In the Web3 ecosystem, wallet connections have become a part of users' daily operations, while the underlying technology support is often overlooked. In fact, the vast majority of wallet connections rely on an open source protocol called WalletConnect. This protocol acts like an invisible bond in the digital world, silently connecting millions of users, thousands of wallets, and tens of thousands of decentralized applications (DApps).

The importance of WalletConnect can be compared to the TCP/IP protocol in the internet. It not only enables seamless communication between over 600 wallets and 65,000 DApps but also ensures the security of cross-chain operations and even facilitates interoperability between different public chains. Without this "connection hub", Web3 could become a series of isolated information islands.

Recently, WalletConnect's native token WCT has started to show its potential on the Optimism and Solana networks, gradually introducing governance and staking features. Considering the connection frequency of over 300 million times daily, the commercialization prospects of WalletConnect are promising. Possible future revenue sources include transaction fee sharing within the ecosystem and value-added services aimed at enterprises.

As a widely adopted but seldom mentioned infrastructure, the value of WalletConnect may be seriously underestimated. In the Web3 field, projects that quietly build infrastructure often achieve robust success in the long-term development. As it begins to explore revenue models, we may see a potentially huge ecosystem gradually taking shape.