Latest Developments of WalletConnect
According to the announcement, OKX is about to launch WCT (WalletConnect). The specific schedule is as follows: The opening time of WCT: 6:00 p.m. on April 15, 2025 (UTC+8); The spot trading time of WCT/USDT will be notified separately.

Introduction to the WalletConnect Project
WalletConnect is an open protocol developed by Reown for secure communication between wallets and Dapps (Web3 applications).
This protocol uses a bridge server to establish a remote connection between two applications and/or devices to relay the payload. These payloads are symmetrically encrypted using a shared key between the two peers. The connection is initiated by a peer that displays a QR code or a deep link with a standard WalletConnect URI, and it is established when the other party approves this connection request.

Advantages of WalletConnect

Full-chain Compatibility Feature
WalletConnect adopts a truly chain-agnostic architecture design and can natively support the interconnection of mainstream blockchain ecosystems such as the Ethereum mainnet and its layer-2 networks, Solana, Cosmos, Polkadot, and Bitcoin. This feature effectively solves the pain point that users need to switch different connection tools in a multi-chain environment and realizes seamless cross-chain interaction.

Transmission Encryption
The WalletConnect relay service adopts an end-to-end encryption mechanism (E2EE) to construct a secure data transmission channel. This architectural feature enables it to meet the stringent security requirements of future scenarios, preventing intermediate parties in the interaction from obtaining users' Internet consumption privacy.

Highly Available Node Architecture
The network service nodes adopt a special fault-tolerant design, and session data is continuously saved through the innovative "offline mailbox" mechanism. This architecture can effectively handle the extreme situation of long-term offline client devices and achieve data synchronization and recovery when users reconnect. It not only ensures the reliability of network services but also guarantees the continuity of users' interaction experience.

The WalletConnect Team

Jess Houlgrave is the CEO of WalletConnect. He was previously the Chief of Staff at Checkout.com and the Co-founder and COO of Codex Protocol.

Pedro Gomes is the founder of WalletConnect and has participated in building products such as the WalletConnect protocol and Web3Modal. He also previously engaged in full-stack development work at Connext.

Financing of WalletConnect

On February 14, 2025, WalletConnect completed a public offering round of financing of $10 million.
On January 15, 2025, WalletConnect completed a Series B financing of $13 million.
On November 3, 2022, WalletConnect completed a financing of $12.5 million.
On March 8, 2022, WalletConnect completed a Series A financing of $11 million.

Summary of WalletConnect
WalletConnect provides developers with a set of flexible connection solutions, enabling users to access various DApps securely and conveniently. This protocol supports multi-compatibility, allowing users to first explore the functions of DApps through assistance. After confirming that the experience meets their expectations, they can seamlessly switch to formal interaction. This mechanism not only lowers the usage threshold for new users but also provides more flexible management strategies for senior users, thus significantly enhancing the overall interaction experience