Why Worldcoin Is Back in the Spotlight?

China just took a jab at Worldcoin over its data collection strategy, and even described it as a threat to national security.

This was not the first time that Worldcoin found itself facing criticism over data collection as part of its plan to create a universal digital ID.

Worldcoin was previously the subject of criticism over data concerns in 2024. It was even banned in multiple countries after being found to be in breach of privacy laws.

This latest callout by China raises questions about the future of the project. It also underscored the challenges holding back any efforts aimed at creating a world digital ID.

China’s latest push against Worldcoin and similar projects highlighted the concern that such efforts would be used to undercut sovereignty. Some have also projected that such efforts could lead to a dystopian outcome contrary to current expectations.

The protocol maintained that decentralized data controls, as well as limited data collection, could help overcome those concerns.

Although the situation presented a challenge for Worldoin’s plans, new data reveals just how the project has been faring.

Worldcoin Maintains Positive Trajectory Despite Criticism

Recent data revealed that Worldcoin was still growing even though data concerns slowed its efforts. The project has reportedly gained 1.8 million newly verified users over the last 8 weeks.

The data suggested that the rate of growth would have been higher if it were not for the limited number of orbs available.  For context, slightly over 1,800 orbs have been deployed across the world so far.

Moreover, Worldcoin’s mini app ecosystem also registered significant growth during the same 8-week period. More than 150 new apps were added, doubling compared to the figure recorded slightly after mid-May.

The analysis revealed that this growth was largely thanks to the integration of USDC into Worldcoin’s mini app ecosystem.

Analysts saw this as a positive move for the project because it unlocks the flow of real value within the ecosystem, as opposed to the previously speculative approach.

These changes could signal that Worldcoin may be pushing deeper into DeFi, an outcome that has the potential to boost confidence among the community and potential investors.

Will WLD coin bounce back from recent depths?

There was no doubt that privacy concerns may have weighed in heavily not only on the project but also on the demand for its native coin, WLD.

The latest growth figures signaled that the coin might be on a path towards redemption. Especially after the extremely bearish outcome in 2024 and 2025 so far.

For context, WLD’s clocked $11.88 at its historic top in March 2024. It was subjected to a steep discount since then, and exchanged hands at $0.95 at press time. This implies a 92% discount from its historic top.

WLD price action demonstrated that there was significant demand considering its bullish attempts in April, May, and July. However, its performance in recent weeks demonstrated weak demand.

WLD experienced one of the largest token unlocks in recent history. Its circulating supply went up by 300 million WLD coins in the last 2 months.

This surge was equivalent to a 20% surge in token supply, meaning it was enough to cause more price dilution.

While the sharp uptick in token supply may have impacted price, its recent dip brought it closer to its historic low.

Low enough for investors to notice the massive discount, and also at a time when recent changes in terms of user growth and stablecoin support were up.

These data points underscored WLD‘s balancing act. On the one hand, the discounted price and network activity may be attractive to investors.

Besides, China’s latest criticism highlighted sustained concerns over its unique approach.