WalletConnect Token ($WCT ) is the native utility token of the WalletConnect Network, a decentralized communication protocol designed to securely connect cryptocurrency wallets with decentralized applications (dApps) across multiple blockchain ecosystems, including Ethereum, Solana, Cosmos, Polkadot, and Bitcoin .
Key Features of WCT
Governance and Rewards: WCT serves as both a governance and rewards token within the WalletConnect Network. Token holders can participate in decision-making processes and are incentivized for their contributions to the network's security and efficiency .
Staking: Participants can stake WCT tokens to earn rewards and have a say in the network's governance, promoting active involvement in the ecosystem .
Transferability: As of April 15, 2025, WCT became fully transferable, allowing holders to freely move tokens between wallets and addresses, enhancing its utility beyond governance and staking .
Tokenomics
Total Supply: 1 billion WCT tokens.
Circulating Supply: Approximately 186 million WCT tokens are currently in circulation .
Allocation:
WalletConnect Foundation: 27%
Airdrops to Users and Contributors: 18.5%
Project Team, Incentive Programs, Early Supporters, and Core Development: Remaining supply .
Recent Developments
Price Surge: WCT has experienced significant growth, with its price increasing by over 270% in the past month, reaching an all-time high of $1.12 on May 29, 2025 .
Expansion to Solana: WalletConnect announced its expansion to the Solana blockchain, with 5 million WCT tokens set for an airdrop to eligible users, including Jupiter stakers .
Market Performance
Conclusion
WalletConnect Token (WCT) plays a crucial role in the WalletConnect Network by facilitating secure connections between wallets and dApps across various blockchains. Its functions in governance, rewards, and staking, along with recent developments like full transferability and expansion to Solana, position WCT as a significant player in the decentralized ecosystem.
