Some foundational infrastructure projects in the industry The data is truly impressive But impressive data alone isn’t enough Projects need to study how to capture value Check out how @WalletConnect is exploring value capture 1/ Total Network Value (TNV) has surpassed $400 billion annually This is the total amount of real on-chain transactions and signatures flowing through the protocol 2/ Massive transactions, signatures, and on-chain interactions are all passing through WalletConnect, the traffic system for on-chain activity The network has achieved economies of scale. The question is no longer about growth but how to capture value 3/ Fees Proposal is the key Free for users, no change in experience The protocol starts charging for economically meaningful interactions: swaps, payments, staking, transfers Fees go to the protocol, not the company All revenue is distributed to stakers, builders, and the ecosystem fund 4/ This is the first time WalletConnect has turned usage into cash flow The protocol gains sustainable revenue WCT now has cash flow anchoring The token shifts from a governance credential to a revenue right The more network activity, the stronger the cash flow, and the more stable the returns for token holders 5/ The incentive structure rewrites the supply-side logic Stakers receive protocol dividends Base Builders automatically claim WCT based on their on-chain contributions Contributors and creators are rewarded based on actual output The revenue-sharing logic shifts from traffic to building 6/ WalletConnect Pay is the second major breakthrough Partnering with Singapore-licensed payment institution dtcpay Entering stablecoin payments and POS scenarios Users scan to pay, merchants receive payments on-chain The communication layer extends to the payment layer, and the protocol begins directly supporting economic activities 7/ Sui support and Fireblocks integration drive institutional adoption DeFi, funds, and custody systems connect accounts and execute transactions via WalletConnect Transforming from a user tool to infrastructure, from connecting wallets to connecting financial systems 8/ Clear evolution path Communication protocol → Payment network → Application-level platform WalletConnect is unifying standards for accounts, signatures, and payments Providing unified access for wallets, dApps, and Web2 enterprises It’s no longer just a component but the operational foundation 9/ WCT is the financial engine of the protocol Governance decides the flow of fees Staking captures cash flow Incentives sustain ecosystem supply These three paths close into a complete economic cycle 10/ Usage generates fees Fees create cash flow Cash flow is distributed to stakers and builders Network supply strengthens, usage continues to rise The cycle becomes internalized, external speculation cools down, and value settles into the network itself 11/ WalletConnect is forming an on-chain economic system $400 billion TNV is the quantitative milestone Fees Proposal is the qualitative turning point Value is starting to be measured, captured, and distributed The protocol enters a self-driving phase A solid start