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WalletConnect

WalletConnect is an open protocol that securely communicates between wallets and Dapps (Web3 Apps). A bridge server is used to relay payloads, which are encrypted with a shared key between the two peers. The connection is initiated by one peer displaying a QR Code or deep link with a standard WalletConnect URI and is established when the counter-party approves the connection request. An optional Push server can also be used to allow native applications to notify the user of incoming payloads for established connections.

What is WalletConnect?

WalletConnect is an onchain UX ecosystem that enables users to connect their crypto wallets to decentralized applications (dApps) across various platforms and blockchains. Established in 2018, it has become a critical piece of web3 infrastructure, facilitating over 150 million connections for more than 23 million users across 600 wallets and 40,000 applications. WalletConnect's mission is to make the new internet usable by providing a seamless and secure connection between wallets and dApps.

How Does WalletConnect Work?

WalletConnect operates as a chain-agnostic protocol, allowing users to connect their wallets to dApps through deep linking and encrypted QR codes. When a user scans a WalletConnect QR code, the protocol establishes an end-to-end encrypted connection between the wallet and the dApp, ensuring secure and private interactions. This design emphasizes interoperability, connectivity, and composability, creating an open and permissionless user experience platform.

What Makes WalletConnect Unique?

WalletConnect stands out due to its chain-agnostic nature, supporting ecosystems from Ethereum and its Layer 2 solutions to Solana, Cosmos, Polkadot, Bitcoin, and more. Its emphasis on interoperability and user experience has led to widespread adoption, with over 150 million connections facilitated. Additionally, WalletConnect is transitioning towards decentralization, aiming to provide resilience, privacy, and censorship resistance, governed by its native token, the WalletConnect Token (WCT).

Who Are the Founders of WalletConnect?

WalletConnect was founded by Pedro Gomes, a software engineer with a background in developing decentralized applications and blockchain infrastructure. His expertise and vision have been instrumental in establishing WalletConnect as a pivotal component of the web3 ecosystem.

Latest News

What Key Events Have There Been for WalletConnect?

Key milestones for WalletConnect include its expansion to over 70,000 applications and 700 wallets, facilitating more than 300 million connections. The network has also transitioned to a permissioned decentralized database supported by third-party node operators, marking a significant step towards decentralization.

Project Announcements

Recent updates include the introduction of the WalletConnect Token (WCT), which will power the onchain UX ecosystem by serving as a reward and governance mechanism. The token will be minted on Optimism's OP Mainnet, leveraging Ethereum's security and Optimism's speed.

Upcoming Events

Latest Airdrop

WalletConnect has planned multiple airdrop seasons beginning at the end of 2024, aiming to reward users and builders for their contributions to the network. Specific dates, the number of tokens available, and eligibility criteria will be announced closer to the airdrop events.

TGE Time

The Token Generation Event (TGE) for the WalletConnect Token (WCT) is scheduled for late 2024. This event will mark the initial release of WCT, with transferability to be implemented at a later date to ensure optimal network performance.

Projects Announcements

Where to Buy WalletConnect?

WalletConnect Token (WCT) can be traded on several centralized crypto exchanges. The most popular exchange to buy and trade WCT is Binance, where the most active trading pair is WCT/USDT. Other options include Bitget and MEXC.

WalletConnect Price

Daily Trading Volume

As of September 11, 2025, the 24-hour trading volume for WCT is approximately $38.11 million, indicating active market participation.

All-Time High

WCT reached an all-time high of $1.37 on May 31, 2025. Compared to the current price of $0.2885, this represents a decrease of approximately 78.89%.

All-Time Low

The all-time low for WCT was $0.278 on April 15, 2025. The current price reflects an increase of about 3.79% from this low point.

Market Cap and Valuation

Market Cap

The current market capitalization of WCT is approximately $53.73 million, ranking it at #546 among cryptocurrencies.

Fully Diluted Valuation

The fully diluted valuation (FDV) of WCT is $288.56 million, calculated by multiplying the maximum supply of 1 billion tokens by the current price.

WalletConnect Price Prediction

While specific price predictions for WCT are not provided, factors influencing its price include market sentiment, adoption rates, and developments within the WalletConnect ecosystem. Investors should conduct thorough research and consider these factors when evaluating WCT.

FAQ

What is the Purpose of WalletConnect?

How Can I Participate in WalletConnect's Ecosystem?

What Sets WalletConnect Apart from Competitors?

Is WalletConnect Secure?

What are the Risks Associated with WalletConnect?

Community Sentiment

24.52K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.