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46.5 million USD financing secured! Union Square, Shopify heavily invest in WCT, Web3 infrastructure valuation reconstruction
Top capital bets on WCT! Valuation over 1 billion USD + institutions locked up for 4 years, on-chain connection protocol becomes a new printing machine!
In February 2025, WalletConnect completed a Series B financing of 13 million USD, with total financing reaching 46.5 million USD, strong entry from top institutions like Union Square Ventures, Shopify, and Kraken! As the absolute leader of the Web3 'connection layer', WCT charges a 0.1% connection fee to wallet and DApp developers through a **Protocol as a Service (PaaS)** model, with protocol revenue surpassing 8 million USD in Q1 2025. Its token distribution mechanism is a model for the industry:
• Ecosystem incentives: 60% of tokens are used for node rewards, developer funds, and strategic investments;
• Lock-up design: core team and early supporters' tokens are linearly unlocked over 4 years to avoid short-term selling pressure;
• Governance weight: staking WCT can enhance voting power, up to 5 times the base weight.
Market value analysis:
Currently, WCT's circulating market value is only 58.96 million USD, while its supported cross-chain connection scale has reached an average of 240 million daily connections, with a user retention rate exceeding 65%. With the V2 mainnet launching in Q3 2025, WCT will fully open cross-chain governance tokens (xWCT), allowing holders to participate in the revenue distribution of a multi-chain ecosystem. According to DeFiLlama data, WCT ecosystem TVL has surpassed 1.2 billion USD, with 70% coming from traditional institutional funds, indicating a valuation growth potential of over 10 times.
#WalletConnect @WalletConnect $WCT
Top capital bets on WCT! Valuation over 1 billion USD + institutions locked up for 4 years, on-chain connection protocol becomes a new printing machine!
In February 2025, WalletConnect completed a Series B financing of 13 million USD, with total financing reaching 46.5 million USD, strong entry from top institutions like Union Square Ventures, Shopify, and Kraken! As the absolute leader of the Web3 'connection layer', WCT charges a 0.1% connection fee to wallet and DApp developers through a **Protocol as a Service (PaaS)** model, with protocol revenue surpassing 8 million USD in Q1 2025. Its token distribution mechanism is a model for the industry:
• Ecosystem incentives: 60% of tokens are used for node rewards, developer funds, and strategic investments;
• Lock-up design: core team and early supporters' tokens are linearly unlocked over 4 years to avoid short-term selling pressure;
• Governance weight: staking WCT can enhance voting power, up to 5 times the base weight.
Market value analysis:
Currently, WCT's circulating market value is only 58.96 million USD, while its supported cross-chain connection scale has reached an average of 240 million daily connections, with a user retention rate exceeding 65%. With the V2 mainnet launching in Q3 2025, WCT will fully open cross-chain governance tokens (xWCT), allowing holders to participate in the revenue distribution of a multi-chain ecosystem. According to DeFiLlama data, WCT ecosystem TVL has surpassed 1.2 billion USD, with 70% coming from traditional institutional funds, indicating a valuation growth potential of over 10 times.
#WalletConnect @WalletConnect $WCT
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