WalletConnect is transitioning from free infrastructure to a sustainable business model, building a complete value capture loop with an annual Total Network Value (TNV) of $400 billion and an innovative fee mechanism. This shift will bring substantial benefits and revaluation potential to the WCT token. 1. A true value transfer network WalletConnect has connected 700+ wallets and over 70,000 applications, covering 50 million users. By 2025, it is expected to process $400 billion in TNV. 2. Fee mechanism: Unlocking value flow The new model charges applications a fee of 0.01%-0.1% based on TNV, payable exclusively in WCT, creating sustained token demand. Annual revenue is projected to reach $40 million-$400 million. 3. Ecosystem expansion and institutional partnerships WalletConnect Pay has partnered with Coinbase Commerce, Stripe, Shopify, and Singapore’s DTC Pay to promote stablecoin settlements and on-chain payments. Additionally, it is collaborating with Fireblocks, Sui, Stacks, and others to expand institutional-grade DeFi services. 4. WCT value revaluation Currently, WCT has a market cap of approximately $23.9 million, with a staking ratio of 56% and Binance Earn offering an annualized yield of 23%. As the fee payment and staking dividend mechanisms are implemented, token demand and locked-up volume are expected to grow simultaneously. 5. However !! In the short term, pay attention to the token unlock on November 15th!! This sentence I can say.