Worldcoin

Worldcoin is a Layer 1 blockchain project whose central aim is to build a global identity and financial network accessible to anyone. Its core product, World ID, lets people prove online that they are a unique, real human being without revealing personal information, using a cryptographic technique called zero-knowledge proofs. The problem it targets is the difficulty of distinguishing real people from bots or duplicate accounts on the internet, a challenge that affects platforms ranging from social networks to government benefit programs.

The project is built on World Chain, a blockchain in the Optimism ecosystem, meaning it settles transactions using an optimistic rollup architecture connected to the Ethereum network. Users obtain a World ID by having their iris scanned by a physical device called an Orb, which generates a unique identifier without storing the biometric image itself. The WLD token is used for governance, allowing holders to participate in decisions about the protocol, and it serves as the native currency within the broader Worldcoin system.

The chain collected 619 dollars in fees over the most recent single day and 4,914 dollars over the trailing seven days, with a trailing 30-day total of 23,269 dollars; the annualized figure derived from that 30-day window is approximately 283,106 dollars. These fees are paid by users submitting transactions to World Chain and reflect the gas costs of on-chain activity, with a median transaction fee of 0.000781 dollars recorded on the most recent full day. Fee-based valuation ratios are therefore very wide: the market capitalization divided by annualized fees stands at roughly 6,903 and the fully diluted valuation divided by the same figure is roughly 18,112, which reflects how small the fee stream is relative to the asset's current size.