Recently, the price of WCT broke through the $0.5 mark, with a 24-hour Trading Volume reaching a historic high of $31.68 million. This breakthrough has attracted widespread follow from the market and reflects that the Web3 infrastructure sector is experiencing an important turning point.

On-chain data shows that several well-known exchanges have recently increased their wallet addresses by more than 20 million WCT, accounting for 10.7% of the circulating supply. This move suggests that institutional investors' confidence in WCT is increasing. At the same time, the annualized yield (APY) of WCT's staking mining has risen from 15% to 22%, with the proportion of locked tokens reaching 35%, providing strong support for the price of WCT.

The surge in WCT price can be attributed to several key factors:

Firstly, the surge in cross-chain demand has become the main driving force behind the growth of WCT. Data shows that the frequency of cross-chain operations by decentralized finance (DeFi) users has increased by 120% month-on-month, and the daily average connection volume of WCT has surpassed 1 million times. This trend highlights the important position of WCT in the Web3 ecosystem.

Secondly, the entry of institutional investors has brought more attention to WCT. Some large investment institutions have included WCT in their Web3 infrastructure index funds, managing over $500 million. This not only enhances WCT's market position but also injects confidence into its future development.

Finally, the upcoming technical upgrade of WCT is also an important factor driving the price increase. The soon-to-be-launched V2 mainnet will support cross-chain minting of Bitcoin inscriptions and NFTs, and will increase single-chain transaction throughput to 10,000 TPS. This technological breakthrough is expected to further expand the application scenarios of WCT, attracting more users and developers.

With the continuous development of the Web3 ecosystem, cross-chain interoperability is becoming increasingly important. WCT, as a key infrastructure connecting different blockchains, is gradually being recognized for its value by the market. However, investors still need to exercise caution and closely follow market dynamics and potential risks.