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Looking back, I once misunderstood the importance of WalletConnect. Initially, I simply viewed it as a scanning tool for connecting wallets and decentralized applications (dApps), similar to some conveniences in everyday life. However, a chance development experience completely changed my perspective.
While developing a dApp for a friend, I was surprised to find that not supporting WalletConnect almost meant losing the vast majority of potential users. After further research, I realized that the influence of WalletConnect far exceeded my imagination. It is not only adopted by over 600 mainstream wallets, including MetaMask, Phantom, and Trust Wallet, but has also become a connecting bridge for more than 60,000 dApps.
This discovery has prompted me to reevaluate the role of WalletConnect. It is not just a simple tool, but an indispensable infrastructure within the Web3 ecosystem. In a world of Decentralization, WalletConnect acts like the "invisible veins" connecting various independent entities, providing the necessary protocol support for interactions between users and applications.
The importance of WalletConnect is also reflected in the evolution of its business model. Initially, it existed as a free service, but with the launch of the WCT token, we have seen a sustainable ecosystem forming. In the future, we may see a usage-based fee structure that not only supports the ongoing development of WalletConnect but also brings potential benefits to token holders.
Even more exciting is WalletConnect's potential in the cross-chain field. By deploying on different public chains such as Optimism and Solana, WalletConnect is positioning itself as a core hub in the era of cross-chain. This strategic move could make it a key "toll booth" in the entire Web3 ecosystem.
Overall, WalletConnect is evolving from an underestimated tool into a key infrastructure of the Web3 world. Its development is not only related to the success of a specific application but also represents a bet on the future of the entire Web3 ecosystem. As decentralized applications and cross-chain interoperability continue to develop, the importance of WalletConnect will only increase.