WalletConnect expands to Solana and drops 5 million WCT!

Big DeFi move: WalletConnect just launched its governance token WCT on the Solana blockchain and airdropped 5 million tokens to active users.

Big move in DeFi: WalletConnect launched its governance token WCT on the Solana network and dropped 5 million tokens to active users.

What Happened? | What Happened?

  • WalletConnect moves away from an Ethereum-only model

  • Begins a multi-chain strategy, starting with Solana

  • Airdrop targeted Phantom, Backpack, Solflare, Jupiter & Drift users

  • Brings WalletConnect’s infrastructure deeper into Solana apps

WalletConnect transitions from a centralized model on Ethereum to a multi-chain protocol, starting with Solana, in collaboration with leading applications in the ecosystem.

Token Impact | WCT Token Impact

  • Current price: $0.59

  • Market cap: $109.5M

  • 30-day gain: +55.7%

  • Last 24h: -2.8%

The current price of WCT token is $0.59 and the market cap is $109.5 million. A rise of 55.7% over the month despite a slight decline today.


Why This Matters | Why This Matters?

  1. Solana gets stronger DeFi infrastructure via WalletConnect

  2. More dApps can offer cross-chain wallets seamlessly

  3. WCT becomes a benchmark for chain-agnostic governance

  4. Airdrops build loyalty and boost on-chain engagement

This step enhances DeFi in Solana, facilitates interaction across different chains, makes WCT a key governance tool, and increases activity within the network.

Looking Forward | What to Expect?

  • More chains may follow (Polygon? SUI? Arbitrum?)

  • Airdrop wave may continue with performance-based criteria

  • Could drive higher TVL and wallet connections on Solana

  • Regulatory eyes may watch these governance models closely

Do we see a later expansion to other networks? Solana has become a serious destination for multi-protocols, and decentralized governance has caught the attention of regulatory bodies.


Airdrops aren’t dead — they’re evolving.

The airdrop isn’t over… it’s evolving.

#WalletConnect #WCT #Solana #WhaleJamesWynnWatch #Airdrop

@Nohawn

(Disclaimer: Not financial advice | Not financial advice)