WalletConnect is powering the apps, wallets, and payments that move billions in value every week. If you’ve ever made a crypto transaction, there’s a good chance WalletConnect made it possible.
That blue logo? It’s everywhere. As trusted in crypto as Visa is in traditional finance.
And this month, the pace isn’t slowing. September was a breakthrough: new infra, major partners live, adoption growing by the week.
In this update, we’re breaking down what’s launching, what’s scaling, and why it matters for builders creating the next generation of financial UX onchain.
Let’s get into it.
400 Billion Dollar Network: WalletConnect
As mentioned in Forbes, WalletConnect is proud to announce it is set to surpass $400 billion in annual Total Network Volume (TNV) in 2025. This milestone highlights WalletConnect’s role as critical infrastructure for institutions, custodians, financial applications, and enterprises entering the onchain economy.
WalletConnect Surpasses Global Fintech Leaders with $400 Billion in Annual Volume
With $400 billion in Total Network Volume (TNV), WalletConnect has facilitated more value than some of the most recognized fintech giants. For context:
- Square (Block, Inc.): $231 billion annually in Gross Payment Volume (Q2’2024-Q1’2025). (Source Square)
- Checkout.com: $300 Billion (Projected) (Source: Checkout.com)
- Airwallex: $100 billion (Source Airwallex)
- Wise: $145 billion cross-border volume. (Source Wise Plc)
- Shopify Payments: $292.3 billion GMV based on Q4 2024 Business Overview (Source Shopify)
- Razor Pay: $150 Billion (Source: Razor Pay)
- Xendit: $45 Billion (Source: Xendit)
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 from thousands of ecosystem participants. Institutions and wallets such as Fireblocks, Ledger, Robinhood, Blockchain.com, OKX Wallet, Binance Web3 Wallet, and Gemini Wallet are among the many contributors powering this growth.
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.
At the foundation lies WCT, the token that secures the network. WCT incentivizes builders, users, and nodes, ensuring WalletConnect remains decentralized, resilient, and trusted.
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.
Next week we will share more news on further evolutions of the network.. WCT will take on a greater role in how value flows through the WalletConnect Network.
WalletConnect Network Statistics
Cumulative Connections: 365,800,000+
WalletConnect has surpassed 365 million cumulative connections, enabling billions of dollars' worth of assets to flow through the network.
Unique Wallets: 52,530,000+
WalletConnect has reached over 52.5 million unique wallets, spanning every corner of the onchain ecosystem. From hardware to ecosystem-native wallets, more users are onboarding every day. An increase of 1.5 million from the month prior.
From everyday users to institutions, WalletConnect is built to meet them on any network, connecting wallets, apps, and financial activity without friction.
Integrated App Projects: 76,700+
The onchain internet is expanding fast. New projects are launching. Major institutions are onboarding. And WalletConnect continues to power the connections that make it all possible.
$WCT Updates:
WCT is the engine behind WalletConnect’s decentralization. By staking WCT, users help secure the network and earn sustainable rewards backed by real network usage.
Here’s what is happening to $WCT:
- Over 118,000,000+ WCT is currently staked
- More than 57,350+ stakers
- Up to 23% APY in staking WCT rewards
WalletConnect Pay Launch
WalletConnect has always been seen as a way for users to connect to an application, but now, WalletConnect is entering the world of point-of-sale payments, marking a new era for onchain finance.
Singapore’s dtcpay, a licensed Major Payment Institution (MPI), has become the first MPI partner to integrate WalletConnect, making stablecoin payments incredibly easy for merchants and consumers across Asia and beyond. For users, it's the same experience as it would be if you were to scan an Alipay QR code at checkout, and for businesses, it follows the same flow as your normal POS.
This collaboration signals an important milestone: WalletConnect is no longer just the connectivity standard for wallets and apps. WalletConnect is now powering the next generation of onchain payments and POS infrastructure.
This partnership is only the beginning. As more enterprises, merchants, and institutions embrace onchain settlement, WalletConnect will serve as the infrastructure layer connecting wallets, apps, custodians, and now POS systems.
Billions already flow through the WalletConnect network every month. With DTCPay, we’re making that value instantly usable at checkout, bridging the gap between digital assets and everyday commerce.
Welcome to the WalletConnect Network
The WalletConnect Network continues to expand, connecting more of the ecosystem every month. This month, we’re proud to welcome new partners across wallets, custodians, and infrastructure, including DTCPay, Anchorage Digital (following Porto by Anchorage last month), D’Cent, and Tangem.
WalletConnect is not only for mobile wallets, but also for custodians, institutions, payment providers, and points of sale systems powering secure, universal access across a growing range of use cases. Trusted by millions of users and adopted by hundreds of leading organizations, WalletConnect continues to set the standard for open, encrypted connectivity.
On the application side, more than 2,000 new apps integrated WalletConnect this month alone. Notable additions include Bloom and Asigna, further expanding the reach and utility of the network.
Build with WalletConnect on Base
$WCT is now live on Base
WalletConnect Token is now on Base, trusted by institutions and builders alike.
With $WCT now on Base, the community can unlock:
- Direct participation in shaping WalletConnect’s roadmap
- New rewards for builders driving real adoption
Talent Protocol X Base
Introducing WCT Builder Rewards on Base, a new initiative that automatically rewards the most impactful builders integrating WalletConnect on Base.
Whether you’re scaling a wallet, launching an app, or embedding payments with AppKit, your work now qualifies for weekly $WCT rewards.
Each week, a portion of 1 million WCT tokens will be distributed among top builders, starting with 250K in the first week, followed by 75K per week for the next 10 weeks.
Rewards are based on your activity score: the more you ship, the more you earn. If you’re building on Base and meet the criteria, set up your profile, and we’ll take it from there.
Want to get involved/ get building? Check out our blog here and the FAQs here.
Roadmap: What’s next for the WalletConnect Network
What’s next for the network
Growth is accelerating, and we’re setting the stage for what comes next:
Q4 of 2025 will feature major announcements around product innovations, ecosystem initiatives, WCT, and much more. Follow our social accounts to stay up to speed on the latest.
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.