The WalletConnect ecosystem continues to grow at an incredible pace, solidifying its position as the backbone of web3 connectivity. This monthly update provides insights into the latest developments across key metrics such as wallets, connections, and apps, as well as highlighting major milestones and upcoming initiatives. Keeping the WalletConnect Community informed about these advancements keeps WalletConnect at the forefront of the decentralized movement.
Expanding the network: A look at the numbers
The WalletConnect Network has seen significant growth across its core metrics already in the first month of the year:
Total Connections: Connections grew impressively from December to January, climbing from 220 million to an impressive 240 million.
Unique Wallets: Unique wallets increased by 24.8%, rising from 31 million in December to 38.7 million in January.
Unique monthly Wallets grew 77% over the last 12 months from 2.6 million in January 2024 to over 4.6 million wallets in January 2025, showing a huge growth of web3 users in the last 12 months.
The adoption of the WalletConnect Network is still growing with total app projects using WalletConnect Network has risen to 56.9K for January 2025 up from 54K in December 2024.
These metrics demonstrate WalletConnect's increasing adoption as the primary connectivity network for interactions between wallets and apps. This month, in particular, has witnessed a significant surge in web3 activity, driven by a growing number of developers, apps, and users leveraging WalletConnect for secure and efficient onchain connections. As the ecosystem expands, WalletConnect continues to play a critical role in powering decentralized experiences, ensuring interoperability, and enhancing the overall user experience across the web3 landscape.
Ecosystem Update: Reflecting on progress
On the February 4th 2025, WalletConnect is taking the next step in decentralizing connectivity with the WalletConnect Token (WCT) Community Round, launching on CoinList, an opportunity for the WalletConnect community to play a meaningful role in shaping the network’s future. This milestone event offers participants the opportunity to purchase WCT from a 20 million token pool at a fair valuation, with no lock-up periods for added flexibility. Designed with inclusivity at its core, the round features a "filling up from the bottom" allocation structure designed for fair access for WalletConnectors around the globe. Head to the official CoinList sale page to learn more and prepare your account to participate in this pivotal step toward decentralizing connectivity.
Progression on Governance
Governance is a critical aspect of decentralization in Web3, enabling community participation in decision-making to ensure networks evolve transparently and democratically. As WalletConnect Network moves towards full decentralization, introducing governance empowers WCT holders to influence key decisions. Governance is vital for shaping technical upgrades, strategic improvements, and protocol direction. Participants such as developers, users, and ecosystem members can contribute through platforms like Snapshot for voting and Discourse for discussions. To vote, users must stake WCT tokens. Upcoming governance events include the UX Council vote on February 4th, with key milestones leading up to the activation of transferability, if this is voted for.
Meet the Foundation: Pedro Gomes and Jakub Zakrzewski.
Formed in 2024, the WalletConnect Foundation builds a decentralized onchain UX ecosystem, supporting network growth, security, and decentralization. Led by Pedro Gomes (Director) and Jakub Zakrzewski (Executive Director).
Meet Pedro:
Pedro Gomes is the visionary Founder and Foundation Director behind the WalletConnect Network, which has become the backbone of web3 connectivity. Since launching in 2018, WalletConnect is revolutionizing how wallets and apps interact, setting the standard for secure, seamless onchain experiences. Now leading the charge toward decentralization with the WalletConnect Network, Pedro is dedicated to building an open, permissionless future where users and developers are at the core of web3 innovation.
Meet Jakub:
Jakub Zakrzewski is a seasoned fintech leader, working previously at Kraken Exchange and Revolut, driving the global growth and decentralization of WalletConnect as Executive Director of the WalletConnect Foundation. With a track record of scaling high-growth startups, Jakub is focused on expanding WalletConnect’s impact, fostering ecosystem adoption, and ensuring the best onchain UX for users and developers worldwide. His leadership is instrumental in shaping the future of decentralized connectivity.
What’s Next?
Upcoming in Early 2025
The WalletConnect ecosystem roadmap for 2025 is ambitious, with a focus on strengthening decentralization, enhancing utility, and driving adoption across the web3 space. Key initiatives include:
- WalletCon 2025: The WalletConnect Foundation is thrilled to announce that we’re teaming up with Reown to bring you WalletCon 2025, the ultimate gathering for innovators shaping the future of onchain UX. Join us in Denver, Colorado on February 26, 2025, to explore the latest advancements in web3, connect with thought leaders, and collaborate on building the next wave of onchain UX.
- Governance: Continuing to empower the community with robust, transparent, and scalable governance systems. Expect the introduction of voting mechanisms using WalletConnect Token (WCT), new proposals for community-led decision-making, and an increased emphasis on token holder participation in shaping the network’s future.
- Transferability: In early 2025, WalletConnect Token (WCT) holders will vote on enabling token transferability, unlocking the ability to transfer WCT between wallets, apps, and platforms such as exchanges. This milestone will allow token holders to seamlessly transfer WCT among themselves while significantly enhancing token accessibility. By enabling the free movement of WCT, anyone will have the opportunity to obtain the token and actively participate in governance, fostering a more inclusive and dynamic ecosystem, and strengthening the community.