The WalletConnect ecosystem continues to grow at an unprecedented pace, further cementing its position as the backbone of web3 connectivity. This monthly update provides key insights into the latest developments, including network growth, app adoption, and WalletConnect Token (WCT) metrics. Keeping the community informed, is one way WalletConnect remains at the forefront of decentralized innovation.
Expanding the Network: Key Growth Metrics
February 2025 was a record-breaking month for the WalletConnect Network, with substantial growth across core adoption metrics:
Cumulative Connections: As of February 2025 WC has facilitated a total of 256 million connections, up from 240 million in January 2025.
Unique Wallets: The number of unique wallets using WalletConnect increased by 5.1%, growing from 38.7 million in January to 40.7 million in February 2025.
Unique Monthly Wallets: Over the past year, WalletConnect saw a staggering 95% increase in unique monthly wallets, rising from 2.6 million in January 2024 to 5.2 million in January 2025. This surge underscores the accelerating adoption of web3 applications and the growing importance of WalletConnect in everyday onchain interactions.
Total App Projects: The number of apps using the WalletConnect Network continues to rise, reaching 58.9K, an increase from 56.9K. This steady adoption reinforces WalletConnect's role as the go-to standard for wallet-to-app connectivity.
Leading Wallets Driving Adoption
WalletConnect’s growth is driven by its WalletConnect Certified ecosystem, guaranteeing a secure and high-quality user experience. The top five wallets contributing to the most connections this month are:
- Trust Wallet
- MetaMask
- Bitget Wallet
- OKX Wallet
- Binance Wallet
These wallets continue to drive adoption by integrating cutting-edge web3 features, improving security, and enhancing the UX. Their dominance highlights the increasing reliance on WalletConnect for multi-wallet interoperability across apps.
Learn how to become WalletConnect Certified here
WalletConnect Token (WCT) Metrics
The WalletConnect Token (WCT) ecosystem is also seeing significant momentum, with increased staking, token distribution, and fundraising success:
WCT Holders & Staking
- Total WCT Holders: 286,500+
- Staked Tokens: 127,400,000 WCT+, accounting for 12.7% of the total supply
WCT Sale Highlights
WalletConnect’s token sales have been met with overwhelming demand, demonstrating strong community and investor confidence:
- CoinList Community Round: Oversubscribed 4x, attracting 18,000 participants from over 100 countries. A total of $15.5M was pre-funded, surpassing the initial $4M target.
- Private Sale on Echo: Raised $500K in just 11 seconds.
- Bitget LaunchX Community Round: Reached the $4M target within two hours, with 67,000+ participants committing more than $326M, far exceeding the target allocation.
- Private Sales: An additional $1.5M was raised from key community members.
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
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, 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, holders must stake WCT tokens.
The next vote will determine the criteria that must be met before WCT transferability can be enabled. Once these criteria are achieved, WCT will be transferable, allowing users to acquire more tokens. More WCT means greater staking power, better rewards, and a stronger, more secure network.
But to vote on this proposal holders must stake WCT tokens.
UX Council Formation
A UX Council new structure has been approved by the community, comprising key contributors from the WalletConnect ecosystem, representing diverse expertise across technical and non-technical domains. The UX Council serves as a forum to discuss, propose, and collaborate on initiatives and upgrades critical to the network's growth.
The proposal saw significant participation from stWCT holders, with almost 2 million stakeweight votes cast in favor of its creation, demonstrating strong community support for UX improvements.
Here is the breakdown:
- Total Users Voting: 5,755
- Total Stakeweight Voting: 2,051,393
- Yes: 1,971,485.18 stakeweight (96.1%)
- No: 79,911 stakeweight (3.9%)
WalletConnect Rewarding Community: Quests and Users
WalletConnect is actively distributing WCT and rewarding its community through strategic partnerships. Collaborations with wallet providers like Ledger ensure that joint community members receive WCT, recognizing their engagement with the ecosystem.
At the same time, wallets like OKX are running interactive quests that allow users to earn WCT by participating in various activities. These initiatives help onboard more users into the WalletConnect ecosystem while rewarding those who have already engaged with the network.
If you’ve interacted with WalletConnect in the past, you could be eligible for WCT rewards. Given the network’s reach, the majority of web3 users might already qualify, keep an eye on our socials
WalletCon Denver 2025: What happened?
WalletConnect Network: Journey so far
WalletCon 2025, hosted by the WalletConnect Foundation, brought together thousands of attendees, including builders, users, and WCT holders. During the event, Pedro Gomes reflected on WalletConnect’s journey, from its inception as a solution for better web3 connectivity to becoming the essential connectivity layer used by millions worldwide.
Pedro also highlighted the overwhelming support and demand for WCT, emphasizing its critical role in the web3 ecosystem. More than just a token, WCT powers the network by enabling staking, which secures the infrastructure while rewarding participants and ensuring its long-term efficiency and growth.
Attendees at WalletCon didn’t just witness WalletConnect’s progress, they engaged directly with the businesses, projects, and builders shaping the network. Amongst them were Ledger, Flexa, Mesh, Rhinestone, Ambire Wallet, Girin Wallet, Across, Newton, Abstract, Bebop, ChainPatrol, Galxe, Celo, LI.FI, and Hypernative.
What’s Next?
Transferability: WalletConnect Token (WCT) holders who stake their tokens will vote on enabling transferability, unlocking the ability to transfer WCT between wallets, apps, and digital asset platforms. Only actively staked participants may vote to shape the future of WCT, reinforcing committed governance. By enabling the free movement of WCT, stakers will help expand token accessibility, allowing more participants to obtain WCT and engage in governance, fostering a more inclusive and dynamic ecosystem while strengthening the community.