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.
This is not just a large number. It is a reflection of adoption at every layer of the onchain economy:
- Billions in stablecoin volume, driving global liquidity.
- Billions in lending and trading through protocols like Aave and Spark.fi.
- Millions of users, 70K+ apps, and 700+ wallets, all relying on WalletConnect for secure access.
Numbers can be abstract. A billion sounds impressive, but what does it actually mean in practice? History shows us that networks gain value as they scale. Payment networks like Visa, card networks like Mastercard, and payment networks like Stripe all started small. Their true impact was only understood as more participants joined, transactions multiplied, and the network became indispensable.
WalletConnect is playing that same role for web3, crypto, and the onchain economy. When we say WalletConnect is set to surpass $400 billion in annual Total Network Volume (TNV), it is not just a milestone; it signals the early stages of a financial network reaching global scale. Just as card networks transformed commerce and payments networks connected economies, WalletConnect is becoming the universal standard for connecting wallets, apps, and institutions onchain.
It’s still early. The expected $400 billion flowing through WalletConnect today represents only a fraction of what will move through onchain rails in the years ahead. The more wallets, apps, custodians, and institutions that connect, the stronger and more valuable the network becomes, for everyone.
Why Scale Matters
The sheer volume flowing through WalletConnect is proof of trust. Every transaction is end-to-end encrypted. Every connection avoids custody risk. Every integration enables institutions, wallets, and protocols to scale without barriers.
WalletConnect’s design, open, decentralized, and what users and institutions trust, makes it the go-to connectivity layer for DeFi, enterprises, and custodians alike. Just as Visa and Mastercard define scale in traditional payments, WalletConnect is quietly defining scale for the onchain economy.
The Role of WCT
At the foundation of this growth is WCT, the token that secures and sustains the WalletConnect Network. WCT incentivizes builders, users, and nodes, ensuring alignment as billions flow through the system. Without WCT, the network could not scale. As WalletConnect moves from billions toward trillions, WCT’s role will only deepen, anchoring the connectivity layer of the financial internet and shaping how value flows across the global economy.
From 400 Billion to Trillions
When we say WalletConnect is expected to enable nearly $400 billion annually, that is more than a milestone; it is momentum. The onchain economy is still in its early chapters. As more protocols, institutions, and enterprises come online, WalletConnect is primed for the next leap.
Not billions. Trillions.
That vision is already being echoed across global finance:
- Citi’s recent Stablecoins 2030 report projects stablecoin issuance could reach $1.9 trillion in its base case, and as high as $4 trillion in a bullish scenario. Citi Bank
- McKinsey reports that in 2023, the global payments industry processed 1.8 quadrillion USD in value (across 3.4 trillion individual transactions), with payments revenues now exceeding $2.4 trillion annually. McKinsey & Company
- According to McKinsey’s forecasts, payments revenues are expected to grow ~5 % annually over the next half-decade, adding hundreds of billions more to the pie. McKinsey & Company
- Meanwhile, BCG’s “Global Payments Report 2024” highlights that the payments sector is evolving from aggressive scale-chasing to a focus on sustainable, profitable expansion. Boston Consulting Group
- Central banks and global financial institutions increasingly acknowledge that digital payments, stablecoins, and blockchain innovations represent critical infrastructure for the future of value transfer. For example, the World Bank underscores the importance of efficient, reliable, and inclusive domestic and cross-border payment systems in fostering economic development. World Bank
- In emerging and frontier markets, blockchain and digital financial technologies are viewed as leapfrog mechanisms; in many cases, they can adopt next-generation finance more rapidly because they have fewer entrenched legacy systems slowing them down. World Bank
These signals align with where WalletConnect is headed. We are not just riding the wave, WalletConnect is building its infrastructure.
The next frontier is to contend with payments giants like Visa, Mastercard, PayPal, and Stripe. With WCT and our connectivity infrastructure at the core, WalletConnect is charting a path to become the protocol layer powering global, onchain commerce.
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.