💰 What is WCT?
Native utility token of the WalletConnect Network—a cross‑chain ecosystem that securely connects crypto wallets to dApps across Ethereum, Optimism, Solana, Cosmos, Bitcoin, and more
nftevening.com
Functions include staking, governance, fees, and node/relay rewards .
📈 Tokenomics & Supply
Max supply: 1 billion WCT
Circulating supply: ~186 million (≈18–19%)
Allocation: ~27% to Foundation; ~18.5% reserved for airdrops; remainder to team, early supporters, node incentives, etc.
🔄 Transferability & Airdrops
Initially non-transferable to prevent early trading—only for staking/governance
Transferability enabled recently, after community milestones such as 16 node operators and 100 M WCT staked Airdrops started late 2024, rewarding users/builders—watch for more via official channels.
💵 Price & Market Metrics
Current Price: ~$0.35 USD (roughly ₹30 INR) .
Market Cap: Around $64–65 million, ranking between #439–#601 on major trackers .
Trading Volume: ~$45–50 million over the past 24 hours, signaling solid liquidity
Price Action: Price peaked at ~$1.34 on May 31, 2025, dipped to ~$0.28 on April 15 (launch day), and has since stabilized around $0.35
🌐 Why It Matters
Infrastructure Backbone: WalletConnect is central to Web3 wallet‑to‑dApp connectivity, supporting 600‑plus wallets and over 40 000 dApps, with 150 million+ connections
walletconnect.network
Decentralization Push: WCT empowers community-driven governance and incentivizes node operators, boosting decentralization
📈 Outlook
On-Chain Utility: As adoption of WalletConnect grows, demand for staking, governance, and node rewards may rise.
Developer & Community Engagement: Ongoing ecosystem expansion, node infrastructure development, and token rewards support long‑term network health.
Speculative Potential: Some analysts, including Binance, project WCT could hit $3 by end of 2025, owing to rapid ecosystem adoption and utility
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