RootData Top 50 Project Ranking Surge List: WalletConnect ranks first, SphereOne ranks second

ChainCatcher message, according to the ranking surge data from the Web3 asset data platform RootData, as of 5 AM on September 18, WalletConnect has risen by 615 ranks, placing first; SphereOne has risen by 597 ranks, ranking second; Ducat has risen by 595 ranks, coming in third.

Additionally, the Web3 asset data platform RootData shows that WalletConnect is an open protocol for secure communication between wallets and Dapps (Web3 applications). This protocol uses bridge servers to establish remote connections between two applications and/or devices to relay payloads. These payloads are symmetrically encrypted using a shared key between the two peers.