#WCT🔥🔥🔥🔥
WalletConnect Expands to Solana with $5 Million WCT Airdrop Targeting Phantom and Backpack Users
WalletConnect has officially launched its native WCT token on the Solana blockchain, marking a significant expansion beyond its existing integrations with Ethereum and Optimism. To incentivize adoption, WalletConnect has initiated a $5 million airdrop campaign aimed at active Solana users via strategic partners. This initiative reinforces WalletConnect’s commitment to multichain interoperability while enhancing the user experience across Solana-based decentralized applications.
WCT Launch Enhances WalletConnect’s Multichain Capabilities
The deployment of WCT on Solana leverages Wormhole’s Native Token Transfers (NTT) technology, enabling seamless and gas-efficient cross-chain token transfers. This approach allows users to move WCT tokens directly between Solana, Ethereum, and Optimism without the need for wrapped tokens, while maintaining a fixed total supply through a burn-and-mint mechanism.
According to Reown, the team behind WalletConnect, the Solana integration offers users lower transaction costs and faster settlement times, supporting a wider array of decentralized applications that integrate WalletConnect’s protocol. Additionally, the WCT token is positioned to expand its utility through governance and staking features across supported chains.
Notable Solana-based applications, including Drift, Marinade, Kamino, and Backpack, have already integrated WalletConnect via Reown’s AppKit, enabling native support for WCT tokens. This integration facilitates enhanced trading and token functionalities, setting the stage for further ecosystem growth. WalletConnect remains focused on expanding its presence within ecosystems that prioritize user experience and on-chain engagement.
