In today's noisy cryptocurrency market, we are often misled by projects with short-term big pumps. However, what truly deserves our attention are those projects that steadily develop based on solid technology and ecosystems. WalletConnect (WCT) is such a case that is worth exploring in depth.

Since its launch in 2018, WalletConnect has played an important role in the Web3 space as an open-source protocol. Its core function is to achieve seamless and secure connections between mobile wallets and decentralized applications (DApps). As of now, WalletConnect has served over 47.5 million wallet users, completed more than 309 million secure connections, and supports over 60,000 applications and more than 700 wallets. These data fully demonstrate its widespread application and influence in the industry.

From a technological development perspective, WalletConnect launched the v2 protocol in 2023, significantly enhancing performance and scalability. In 2024, the project took another step forward by introducing 'permissioned nodes' operated by several well-known institutions such as ConsenSys, Ledger, Figment, and Nansen, moving towards a more decentralized direction. This initiative not only strengthens the robustness of the network but also reflects the project team's commitment to the principles of decentralization.

The market's confidence in WCT is also quite strong. In CoinList's community financing round, WCT received tremendous support, with the fundraising amount far exceeding expectations, reaching $15.5 million. On the Echo platform, WCT's tokens sold out in just 11 seconds, demonstrating investors' high recognition of the project.

The practicality of the WCT token is also an important support for its value. Currently, WCT can be used for network staking, with the total amount staked exceeding 120 million coins and an annualized yield reaching 22%. In addition, holders can participate in network governance, contributing to the future development direction of the project. WCT can also be used to incentivize network node operators and may be used in the future to pay for network service fees.

Overall, WalletConnect, as an important component of Web3 infrastructure, is gradually building a more interconnected, secure, and decentralized digital asset ecosystem through its technological innovations, wide application, and robust token economic model. For investors who focus on long-term value and technological development, WalletConnect is undoubtedly a project worth closely following.