When WalletConnect launched its native token, $WCT, in September 2024, it was more than just another crypto asset. The token was designed as the backbone of WalletConnect’s decentralized ecosystem, giving the community ownership, network security, and long-term growth potential. Unlike many new tokens that flood the market immediately, WCT has a carefully managed supply: of the 1 billion total tokens, only 186 million are currently in circulation. The remaining 81% are locked under a vesting schedule, ensuring stability and signaling the team’s commitment to sustainable growth.
WCT is not a passive asset; it has multi-layered utility built into the protocol. First, it functions as a governance token. Holders will soon be able to propose and vote on key protocol upgrades, fee structures, and other operational decisions, giving the community a genuine role in shaping WalletConnect’s future. Second, WCT is a staking token, used to secure the decentralized relayer network. Node operators, responsible for maintaining uptime and low latency, earn WCT for their contributions, aligning incentives with network reliability. Wallet providers also benefit, creating motivation to build smooth and efficient user experiences.
Additionally, WCT is poised to become “information gas” for the WalletConnect ecosystem. While the platform currently doesn’t charge usage fees, future premium services and high-volume operations will require WCT, ensuring consistent demand as Web3 adoption grows. This combination of governance, staking, and network utility positions WCT as a core component of WalletConnect’s long-term strategy.
The token has already seen a volatile market debut, reflecting typical behavior for new crypto assets. After launching, WCT spiked to $1.35 before stabilizing around $0.28. Despite this fluctuation, the market has responded with healthy liquidity and active trading across Binance, Coinbase, Kraken, and Bitget. With a circulating market cap of approximately $51.5 million and a fully diluted valuation near $282 million, the token’s value is tied not just to speculation but also to its strategic role in network growth.
WalletConnect has executed WCT’s rollout with careful timing. From initial airdrops for early adopters in September 2024, to staking launches in November 2024, and listings on major exchanges throughout 2025, each step reinforced the token’s credibility. By gradually unlocking governance and staking functions before mass circulation, the team ensured that WCT serves as a stable, utility-driven asset rather than a short-term speculation tool.
In essence, WCT is more than a digital token—it’s the heartbeat of WalletConnect, powering governance, securing the network, and enabling future monetization. As WalletConnect continues to expand as a universal connector for Web3, WCT is positioned to capture its growth, providing both users and investors with a stake in one of the most essential pieces of decentralized infrastructure.