Follow Maomao Jie for a quick access to the wealth code


WalletConnect Token ($WCT) has rapidly gained market popularity since its launch at the end of 2024, with recent market performance being particularly strong, and the spot price has now surpassed $0.67, setting a new all-time high.

📈 Current trend performance

  • Clear upward trend: Starting from a low point of about $0.18 after the initial airdrop, steadily rising over three months, the current price is nearing a 3.5x increase, entering the main upward wave phase.

  • Trend shape:

    • Weekly: Showing a continuous upward channel, breaking through previous highs with increased volume over the past two weeks, forming a strong bullish pattern;

    • Daily: MACD bullish continuation, moving averages in bullish arrangement, short-term pullbacks are quickly bought.


  • Key technical level: $WCT

    • Support levels: $0.50 (previous platform high), $0.42 (breakout from previous consolidation zone);

    • Resistance levels: No obvious short-term pressure, needs to consider Fibonacci extension targets, the first mid-term target range is $0.75~$0.80.

  • Volume observation: CEX and DEX daily trading volume stabilizing and expanding,the number of active wallets on-chain has significantly increased, providing actual capital support for this round of price increase.

🚨 Risk reminder: Currently in a trend acceleration period, pullback magnitude may worsen, particularly beware of rapid retracement risks during team unlocks or macro bearish conditions.

🔍 Two, WalletConnect project introduction and core logic


🔗 Background positioning

WalletConnect is the most fundamental connection protocol in the Web3 world, solving the communication problem between wallets and DApps. It acts like 'Web3's Socket,' providing secure, standardized, and modular communication channels between chains and applications, as well as between users.

  • Founding time: 2018

  • Founder: Pedro Gomes

  • Protocol vision: To build decentralized infrastructure for Web3 communication and identity, serving multi-chain ecosystems and multi-device connections.

    Currently widely used by mainstream wallets such as MetaMask, Trust Wallet, Coinbase Wallet, Zerion, etc., it is one of the irreplaceable connection protocols.



🛠 Technical architecture highlights


Session Layer
Supports bidirectional encrypted session connections between wallets and DApps


Relay Network
Decentralized relay network, supports message transmission and node access (based on Waku protocol)


Push Layer
Supports off-chain notifications (such as transfers, governance reminders, etc.)


DID and identity layer
User identity binding and Session NFT module under development


✅ v2 protocol supports multi-chain, session recovery, asynchronous push, batch authorization, and other functions


✅ Collaborative space with ENS, ZK authentication, Push Protocol

✅ Upgrading communication from 'scan code login' to 'on-chain identity communication framework'

💰 Three, WCT token mechanism and economic model


Basic information


Token symbol: $WCT

Total supply: 1,000,000,000

Initial circulation: about 18.6% (186 million pieces)

Core uses ⬇️

✅ Pay Relay relay fees

✅ DAO governance voting (under construction)

✅ Rewards to ecological contributors (developers, nodes, integrators)

✅ Bound with future DID identity and NFT authorization modules

🧩 More than 200,000 users participated in the airdrop, forming a good initial user distribution and decentralized foundation.

🧠 Four, comprehensive value analysis: opportunities and risks coexist


🚀 Core value points

  1. Protocol network effect: has become the connection standard for Web3, with extremely high integration barriers.


  2. Strong technical extensibility: can serve as a foundational protocol for DID, ZK verification, and off-chain communication layers.


  3. Token mechanism is comprehensive: covering payment, governance, and incentives.


  4. Decentralization path is clear: promoting DAO governance, creating an open Relay node network.

WCT is not a narrative concept coin in the traditional sense; its core logic stems from the accumulation of protocol value and depth of ecological embedding. If wallets are the entry points to Web3, then WalletConnect is the foundational communication protocol for that entry. Currently, both the technical and market aspects are strengthening, combined with the potential launch of a governance DAO and node incentive system in the future, WCT is expected to evolve from a 'connection tool' to a 'value-capturing protocol asset.'