In the Web3 ecosystem, WalletConnect is quietly rising, becoming an indispensable infrastructure. This project, while not as high-profile as other ambitious Web3 projects, demonstrates unique advantages in solving the communication challenges between Wallets and Decentralization Applications (DApp).

WalletConnect uses peer-to-peer encryption technology, abandoning the traditional centralized intermediary model, which greatly enhances communication efficiency and security. This innovative approach not only reduces latency but also provides users with a more secure interaction experience.

The development of its ecosystem is remarkable. Currently, the vast majority of top DApps, including Uniswap and OpenSea, have integrated the WalletConnect protocol. Almost all types of wallets, whether plugin wallets or hardware wallets, are compatible with it, reflecting its broad applicability. With 2 million connection requests daily and a 300% annual growth rate, it highlights the market's recognition of it.

Recently, WalletConnect launched the $WCT token, aimed at achieving decentralized governance of the protocol. Token holders can participate in decision-making, including important matters such as node management and system upgrades. This initiative marks WalletConnect's progression towards a Decentralized Autonomous Organization (DAO), gradually evolving from a single communication protocol into the infrastructure of Web3.

The success of WalletConnect lies not in hype, but in its ability to genuinely address industry pain points. Even those with limited understanding of Web3 cannot ignore the significance of WalletConnect in this ecosystem. It is proving itself to be a truly "useful" solution in the Web3 world through practical actions.