCT price can be attributed to several key factors: Firstly, the surge in cross-chain demand has become the main driving force behind the growth of WCT. Data shows that the frequency of cross-chain operations by decentralized finance (DeFi) users has increased by 120% month-on-month, and the daily average connection volume of WCT has surpassed 1 million times. This trend highlights the important position of WCT in the Web3 ecosystem. Secondly, the entry of institutional investors has brought more attention to WCT. Some large investment institutions have included WCT in their Web3 infrastructure index funds, managing over $500 million. This not only enhances WCT's market position but also injects confidence into its future development. Finally, the upcoming technical upgrade of WCT is also an important factor driving the price increase. The soon-to-be-launched V2 mainnet will support cross-chain minting of Bitcoin inscriptions and NFTs, and will increase single-chain transaction throughput to 10,000 TPS. This technological breakthrough is expected to further expand the application scenarios of WCT, attracting more users and developers. With the continuous development of the Web3 ecosystem, cross-chain interoperability is becoming increasingly important. WCT, as a key infrastructure connecting different blockchains, is gradually being recognized for its value by the market. However, investors still need to exercise caution and closely follow market dynamics and potential risks.

For Web3 enthusiasts, frequently switching between different blockchain wallets used to be a headache. Every time you change wallets, you need to reauthorize each decentralized application (DApp), and repeatedly entering private keys is not only cumbersome but also poses security risks. This experience is like constantly moving in the digital world, which is both time-consuming and labor-intensive. However, with the emergence of WalletConnect, this dilemma has been significantly improved. This innovative protocol provides users with a simple, secure, and efficient way to connect wallets and applications. Its user experience is comparable to the convenience of QR code payments, eliminating the need to enter private keys, greatly enhancing the security of operations. Another major advantage of WalletConnect is its wide compatibility. Whether it's mainstream wallets or niche applications, it can easily support them, allowing users to switch freely between different applications without having to change wallets for specific functions. This flexibility brings unprecedented convenience to users. Nowadays, for Web3 users who frequently use different wallets, WalletConnect is undoubtedly an important tool. It not only simplifies the operational process but also enhances the overall user experience. As the Web3 ecosystem continues to evolve, tools like WalletConnect will play an increasingly vital role in promoting user engagement and driving industry innovation.

In the Web3 environment where multiple chains coexist, cross-chain connectivity has become an indispensable core requirement. WalletConnect, as a widely popular connection protocol, has served tens of millions of users and numerous decentralized applications. This protocol enables the secure interconnection of assets, identification, and data across various blockchains, greatly enhancing user experience and simplifying the development process. With the rapid growth of Blockchain activities, the network calls and resource consumption faced by WalletConnect are also continuously rising. To ensure the sustainability of services, WCT has emerged. WCT is not only a certificate for participating in governance but also an important tool for sharing protocol revenues. Through a staking mechanism, the earnings of holders are directly linked to network activity, creating a virtuous cycle. More importantly, the future development direction of WalletConnect will be determined by the community through proposals and voting. This innovative model transforms this infrastructure from a closed system into an open, transparent, consensus-driven public resource. This change enables WalletConnect to respond more swiftly to market demands and maintain its leading position in the industry. For investors, WCT represents a long-term investment in cross-chain infrastructure. Its value stems not only from the scarcity of the token itself but also from WalletConnect's unique position and irreplaceability within the entire crypto ecosystem. As the demand for cross-chain solutions continues to grow, the importance of WalletConnect and WCT may further increase, making a greater contribution to the development of the Web3 ecosystem.

Recently, WalletConnect has continued to innovate in the Web3 connection space, launching a series of significant updates that greatly enhance the functionality and user-friendliness of its ecosystem. As one of the important measures, WalletConnect has teamed up with 1inch to launch a new token reward program. This program has opened an airdrop of 50,000 WCT tokens on the Solana network, aimed at incentivizing users to participate in trading activities, thereby promoting the proliferation of decentralized trading. This initiative has achieved significant results, attracting a large number of users to participate and noticeably increasing trading volume. On a technical level, WalletConnect has undergone an optimization upgrade to its 2.0 version. The new version focuses on improving privacy protection features, including enhanced end-to-end encryption technology and more flexible user data control options, responding to the growing demand for security from users. The platform has also expanded its integration with Phantom and xPortal, now supporting over 600 wallets and certification for 67,000 projects, setting new records for connectivity. Meanwhile, WalletConnect has collaborated with Trust Wallet to launch a deep linking feature optimized for mobile, greatly simplifying the first connection process for new users and enhancing the accessibility of Web3 applications. To support the developer community, WalletConnect has introduced multi-chain gas fee sponsorship features in its AppKit and WalletKit SDKs. This innovative initiative helps lower the entry barrier for users and provides dApp developers with more tools to attract and retain users. Through these positive changes, WalletConnect is driving the standardization and decentralization of Web3 connections, creating more value for the entire ecosystem. These innovations not only bring unprecedented convenience to Web3 users but also solidify WalletConnect's leadership position in the digital connectivity space. As these advancements continue to progress, we can expect to see Web3 technology deployed and popularized in a wider range of application scenarios.