Key Takeaways:
- Worldcoin’s Layer-2 upgrade on Ethereum and USDC integration have driven a surge in ecosystem activity, with TVL rising from $3M to nearly $50M.
- Despite the growth, WLD’s price remains under pressure, struggling to hold the $1 level amid bearish technical signals.
Worldcoin (WLD) has taken a major step forward with the launch of its own Layer-2 blockchain on Ethereum’s mainnet. Dubbed World Chain, the upgrade aims to enhance scalability and usability within the Worldcoin ecosystem. While the chain is still in its early stages, recent metrics show encouraging signs of growth.
One of the most significant developments has been Circle’s integration of USDC and its Cross-Chain Transfer Protocol (CCTP V2) into the World Chain. This move positions USDC as a native stablecoin on the network, unlocking seamless liquidity and stable-value transfers between decentralized applications (dApps) on the chain. As a result, the ecosystem could see a rise in developer activity and user adoption.
The upgrade’s impact is already reflected in the Total Value Locked (TVL) on World Chain. According to data from DeFiLlama, TVL surged from just $3 million in early May to nearly $50 million by June. The sharp increase suggests growing investor confidence and usage, possibly fueled by the stablecoin integration and broader ecosystem participation.
Decentralized exchange (DEX) volumes for WLD have also spiked in recent weeks, further signaling rising activity. However, the altcoin’s price performance tells a different story.
Currently trading around $1.09, WLD recently broke below a key rising trendline that had supported its price since April. Technical indicators such as the MACD confirm bearish momentum, with the histogram printing red bars and values below the signal line. If the token fails to hold the critical $1 support level, the next key demand zone may lie near $0.785—a level marked by prior consolidation.
Despite the bearish structure, capital inflows driven by World Chain developments could help stabilize WLD’s price. However, until bulls reclaim the ascending trendline, the outlook remains cautious.
In the short term, defending the $1 psychological level will be crucial. A rebound above that level could signal renewed bullish interest, while a sustained breakdown might open the door to deeper corrections.
Worldcoin’s Layer-2 evolution is laying the foundation for ecosystem growth, but the WLD token must overcome technical hurdles to benefit from this momentum. The coming weeks will be critical in determining whether on-chain development can translate into sustained market confidence.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
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