Why is $WCT favored? Its strong rise is not without reason.
1. Strong Technical Foundation: Since its launch in 2018, WalletConnect has become the infrastructure standard in the Web3 field, completing over 275 million wallet and DApp connections, covering more than 600 wallets and 61,000 applications, providing a solid technical and user foundation for the development of WCT.
2. Clear Functional Positioning: WCT is the native token of the WalletConnect network, with governance, rewards, and fee payment functions within the ecosystem. In the future, partnerships supported by the foundation and developer incentives can attract more dApps and wallets to integrate the WalletConnect protocol, expanding the ecosystem.
3. Growing Market Demand: With the popularity of Web3 applications, users' demand for secure and convenient on-chain interactions is increasing. The WalletConnect network has over 5 million monthly active users, and as the user base of Web3 expands, the demand for WCT tokens is expected to continue to grow.
4. Support from Well-Known Exchanges: Top exchanges such as Binance, OKX, and Bitget have supported WCT trading, continuously enhancing market liquidity, which helps improve the trading activity and market recognition of WCT.
