Interoperability between encryption wallets and various applications (such as NFT trading platforms and Decentralized Exchanges) has always been a challenge in the Web3 ecosystem. Since its launch in 2018, WalletConnect has served as an innovative solution, successfully connecting over 600 wallets and 65,000 applications, providing users with a seamless Web3 experience.

Currently, WalletConnect has attracted over 47.5 million users and has completed more than 300 million connections. Its usage is simple and intuitive; for example, users can scan the QR code of the Uniswap exchange through the Trust Wallet to easily perform token swaps on Ethereum; or use the Coinbase mobile wallet to scan the code of the Axie Infinity game to synchronize in-game assets to their wallet.

The connection process of WalletConnect is secure and reliable. The application first generates an encrypted QR code, and after the user scans it with their Wallet, a connection is established between both parties through a secure channel in the middle. The entire process uses end-to-end encryption to ensure the privacy and security of user data. Whether in high-speed trading environments like Ethereum Layer 2 or in gaming scenarios on high-concurrency networks like Solana, WalletConnect can provide stable connection services.

WalletConnect has also launched its own token WCT, serving as a governance and incentive tool for the ecosystem. On the Optimism and Solana networks, WCT holders can participate in voting decisions for platform feature upgrades. Additionally, staking WCT can yield returns of 4%-6%, and developers are also required to use WCT to access premium services.

As the range of applications supported by WalletConnect continues to expand, from DeFi lending and NFT trading to on-chain social and metaverse projects, it is becoming a key infrastructure connecting various fields of Web3. This trend of seamless connectivity indicates the future development direction of Web3: users will be able to switch and interact freely and conveniently between various decentralized applications, creating a more open and interconnected digital world.