Q3 WalletConnect Ecosystem Roundup

Introduction

The WalletConnect ecosystem continues to evolve alongside major shifts in crypto regulation, payments, and the broader onchain industry.

As traditional finance and digital assets converge, banks, fintechs, and institutions need secure, compliant ways to move money and access onchain markets. WalletConnect is the connectivity network for the digital asset economy, connecting wallets, financial institutions, and DeFi across all major blockchains. Through products spanning payments, trading, and compliance, WalletConnect helps businesses access the onchain economy through a network that already connects 700+ wallets and thousands of institutions.

This year, WalletConnect also released the Policy, Compliance & Regulation Report 2026, developed together with a broad group of partners and contributors from across the industry. The report brings together perspectives on the regulatory and compliance developments shaping crypto today, and what they mean for wallets, infrastructure providers, payment companies, and the broader onchain ecosystem.

At the same time, the WCT ecosystem itself continues to mature across network activity, staking and governance, WalletConnect Pay, and ecosystem incentives.

Chris Murrer, Chief Legal and Strategy Officer, WalletConnect: “As regulatory regimes mature, our partners face increasingly complex obligations across markets. At WalletConnect, we design the Network and our offerings to help them meet those requirements while preserving the openness and interoperability that make onchain systems valuable. Our relationships across banks, asset issuers, custody providers, and wallets give us a direct understanding of what institutions need to move onchain. That access helps shape our business strategy: where we build, which partnerships we pursue, and how we turn the Network’s reach into sustainable commercial opportunities.

For the WCT community, the ambition is to translate that institutional access into lasting network adoption. That means building services businesses need, creating more reasons to participate in the Network, and allocating resources with a long-term view. We want an ecosystem with the utility and resilience to keep growing across market cycles.”

WalletConnect Network

In August 2026, WalletConnect released an H1 Network Report, looking back at the Network’s growth, usage, and ecosystem development across the first half of the year.

In Q3, we continued expanding that connectivity through new integrations, broader network support, and tools that help partners understand and grow their activity.

The metrics below show how this translated into usage, transaction volume, and participation across the ecosystem.

Key Data Points

• $97.5B in Network volume in Q3
• 15.3M wallet-to-app connections established in Q3
• 12.8M transactions in Q3
• Top assets: USDC, USDT, ETH, WETH, USDG
• Top chains: Arbitrum, BNB Chain, Base, Ethereum, Monad (in alphabetical order)
• Top apps: Aave, Agora Finance, Arbitrum Portal, CCTP, Curve, DefiLlama Swap, Ethena, Euler, Hashnote USYC, Hyperliquid, Jupiter, Lido, Lista, Maple Finance, Morpho, PancakeSwap, Safe, Spark, Stargate, Uniswap (in alphabetical order)
• Top wallets: 1inch Wallet, Bifrost Wallet, Binance Wallet, Bitget Wallet, Crypto.com Onchain, D’CENT Wallet, Jupiter Wallet, Kraken Wallet, Ledger Live, MetaMask, OKX Wallet, OneKey, Rabby, Ronin Wallet, SafePal Wallet, Tangem Wallet, Trezor Suite, Trust Wallet, Uniswap Wallet, Zerion Wallet (in alphabetical order)

How WalletConnect Powers Crypto

Q3 case studies highlighted WalletConnect activity across major apps, networks, wallets, and stablecoins:

• Solana:766 active apps, 492,097 transactions, and $3.82B in value.
• Aave: 14,655 unique wallets across 22 chains and 161 countries, generating 197,501 transactions.
• Circle / USDC:USDC activity across DeFi, payments, and multiple chains through WalletConnect.
• TRON: $213.1M in value moved through WalletConnect on TRON.
• Arbitrum:WalletConnect connects businesses to Arbitrum’s settlement infrastructure and stablecoin liquidity for payments.
• MetaMask: $1.87B moved across 4.72M transactions through MetaMask-connected wallets.
• USDG: $206M in value across 5,273 transactions.

This real usage across apps, wallets, networks, and assets is foundational to WalletConnect’s path toward sustainable monetization.

The Role of WCT and TNV

Total Network Volume (TNV) represents the value flowing through the WalletConnect Network. It is proof of adoption at scale, by wallets, custodians, financial apps, and enterprises worldwide. But TNV is only one part of the story.

WCT is the underlying asset of the WalletConnect Network economy, serving as a utility token for staking, governance, and rewards for users and ecosystem participants.

As adoption accelerates, WCT’s importance will only grow. Its role in securing and governing the network will expand, reinforcing WalletConnect’s mission to provide open, institutional-grade access to the financial internet.

$WCT Updates

By staking WCT, users help secure the network and earn sustainable rewards backed by real network usage.

Pedro Gomes, Founder, WalletConnect: “WalletConnect started with a simple idea that people should be able to connect their wallets to the applications they want to use and stay in control of their assets. That idea continues to guide how we build the network and improve WCT. As more financial activity moves onchain, we have an opportunity to build infrastructure that remains open, reliable and shaped by the people who depend on it.

Monetization has always been the final milestone for the success of the WalletConnect Network. We are making substantial progress with our ecosystem partners to turn that ambition into reality. For the WCT community, seeing the adoption we have built together translate into a sustainable network that brings value to its participants is a major milestone.

Our staking program has been successful and we are continually researching how to improve its health. We analyze participation, reward distribution and sustainability, and compare our mechanisms with similar programs across other crypto assets. Our ambition is to keep WCT competitive at the top of its class, rewarding commitment while making participation more attractive.

WCT is considered in every product decision we make, as an instrument for governance, incentives and utility across the network. As WalletConnect expands across verticals, WCT must continue to power the ecosystem. Governance gives our community a way to influence that direction. We encourage token holders to stay informed about our product development and provide feedback on the direction we are taking, so they can have a meaningful voice in our decisions.

Our ambition is for WalletConnect to become infrastructure people can depend on, with WCT giving its community a lasting role in that journey. Getting there takes useful products, thoughtful stewardship and people who care enough to participate. Everyone using the network, staking WCT and contributing to governance helps shape how WalletConnect operates today.”

Staking

WCT staking continues to develop as a core part of the ecosystem, aligning token holders with the long-term growth and governance of the WalletConnect Network.

Key Data Points

• 95,690,090 WCT staked
• 72,506 active stakers
• 20.37% of circulating WCT staked (451.91M circulating supply)
• 2,947,116.66 WCT distributed in staking rewards

In August, we engaged our top stakers with a VIP merch drop for the top five participants and brought our staking community together on Discord. This sparked several substantive discussions and created a closer dialogue with some of the Network’s most committed participants.

Building on those conversations, we agreed to host more governance discussions and votes, giving the community more opportunities to contribute ideas and participate in decisions about the Network’s future.

Governance Proposal & Voting

As WalletConnect continues exploring and designing the Network’s long-term monetisation system, Founder Pedro Gomes opened "WalletConnect Monetization & WCT Tokenomics: Open Design Space on the Governance Forum, inviting the community to contribute ideas and suggestions around the future utility of WCT within the WalletConnect Network.

The discussion is intended to bring the community directly into the design process as the ecosystem explores how WCT can play a meaningful role in Network participation, incentives, governance, and future monetisation mechanisms.

Alongside this broader utility discussion, the next iteration of the staking reward mechanism is also moving through the governance process. The goal is to make WCT staking more competitive and dynamic across different market conditions, allowing the reward model to adapt more effectively through both bear and bull markets.

The proposed P4 — New APY Formula and RewardWeight introduces updates to how staking rewards and participant weighting are calculated. It is currently moving through community discussion, with a governance vote to follow.

WalletConnect’s products turn the Network’s connectivity into tools for wallets, applications, and payment businesses. Today, the ecosystem spans 700+ wallets and 80,000+ apps, giving users broad access to onchain services through WalletConnect. Together, the wallet and app SDKs, authentication capabilities, and WalletConnect Pay help businesses onboard users, connect them to onchain services, and enable digital asset payments.

Key Data Points

• 700+ wallets integrated lifetime
• 80,000+ apps integrated lifetime
• 91 new wallets integrated and made their first connection in Q3 (10+ users)
• 1,986 new Apps integrated and made their first WalletConnect connection in Q3

WalletConnect SDK for Wallets

The WalletConnect SDK for Wallets gives wallet providers a shared connection to onchain apps and merchants across major networks. It helps users trade, access DeFi, and make payments through their preferred wallet, while reducing the work providers need to maintain individual app connections.

Q3 SDK Upgrade

The WalletConnect SDK for Wallets added TRON support, expanding the range of networks wallet providers can make available to their users. Upgrading also unlocks built-in WalletConnect Pay support, available on Android and iOS, helping wallets bring payments into the user experience through the SDK.

WalletConnect SDKs for Apps

WalletConnect provides multichain connectivity, domain verification, and analytics for the app developers and teams.

Reown, a WalletConnect product, already generates revenue through paid plans for DeFi and onchain apps. Hundreds of teams are paying customers across these tiers, demonstrating a commercial model for WalletConnect’s developer tools.

WalletConnect Agent SDK

The WalletConnect Agent SDK brings wallet connectivity to AI agents and developer tools, enabling wallet connections, signature requests, transactions, swaps and bridges directly from a terminal or within AI-assisted workflows. It also supports WalletConnect Pay payments and WCT staking on Optimism, including checking staking positions and claiming rewards. The SDK is currently in beta.

WalletConnect Pay

WalletConnect Pay continues to expand the role of WalletConnect from connecting users to onchain apps toward enabling real-world crypto payments.

Direct Deposits launched in Q3, giving users another way to fund payments directly from their wallets.

Alongside Direct Deposits, WalletConnect Pay expanded the tools available to merchants and payment partners.

The team also prepared a SoftPOS app for release, making it possible to onboard individual merchants to accept WalletConnect Pay without specialized payment hardware.

This creates a new path for community-led merchant onboarding and future onboarding bounties, where contributors can help bring more real-world businesses into the WalletConnect Pay ecosystem.

Notable Q3 Integrations

• Arc: Supported from mainnet launch, connecting wallets and apps and enabling USDC payments through WalletConnect Pay.
• Confirmo Subscribe: Enables recurring stablecoin payments from self-custody wallets through WalletConnect.
• Casper Wallet: Added WalletConnect to Casper Wallet Mobile, enabling cross-device connections to Casper dApps; Casper Wallet Mobile and CSPR.live were the first to bring the experience to the Casper network.
• B.AI: Added WalletConnect support so users can connect compatible mobile wallets, sign in, and complete top-ups through B.AI, including QR-code connections.
• Askar DEX: Uses WalletConnect to connect wallets to Canton for trading through Askar DEX.
• My Wallet: Launched full WalletConnect support in July and became available in the WalletConnect menu, giving users access to 80,000+ dApps. My Wallet was later named WalletConnect Certified in Season 3.
• CoolWallet: WalletConnect integration predates Q3; in August, CoolWallet announced WalletConnect Certified status, recognizing its security, UX, reliability, and interoperability.

Adoption

Jess Houlgrave
Chief Executive Officer, WalletConnect

“Having spent years in payments, including at Checkout.com, I see an enormous opportunity in making onchain money work for businesses. Merchants and payment providers care about reaching more customers, improving conversion, and reducing the cost of accepting payments. Stablecoins can help deliver those outcomes, and WalletConnect connects that opportunity to the wallets and assets people already use.

For the WCT community, this is the scale of the opportunity we’re building toward: a Network that becomes part of everyday commerce. Our focus is on turning WalletConnect’s reach into active integrations, repeat payment usage, and sustainable revenue, while developing WCT’s utility alongside that growth. The ambition is to build a lasting payments business that strengthens the wider ecosystem.

WalletConnect continues to broaden adoption across tokens, networks, wallets, and institutional partners.”

Tokens & Networks Enabled

WalletConnect products continued expanding asset and network coverage in Q3. The lists below separate what was already available across WalletConnect products from the new enablement added to WalletConnect Pay and the WalletConnect SDKs for wallets and apps.

Previously Available Across WalletConnect Products

Assets: USDC, EURC, USDT0, PYUSD, USDG, USDT, SOL, ETH, POL, BNB, MON, EURAU, USAT, USDPT

Networks: BNB Smart Chain, Ethereum, OP Mainnet, Arbitrum One, Base, Solana, Polygon, Monad, Celo

Enabled for WalletConnect Pay in Q3

Assets: WCT, AUSD, CHFAU, SoFiUSD, USDT on TRON

Networks: Robinhood Chain, TRON, Arc, Stellar

Enabled for WalletConnect Wallet & App SDKs in Q3

Networks: TRON, Stellar, Arc

The impact was already visible in Q3 Network activity: Arc contributed approximately $410M in Network volume, while Robinhood Chain contributed approximately $310M.

WalletConnect Certified: Season 3

WalletConnect Certified recognizes wallets that meet the Network’s standards for reliability, usability, security, and interoperability.

On September 23, Season 3 welcomed six newly certified wallets:

• My Wallet
• CoolWallet
• D’CENT Wallet
• Bridge Wallet by Mt Pelerin
• Iron Wallet
• Dfns

Institutional Adoption: Policy & Industry Roundtable

Ahead of StableCon in Washington, DC, WalletConnect co-hosted a policy roundtable with Cross River Bank and The Digital Chamber, bringing together around 30 leaders from organizations including Circle, Ledger, Canton Network, Digital Asset, Fireblocks, and Amazon to discuss institutional digital asset adoption.

Cashback & Rewards

Rewards remain an important part of driving early WalletConnect Pay adoption and encouraging users to make their first onchain payment.

The first WalletConnect Pay cashback campaign at 94° Lisbon drove a 2,000% increase in payment conversions during the campaign week.

Key Data Points

• 107,747 WCT distributed in cashback
• 186 cashback recipients
• 274 qualifying transactions completed

Helena Dikhtiaruk
Community Lead, WalletConnect

“Building incentives that are both efficient and meaningful is a challenge across crypto and traditional industries alike. At WalletConnect, we want to recognise people for the ways they contribute to the ecosystem. We think of these as five noble paths: staking and participating in governance, helping with product research, creating content, attending IRL meetups and using WalletConnect Pay, or scouting new onboarding opportunities.

Each path offers different ways to get involved, from content challenges and product testing to community meetups and 2× cashback events. Our goal is to make participation rewarding while helping the Network grow through useful feedback, greater awareness, and real-world usage. Everyone is welcome: get some WCT and start exploring the opportunities on our Community Hub.”

Lisbon 100% Cashback Campaign

From July 22–29, WalletConnect brought onchain payments to everyday coffee runs at 94° Specialty Coffee Brand in Lisbon, offering 100% cashback in WCT on purchases made through WalletConnect Pay. Customers could pay directly from their wallets using supported assets across nine networks, turning a familiar café purchase into a hands-on introduction to crypto payments.

On July 25, WalletConnect Club hosted a morning meetup at the café, bringing the community, local builders, and the WalletConnect team together over coffee. The activation combined an incentive to try WalletConnect Pay with an opportunity to experience it at the counter and share feedback with the team.

Key Data Points

• 50,628 WCT distributed in cashback
• 70 participants
• 148 payments completed
• 48 bugs reported

WalletConnect Pop-Up at Coinfest Asia, Bali

WalletConnect brought its community activation to Coinfest Asia in Bali, with WalletConnect Club members supporting the team on the ground and engaging attendees throughout the event.

Across the Bali activation, 18,908 WCT was distributed in cashback to 65 recipients across EVM and Solana payments. The event also served as a strong community touchpoint, bringing together existing Club members and new users around WalletConnect Pay.

WalletConnect Pop-Up at KBW, Seoul

WalletConnect brought its community together in Seoul during Korea Blockchain Week for a local pop-up focused on meeting users, trying WalletConnect Pay in person, and connecting with the people building and using the ecosystem.

The event drew strong local interest, with more than 100 attendees joining throughout the evening and the cream zip fleeces selling out.

Key Data Points

• 100+ attendees
• 63 transactions completed
• 22,188 WCT distributed in cashback
• 2 bugs reported

$WCT Cabal

The $WCT Cabal is an invite-only program for community creators, running alongside our open community bounties. Members create content that helps more people discover and understand the WalletConnect ecosystem, while open bounties give the wider community opportunities to contribute.

Key Data Points

• 31 active members
• Over 380 posts published
• Over 17M views
• 583,965 WCT distributed in creator rewards

See more here:

• https://x.com/infinity__max/status/2087767603687162173?s=20
• https://x.com/greyvese/status/2097192072277041219?s=20
• https://x.com/ThomasWuVR/status/2097324461066428584?s=20
• https://x.com/Iam_alienbrain/status/2104443485969342551?s=20

The next phase of the WCT ecosystem will focus on scaling what has already been built: broader network adoption, stronger token participation, more active governance, and significantly wider real-world payment coverage.

Lewis Nurcombe
Chief Revenue Officer, WalletConnect

“I joined WalletConnect because I think we’re sitting on a genuinely unique opportunity. As more merchants, PSPs and financial institutions move onchain, connectivity becomes critical infrastructure.

WalletConnect has already built the network that connects much of this ecosystem.
We’re providing enormous value today; the opportunity now is to turn that reach and utility into a sustainable commercial model that rewards the network, enables us to keep investing in it, and grows with the shift of commerce onchain. We are already seeing results and I’m incredibly bullish about what we can build from here.”

What’s Next for WalletConnect

• Building more opportunities for participation in WalletConnect governance for WCT stakers
• Evolving staking incentives and reward mechanisms
• Growing institutional adoption of the WalletConnect Network
• Expanding WalletConnect Pay across new wallets, tokens, and networks
• Growing payment acceptance through PSP and merchant integrations
• Continuing to develop sustainable WCT utility across the ecosystem

Important note: This message is not an offer or solicitation to purchase or invest in any securities, tokens, or other financial instruments. This information represents currently envisioned plans and goals. The described strategies, details and goals are subject to change due to rapidly evolving industry conditions and technical, legal and regulatory developments. Plans and goals may need to be quickly changed to adapt to new opportunities and challenges. Reown and WalletConnect Foundation are contributors to the WalletConnect Network. Whether they are successful in achieving their goals may depend on factors outside of their control, including the actions of other contributors to and participants of the Network.

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Appendix: Data Definitions & Calculation Methodology

Source: Internal analytics based on onchain transaction data, WalletConnect and Reown SDK connection activity, and WalletConnect Pay payment records, except where a public source is linked below. Q3 refers to July 1–September 30, 2026.

Network Metrics

Total Network Volume (TNV): The $97.5B figure is calculated as the sum of total_max_flow_amount_usd across Q3 TNV records.

Wallet-to-app connections: The 15.3M figure represents recorded connection events in Q3. Each newly approved wallet-to-app pairing creates a new session and counts as a connection, so the same wallet and app can be counted again if they establish a new session. Re-opening an app with an existing live session does not create another connection.

Transactions: The 12.8M figure represents unique onchain transactions signed through wallets connected via WalletConnect in Q3, including approvals, signatures, contract calls, and other transactions. Transactions are deduplicated by blockchain and transaction hash, so multi-token transactions count once.

Network Rankings

Top chains and apps: Selected by measured Network volume during Q3 within their respective categories.

Top wallets: Selected using Q3 Total Network Volume (TNV) and wallet-to-app connection activity. The public list is displayed alphabetically rather than in rank order.

Top assets: Each asset is ranked separately by Network volume in USD and transaction count. The two rank positions are averaged, and assets are ordered from the lowest average rank to the highest. This gives equal weight to the value moved and the frequency of transactions, rather than ranking assets by volume alone.

Transaction attribution: Only transactions with positive Total Network Volume (TNV) are included in the asset ranking. Each qualifying transaction is assigned to the asset carrying the largest share of its value, so it is counted only once in the asset breakdown. ETH and WETH are treated as separate assets.

How Wallets, Apps and Users Are Counted

Wallet and app counts in this report use a cleaned, brand-level methodology where noted. Raw project IDs are filtered to remove scam/dev traffic, test or development projects, unnamed or generic projects, and projects with fewer than 10 lifetime users. Remaining project IDs are grouped into brands using normalized names so platform, environment and version variants such as iOS, Android, mobile, web, extension, beta, prod and versioned builds count once.

Brand grouping is name-based rather than an official registry, so unusual names can occasionally cause brands to be grouped or split incorrectly. The 10-user threshold also makes recent launches slightly conservative because projects launched later in the quarter have had less time to reach it.

Wallet SDK Metrics

New wallets: 91 wallets made their first-ever wallet-side WalletConnect connection in Q3 after applying the test/dev, unnamed, sub-10-user and brand-deduplication filters. If any project under the same normalized brand connected as a wallet before Q3, the brand is not counted as new.

App SDK Metrics

New dApp brands: 1,986 dApp brands made their first-ever app-side WalletConnect or AppKit connection in Q3 after removing scam-flagged hosts, test/dev, unnamed, sub-10-user and duplicate builds.

New Embedded Wallets

Approximately 33.8K new embedded wallet addresses were first recorded through Reown email or social login in Q3 after excluding activity associated with scam or test-like app names,

“Created” is estimated from first recorded email or social-login use rather than an independently verified wallet-creation timestamp. These are wallet addresses, not unique people or wallet-provider integrations.

Staking Metrics

Staking figures are sourced from the publicly accessible WalletConnect WCT dashboard on Dune. The 2,947,116.66 WCT distributed in staking rewards figure covers Q3 only, not cumulative rewards.

Coverage and Growth Comparisons

Activity counts reflect the available connection records. Additional relay-session and RPC-usage data are not included, so the counts are lower-bound measures of observed SDK activity.

Quarter-over-quarter growth compares Q3 with Q2 using the same metric and counting rules: (Q3 count − Q2 count) ÷ Q2 count × 100. Rounded headline figures may not reproduce the reported percentages exactly.