WalletConnect Token ($WCT )
Purpose:
WCT is the native token powering the WalletConnect Network, which is a decentralized protocol that securely connects cryptocurrency wallets (like MetaMask, Trust Wallet) with decentralized apps (dApps). It's widely used across DeFi, gaming, and Web3 tools.
Key Features:
Peer-to-peer messaging between wallets and dApps
Decentralized infrastructure (no central servers)
Incentives for network participants (e.g., relayers, validators)
Governance: Token holders will help shape protocol upgrades
Recent Highlights:
Solana integration: As of May 2025, WalletConnect announced support for Solana, expanding its ecosystem.
Gaining adoption in multichain dApp platforms and crypto wallets.
Tokenomics:
Max Supply: 1,000,000,000 WCT
Circulating Supply: ~186 million WCT
Current Price: ~$0.66 USD (subject to market fluctuation)
Market Cap: ~$122M