In the Web3 ecosystem, underlying infrastructure tokens play a key role. This article will delve into the unique challenges faced by the WCT token and its positioning in the market.

As a representative of connection protocols, WCT shares similarities with other infrastructure tokens such as LINK and DOT, but also has significant differences. While they all face the common risk of ecological competition, WCT also has to deal with two specific challenges.
Firstly, the practical application of WCT has uncertainties. Its core value lies in the "relay fee" mechanism, which is the service fee charged by Relay nodes. However, whether this mechanism can be widely accepted by developers and users remains an open question. If the market deems this service economically unviable, the value of WCT may be difficult to fully realize.
Secondly, the brand transformation from WalletConnect to Reown has brought additional uncertainty. While rebranding may be necessary, it can also lead to a decline in user trust and stickiness. If the new brand positioning is not clear enough, or if the ecosystem does not have a high acceptance of the new features, WCT may face challenges that are rare for a well-established infrastructure token.
Nevertheless, WCT has its advantages. Its large user base (according to official data, the number of active wallets has reached 51 million) and early layout in institutional collaborations may serve as positive factors to offset some uncertainties.
Therefore, the evaluation of the risks of WCT mainly needs to focus on two key points: whether the relay fee mechanism can be successfully implemented, and whether the brand transformation can gain market recognition. These two factors will directly affect WCT's future position in the multi-chain ecosystem, determining whether it can become an industry standard or be replaced by other solutions.
In the rapidly evolving Web3 space, WCT represents an innovative attempt. Its success or failure is not only related to its own development but will also provide valuable experiences for the entire industry. Both investors and developers should closely monitor the evolution of WCT to seize potential opportunities and challenges.#Gatelayerofficiallylaunches #BtcPriceAnalysis