WalletConnect, a key connectivity layer for the digital asset ecosystem, is set to surpass $400 billion in annual Total Network Volume (TNV). This metric aggregates the total value of onchain transactions powered by its protocol across numerous blockchains and applications.

The vast majority of this activity, 98%, originates from Ethereum and other EVM-compatible chains. DeFi remains the dominant use case, driving $260 billion of the total volume, followed by infrastructure ($40 billion) and interoperability protocols ($12 billion).

While smaller, the payments sector shows notable activity, accounting for $1.08 billion in annual volume, 72% of which is conducted using stablecoins. This highlights WalletConnect's role as a universal link for a wide range of top-tier applications, from DeFi leaders like Aave to financial platforms like Stripe and Robinhood.

This growth has prompted a strategic shift. The network is now collaborating with its ecosystem to introduce a sustainable fee model. The goal is to create a self-funding mechanism to reward participants, strengthen infrastructure, and ensure the protocol's long-term viability, signaling a maturation for critical web3 infrastructure.