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.