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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
In the Web3 world, the WalletConnect protocol plays a key role as an invisible bridge connecting encryption wallets and decentralized applications (DApp). As an open-source protocol, WalletConnect processes over a million transactions every day, making it a leader in Web3 infrastructure.
However, the recent price of WalletConnect (WCT) tokens has experienced significant fluctuations, dropping from a high of $0.66 to around $0.3, sparking widespread discussion in the market. Does this price change mean that the value of WalletConnect is fading? Or could this be an undervalued investment opportunity?
From a technical perspective, the advantages of WalletConnect are still evident. It supports interconnectivity among more than 600 wallets and over 40,000 DApps, and its cross-chain capabilities and end-to-end encryption technology remain at the forefront of the industry. The recent upgrade of the OP mainnet has increased the transactions per second (TPS) to over 1200, demonstrating the ongoing optimization of the protocol. In the future, if the node opening plan is successfully implemented, it may significantly enhance the stickiness of the ecosystem.
From a valuation perspective, WCT's current price-to-sales ratio has dropped from a peak of 60 times to 30 times, gradually aligning with similar infrastructure tokens. Considering that the Web3 user base is growing at over 30% annually, WalletConnect's 'connect as a service' model may still have significant room for development.
WalletConnect is actively expanding its ecosystem. The cross-chain bridging service and GameFi incubation plan set to launch in the third quarter are expected to transform WCT from a single utility token into a more comprehensive value aggregation platform. If its total value locked (TVL) can surpass the critical threshold of $500 million, the price of the WCT token may see significant growth.
Despite the current challenges, the importance of WalletConnect as a key Web3 infrastructure cannot be overlooked. With the continuous development of the ecosystem and the expansion of the user base, WalletConnect may play an even more important role in the future Web3 landscape.