WalletConnect Network Sees Rising USDC Flow in H1 2026
TL;DR
- WalletConnect Network processed $155.9 billion in USDC volume during the first half of 2026, distributed across more than one million transactions.
- USDC accounted for 56.1% of the network’s total stablecoin volume, leading both institutional flow and organic retail activity.
- Ethereum Mainnet concentrated $149.51B of the volume, while Base led the transaction count with 366,864 recorded operations.
WalletConnect processed $155.9 billion in USDC volume during the first half of 2026, according to a report published by Saman Nargund, Ecosystem & Marketing Partnerships Lead at the company. The analysis details how the world’s largest stablecoin by regulated market capitalization has become the central asset of the onchain economy, for both institutions and retail users around the world.
The WalletConnect report distinguishes two layers of activity. The first comprises institutional custodians moving volumes at significant scale. The second encompasses more than 1.06 million transactions from self-custody individual users, which generated $6.94 billion in organic volume, excluding institutional flow. Both layers converge on one conclusion: USDC is the asset that users and institutions choose to move, operate, and bridge across chains.
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