Recently, the price of WCT tokens has experienced a significant fall and has entered a relatively stable phase, lasting for about ten days. Currently, the total Circulating Supply is close to 180 million tokens, of which over 100 million have been locked in staking contracts. This situation means that the actual number of tokens circulating in the market is very limited, resulting in a relatively tight liquidity condition. Large-scale staking activities combined with the continuous release of staking rewards may become key factors supporting price stability.

However, the long-term development prospects of WCT still have uncertainties. The core issue is whether WalletConnect can further expand its practical application scenarios, and whether the actual usage level of WCT within the entire ecosystem can be improved. Generally, real investment opportunities often arise during periods of market sentiment being the most sluggish, when the staking rate reaches its peak, and when the concentration of token holdings is at its highest. Whether the current market conditions have reached this critical point is worth investors' deep consideration.

For investors who intend to participate in the WCT ecosystem, it is recommended not to focus solely on the price fluctuations of the coin, but to delve deeper into the on-chain data and staking conditions, as this information may contain important market signals.

WalletConnect, as one of the core infrastructures in the Web3 field, has been dedicated to building on-chain connection solutions since 2018. Currently, the platform supports over 700 wallet applications, including well-known wallets like MetaMask and Trust Wallet; it also connects more than 61,000 decentralized applications (DApps), covering mainstream platforms such as Uniswap, OpenSea, and Jupiter. WalletConnect's global user base has surpassed 45 million, with over 300 million on-chain connections completed.

In 2023, after WalletConnect upgraded to the v2 network, its performance was significantly improved. It introduced 16 top node operators, including Consensys, Ledger, and Nansen, achieving a truly decentralized high-availability network. Stability, high-frequency operation capability, and security have become the core advantages of WalletConnect.

WCT, as the fuel token of the WalletConnect ecosystem, can not only be used to pay network fees but is also an important tool for participating in ecosystem governance and obtaining rewards. For investors optimistic about the future development of Web3, staking WCT is not only an investment action but also an opportunity to become a participant in the entire Web3 network.

However, investors should still carefully assess the risks, closely monitor the project's actual developments and market dynamics, and make informed investment decisions.