In today's rapidly evolving Blockchain technology, WalletConnect is reshaping the infrastructure of the Web3 ecosystem with its unique Wallet and Decentralization application (dApp) connection protocol. This innovative project has achieved over 300 million connections, served 47.5 million users, supported 600 Wallets and 67,000 projects, covering mainstream Blockchain networks.

The core advantage of WalletConnect lies in its open protocol, allowing users to securely connect wallets and dApps by scanning QR codes or deep links. The project was founded by Pedro Gomes in 2018 and has recently been renamed Reown, showcasing its evolving characteristics. Its AppKit feature enables developers to integrate login and smart contract functionalities with just 20 lines of code, significantly simplifying the development process. Meanwhile, the launch of WalletKit further enhances the platform's security, supporting access to over 6000 dApps.

WalletConnect has not only developed rapidly on its own but is also actively collaborating with leading companies in the industry such as Coinbase and Gemini. For instance, through its partnership with Gemini, users can connect to 70,000 dApps with just one integration, greatly enhancing user experience and interoperability within the ecosystem.

In order to promote the Decentralization process, WalletConnect launched the WCT token, incentivizing community participation through staking and governance mechanisms. The foundation established in 2024 further lays the groundwork for the project's long-term development. On the technical level, WalletConnect employs end-to-end encryption and rendezvous-hashing database technology to ensure user privacy and system efficiency. In addition, cooperation with Qredo further enhances the platform's security performance.

Although WalletConnect has made significant achievements in reshaping the on-chain user experience, the degree of decentralization in node distribution and the cost efficiency of cross-chain operations remain challenges that need to be overcome. With continuous technological advancements and the ongoing expansion of the ecosystem, the development potential of WalletConnect and the value prospects of its WCT token are worth the ongoing attention of industry professionals.

WalletConnect is building a more open, secure, and user-friendly infrastructure for the Web3 world, paving the way for the mass adoption of Blockchain technology. As the project continues to evolve, we can expect to see more innovative applications and groundbreaking developments that further promote the prosperity of the Decentralization ecosystem.