In the field of Web3 infrastructure, WalletConnect Token (WCT) is gradually becoming the focus of attention in the industry. As WalletConnect's market share in the wallet connection sector continues to rise, the value potential of WCT is becoming increasingly prominent. This article will delve into the long-term development prospects of WCT from three perspectives: ecological positioning, functional application, and market demand.

First of all, from the perspective of the ecosystem, WCT plays a core role in the WalletConnect ecosystem. As a decentralized protocol, the development of WalletConnect relies on community participation and governance. WCT, as a governance token, grants holders the right to participate in significant decisions, including the direction of protocol upgrades, support for new public chains, and key issues such as partner access. As WalletConnect's influence in the Web3 domain expands, the governance value of WCT will also increase.

Secondly, the application scenarios of WCT are continuously expanding. Currently, WCT plays a role in multiple areas: users can use WCT to obtain transaction fee discounts for the advanced features of WalletConnect; in activities in cooperation with decentralized applications (DApps), WCT serves as the primary reward token; in the future, WalletConnect plans to introduce a node network, and WCT will become a necessary asset for node staking. These application scenarios not only increase the practicality of WCT but also enhance its locked-up volume and market demand.

From the perspective of market demand, the rapid growth of the WalletConnect user base has directly driven the demand for WCT. Currently, WalletConnect has more than 10 million monthly active users, and the number of supported DApps and wallets continues to increase. As the user base of Web3 expands, WalletConnect's market penetration rate is expected to rise from the current 30% to over 50%. As the core token of the ecosystem, the demand for WCT will continue to grow accordingly.

Although the price of WCT may fluctuate in the short term due to market sentiment, in the long run, its value will be closely linked to the development of the WalletConnect ecosystem. With the continuous advancement of Web3 technology and the expansion of its application scope, WCT, as a value hub for connecting infrastructure, has potential that warrants continuous attention and expectation from market participants.