$WCT #wct
## 🔹 What is WalletConnect Token (WCT)?
**WalletConnect Token (WCT)** is the native token of the **WalletConnect Network**, a decentralized communication protocol that securely connects cryptocurrency wallets with decentralized applications (dApps). Since its launch in 2018, WalletConnect has become the industry standard in connecting wallets and dApps, supporting over 220 million connections for more than 35 million users worldwide.
## ⚙️ Uses and Functions of WCT
WCT has several main functions within the WalletConnect ecosystem:
* **Staking**: Users can stake WCT to support the security and efficiency of the network and earn rewards.
* **Governance**: WCT holders have voting rights in decision-making related to the development and changes to the protocol.
* **Network Fees**: WCT is used to pay service fees in the network, such as for relay usage and other services.
* **Rewards**: WCT is distributed as rewards to users and service providers who contribute to the network.
## 📈 Current Statistics and Performance
* **Current Price**: About \$0.3865 USD
* **Market Capitalization**: About \$72 million USD
* **24-Hour Trading Volume**: About \$67 million USD
* **Circulating Supply**: 186,200,000 WCT
* **Maximum Supply**: 1,000,000,000 WCT
## ✅ Advantages of WCT
* **Wide Adoption**: WalletConnect is used by over 600 wallets and 54,000 applications, making it one of the most widely used protocols in Web3.
* **Decentralization and Security**: Utilizes end-to-end encryption and service node architecture to ensure user data privacy and security.
* **Interoperability**: Supports various blockchain ecosystems, including Ethereum, Solana, Cosmos, Polkadot, and Bitcoin.
* **Active Community**: Supported by a large community and leading industry partners such as Consensys, Ledger, and Nansen.
