Deep Dive
1. Base Network Launch (September 2025)
Overview: WalletConnect executed a key expansion by launching its token on the Base network. This integration connected WCT to a high-activity ecosystem known for consumer apps and institutional projects, leveraging Base's scalability and low fees. The launch was announced by the WalletConnect Foundation (WalletConnect).
What this means: This is bullish for WCT because it directly increases the token's addressable market and utility within a vibrant ecosystem, potentially driving new demand from Base-native apps and users. The bearish risk is that adoption depends on the broader growth trajectory of the Base ecosystem, which can be affected by market cycles.
2. Total Value Facilitated Metrics Launch (Date TBD)
Overview: A planned roadmap item is the launch of Total Value Facilitated (TVF) metrics. This will provide a transparent, onchain measure of the economic value flowing through the WalletConnect Network, offering a new fundamental data point for the ecosystem (Blockworks).
What this means: This is neutral-to-bullish for WCT because transparent metrics can build credibility and help the community assess network growth objectively. However, its impact depends on whether the data reveals strong, sustained usage that attracts further development and investment.
3. WCT Expansion to More Chains (Date TBD)
Overview: The Foundation plans to continue its multichain expansion strategy, making WCT available on additional blockchains beyond Ethereum, Optimism, Solana, and Base. This aims to make the token chain-agnostic, mirroring the protocol's core connectivity function (Blockworks).
What this means: This is bullish for WCT as it enhances utility and liquidity across the crypto landscape, reducing chain-specific risk. The bearish angle is that each new integration requires technical and community effort, with success contingent on forging strong partnerships in each new ecosystem.
Overview: A core long-term vision involves decentralizing the network's economics and operations. This includes introducing community-governed fee mechanisms for network services and enabling permissionless node operations, shifting control from the Foundation to token holders (Blockworks).
What this means: This is strongly bullish for WCT because it activates the token's core governance utility and could create a sustainable fee-driven economy, aligning incentives for all participants. The key risk is execution; a poorly designed fee model or slow decentralization could delay value accrual to the token.
Conclusion
WalletConnect's roadmap is strategically focused on expanding its multichain footprint and methodically decentralizing its network's governance and economics. The key trajectory is evolving from a useful infrastructure product into a community-owned protocol. Given the current market-wide extreme fear sentiment, how might the pace of this decentralization impact WCT's utility during a potential recovery?