WalletConnect, the connectivity layer of the financial internet, is proud to announce that it is set to surpass $400 billion in annual Total Network Volume (TNV). This milestone highlights WalletConnect’s role as critical infrastructure for institutions, custodians, financial applications, and enterprises entering the onchain economy.
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 Wallet, and Gemini Wallet are among the many contributors powering this growth.
By the Numbers
- $400B+ annual network volume
- 350M+ wallet-to-app connections
- 50M+ users, 70K+ apps, 700+ wallets
These figures underscore both consumer and institutional adoption. Applications such as Aave, Spark.fi, and Hyperliquid drive significant volume, while enterprises like Stripe, Coinbase Commerce, Shopify, and others trust WalletConnect for secure, enterprise-grade onchain payments.
Infrastructure Without Compromise
WalletConnect delivers institutional-grade access to the onchain economy without ever exposing private keys or taking custody of assets. Every connection is end-to-end encrypted, reducing operational risk for both enterprises and users. WalletConnect also supports one-click authorization for Travel Rule compliance, enabling secure and seamless adoption for custodians, institutions and regulated entities.
WalletConnect Surpasses Global Fintech Leaders with $400 Billion in Annual Volume
WalletConnect on pace to scale similarly to payments and e-commerce giants like Shopify, Square, and Airwallex.
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)
From Billions to Trillions
This milestone is only the beginning. The next phase is not about billions, it is about trillions. As more institutions and enterprises transition to onchain, WalletConnect is positioned as the secure, enterprise-grade 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. The difference: WalletConnect is multi-chain, decentralized, and open by design, ensuring universal access without compromise.
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.
And later this year, at WalletCon 2025 in Buenos Aires, the world will see the next chapter. WCT will take on a greater role in how value flows through the WalletConnect Network.
About WalletConnect
Founded in 2018, WalletConnect is the connectivity layer for the financial internet, enabling seamless, encrypted connections between wallets and applications across ecosystems, including Ethereum, Solana, Bitcoin, and more. Trusted by enterprises, custodians, institutions, and thousands of onchain applications, WalletConnect is the open standard powering universal access to the onchain economy.
Disclaimer: The figures and milestones shared reflect historical network activity. Past results and volumes do not guarantee or predict future performance. The onchain ecosystem is dynamic and subject to market, regulatory, and technological changes. WalletConnect provides infrastructure as the connectivity layer for the financial internet, but future adoption, transaction volumes, and outcomes may differ materially from those described here.