WalletConnect, the connectivity network for the digital asset economy, powered $207.82B in Total Network Volume (TNV) in the first half of 2026, across roughly 19.08 million on-chain transactions. At this run rate, WalletConnect is on track to exceed its entire 2025 total of $400B+ well before year-end: H1 2026 alone has already delivered roughly half of that full-year figure.
This milestone reflects WalletConnect's role as infrastructure for institutions, financial applications, and enterprises entering the onchain economy, and puts the network's H1 volume alongside some of the most recognized names in global payments, on an H1-to-H1 basis wherever that comparison is actually available.
WalletConnect: The Largest Network for Digital Asset Volume in Global Money Movement
Global money movement is changing, and the numbers above point to a clear conclusion: WalletConnect is now one of the largest networks for digital asset volume anywhere in the world, powering more value in six months than most established payment and trading platforms move in a comparable stretch, built entirely on open, multi-chain infrastructure rather than a single closed rail. This is also just the current picture, not the full one. Several additional PSPs are expected to go live on WalletConnect later this year, extending this same connectivity to more merchants, more corridors, and more of the world's payment volume, which means the comparisons in this piece are a snapshot of a network that is still accelerating, not a ceiling.
Defining Total Network Volume
Total Network Volume (TNV) measures the aggregate transaction value powered by the WalletConnect Network. It reflects onchain activity across supported blockchains, aggregated across the network's wallets, institutions, and applications.
- $207.82B in Total Network Volume, January through June 2026
- ~19.08M onchain transactions
- 82.5% of that volume in stablecoins, $171.35B
- 900M+ users reachable across 700+ wallets and 80,000+ apps
- All major blockchains supported
- $400B+ in annual network volume in 2025
WalletConnect's H1 Volume Against Global Finance Leaders
Six months of WalletConnect volume already stands shoulder to shoulder with, and in some cases ahead of, the full quarterly pace of several major fintech and payments companies.
With $207.82B in H1 2026 TNV, WalletConnect has powered a genuinely significant amount of value in half a year, more than the full first quarter of several well-known payment platforms combined, and already within reach of what some of them processed across an entire prior year. The comparison below sticks to H1 2026 (Q1 plus Q2) wherever both quarters have actually been reported. Where a company hasn't released Q2 yet, that's noted explicitly rather than estimated, and where a company reports volume as an annualized run-rate rather than a trailing H1 actual, that's noted too:
- Shift4 Payments: processed $56B in end-to-end payment volume in Q1 2026, and $61B in Q2 2026, an actual H1 2026 total of $117B. WalletConnect's H1 2026 total already runs well ahead of Shift4's actual H1 figure.
- Square (Block, Inc.): processed $61.2B in Square GPV in Q1 2026 and $72.8B in Q2 2026, an H1 2026 total of $134.0B. WalletConnect's H1 total already runs roughly 1.5x that figure.
- Shopify: processed $100.7B in GMV in Q1 2026 and $116B in Q2 2026, an H1 2026 total of $216.7B, Shopify's strongest first half on record. WalletConnect's $207.82B H1 total sits right in that same range, just behind it.
- Airwallex: reported $287B in annualized transaction volume as of March 2026. WalletConnect delivered $207.82B in actual volume in just the first six months of the year.
- RedotPay: reported roughly $12B in annualized payment volume, a fraction of WalletConnect's H1 total.
- Rain: reported $3B+ in annualized transaction volume, with payment volume up 38x year-over-year off a small base, still well below WalletConnect's H1 actual.
- Paysafe: reported $167B in annualized transactional volume in 2025. WalletConnect's H1 2026 total alone already exceeds that entire full-year figure, in six months.
Taken together, WalletConnect's $207.82B in H1 2026 Total Network Volume sits squarely among the biggest names in global payments: ahead of Square's H1 total, tracking closely with Shopify's record first half, and already clear of Paysafe's entire annualized 2025 figure, RedotPay, and Rain combined. Six months into 2026, WalletConnect is moving value through its network on a scale that puts it firmly among the payments industry's largest platforms, a clear signal of how central onchain connectivity has become to the flow of global money.
WalletConnect vs Global Trading
Payments aren't the only lens worth applying here. Trading and investing platforms move real volume too, and WalletConnect's H1 total holds up well against them.
eToro reported $50B in total invested amount in Q1 2026, up from $39B a year earlier, across 253 million trades. eToro reported Q2 2026 results on August 11, 2026, but its disclosures break out that period's trading activity by month rather than as a single quarterly total invested amount figure, so a directly comparable H1 aggregate isn't available in the same format as Q1's. Measured against the last period for which that figure was disclosed, WalletConnect's H1 2026 total already runs at roughly 4x eToro's Q1 alone, a clear sign of how much value is flowing through onchain rails at a scale that now rivals established, publicly traded trading platforms.
From Billions to Trillions
As more institutions and enterprises transition to onchain, WalletConnect is positioned as infrastructure that can scale to global financial volume.
Just as Visa, Mastercard, PayPal, Alipay, and Stripe define connectivity in traditional finance, WalletConnect is establishing itself as the connectivity standard for the onchain economy, multi-chain and open by design.
The Role of WCT and TNV
Total Network Volume represents the value flowing through the WalletConnect Network. It is proof of adoption at scale, by wallets, institutions, and applications worldwide. But TNV is only one part of the story.
At the foundation lies WCT, the token that secures the network. WCT incentivizes builders, users, and nodes, ensuring WalletConnect remains resilient and trusted. As adoption accelerates, WCT's importance will only grow, reinforcing WalletConnect's mission to provide open, institutional-grade access to the financial internet.
What Comes Next
WalletConnect has already shown it can power value flow at a scale that rivals the platforms traditional finance has spent decades building. DeFi and stablecoins were the proving ground. Modern money movement doesn't stop there, and the same connectivity powering this network is built to carry far more. Think stocks, shares, and the broader world of tokenized assets.
About WalletConnect
Founded in 2018, WalletConnect is the connectivity network for the digital asset economy, enabling seamless, encrypted connections between wallets, applications, and institutions across ecosystems, including Ethereum, Solana, Bitcoin, and more. WalletConnect connects over 900 million users and thousands of institutions across 700+ wallets, all major blockchains, and powered more than $400 billion in transaction volume in 2025.
Disclaimer: The figures and milestones shared reflect historical network activity and publicly reported figures from third-party companies as of the time of writing. Third-party figures are sourced from public earnings reports, press releases, and company statements, and use different methodologies (GMV, GPV, end-to-end payment volume, or annualized run-rate) that aren't directly comparable without adjustment. Where a company's Q2 2026 results were not yet available at time of writing, this is noted rather than estimated. Past results and volumes do not guarantee or predict future performance. The onchain ecosystem is dynamic and subject to market, regulatory, and technological changes.
Appendix: Sources
- Shift4 Payments, Q1 2026 results (official investor relations): investors.shift4.com
- Shift4 Payments, Q2 2026 results (official investor relations): investors.shift4.com
- Square (Block, Inc.), Q1 2026 results (official investor relations): investors.block.xyz
- Square (Block, Inc.), Q2 2026 results (official press release): businesswire.com
- Shopify, Q1 2026 results (official investor relations): shopify.com/investors
- Shopify, Q2 2026 results (official investor relations): shopify.com/investors
- Airwallex, Series H funding announcement (March 2026 run-rate; Airwallex is private, no public investor relations page): businesswire.com
- RedotPay, network expansion announcement (RedotPay is private, no public investor relations page): crypto-economy.com
- Rain, Series C funding announcement (Rain is private, no public investor relations page): rain.xyz
- Paysafe, Q1 2026 results (official investor relations): ir.paysafe.com
- eToro, Q1 2026 results (official investor relations): investors.etoro.com
- eToro, Q2 2026 results (official press release; total invested amount not disclosed on a quarterly basis for this period): etoro.com
- WalletConnect live TNV dashboard: dataroom.walletconnect.com