$WCT is the native utility + governance token of the WalletConnect Network.
The
#WalletConnect Network is a protocol used to connect crypto wallets with decentralized applications (dApps), ensuring secure, multi-chain interoperability.
The token is used for multiple functions:
1. Governance — WCT holders can vote/participate in decisions for the network.
2. Staking & Rewards — Incentives for network participation.
3. Network fees / access — For premium features or services.
Tokenomics & Key Stats
Total supply: capped at 1 billion WCT tokens.
Circulating supply: ~186 million WCT.
Current price: approx US$0.30–0.31 per WCT.
Market cap: ~US$57 million (based on circulating supply × current price).
Recent Developments & Context
Launch: WCT was launched in April 2025 on Optimism.
Expansion to Solana: The token has been made available on Solana, and there was an airdrop of 5 million WCT to active Solana users via partners like Phantom, Jupiter, Backpack and Solflare.
Platform growth: The WalletConnect protocol already supports a large number of wallets and dApps. For example, “300 million connections” and “~47.5 million users” across 600+ wallets, 67,000 apps in the ecosystem.
Strengths & Potential
Strong use‐case: Wallet-connectivity is a fundamental component of Web3 infrastructure. As more dApps are built, the demand for seamless, secure wallet integration grows. WCT sits right in that niche.
Governance & decentralization: Having token-based governance may help give the community more say in directions the protocol takes.
Multi-chain presence: Expanding onto Solana (besides Ethereum/Optimism) broadens the reach, user base, and utility.
Risks & Things to Watch
Price volatility: Like many newer utility tokens, WCT has had a sharp all-time high (~US$1.34) and has dropped significantly since.
Token unlocks / dilution: With only ~18–20% in circulation right now, additional supply (team, incentives, community allocations) could impact price.
Competition & adoption risk: Other protocols could emerge with similar wallet-dApp connectivity, or existing ones scale more aggressively.
Regulatory / security risk: As with all crypto infrastructure, especially ones dealing with access and governance, scrutiny around security, compliance, and regulation can affect adoption or operations.
Price Outlook
Some projections see WCT staying relatively stable in the near term, with modest gains or sideways movement.
Longer term, if the adoption of Web3 continues to accelerate and WalletConnect captures more of that traffic, the token may see more upside. But much depends on how well the network scales, handles governance, and delivers value to holders/users.
@WalletConnect #CreatorPadBinance