By [Sajjad Ahmad] | May 29, 2025.
🚀 WCT Lands on Solana with a 5 Million Token Airdrop
WalletConnect, the widely used cross-chain communication protocol, has taken a significant leap in its decentralization roadmap. On May 24, the protocol announced that its governance token, WCT (WalletConnect Token), is now live on the Solana blockchain. Alongside the launch, 5 million WCT tokens will be airdropped to active Solana users, marking a pivotal move to bring new communities into the WalletConnect ecosystem.
According to founder Pedro Gomes, this shift represents the protocol's evolution from being Ethereum-centric to a truly chain-agnostic infrastructure, aiming to serve a broader Web3 community.
🌐 From Ethereum Roots to a Multi-Chain Future
Since its initial launch on Ethereum, WCT has served as a governance token for the WalletConnect protocol, enabling community members to propose and vote on protocol upgrades and strategic decisions.
The integration with Solana marks the first major multi-chain expansion, with additional networks already in the pipeline. Gomes confirmed that “deep collaboration” with the Solana ecosystem has been ongoing for several months, ensuring a smooth rollout and integration.
This move reflects a broader trend in the crypto space: infrastructure protocols are going multi-chain to increase adoption, resiliency, and accessibility.
📈 WCT Market Trends and Trading Insights
Since the Solana announcement:
WCT price has seen a modest uptick, driven by both speculation around the airdrop and optimism about multi-chain utility.
On Ethereum, WCT trades primarily on decentralized exchanges (DEXs) like Uniswap, while Solana users can now access WCT on platforms like Jupiter and Orca.
Liquidity bridges between Ethereum and Solana are being deployed, making WCT transfers easier across chains.
Current Price (as of May 29, 2025): $1.15
Market Cap: ~$98 million
Total Supply: 1 billion WCT
Circulating Supply: ~700 million
Enhanced Governance Participation:
Solana users can now join governance votes, helping steer WalletConnect’s evolution.
Better dApp Interoperability:
WalletConnect’s presence on Solana means more seamless integration between Ethereum and Solana dApps.
Community Growth via Airdrops:
The airdrop strategy is helping WalletConnect capture the interest of active Web3 users on Solana, particularly those previously unfamiliar with the protocols.
🔮 What’s Next for WCT?
The launch on Solana is just the beginning. Upcoming developments include:
Integrations with additional L1 and L2 chains (such as Base, Avalanche, and Polygon)
Improved cross-chain wallet UX via WalletConnect 3.0
On-chain voting mechanisms optimized for multiple ecosystems
As WalletConnect solidifies its position as the standard for wallet-to-dApp communication, WCT holders can expect more utility and influence, regardless of their preferred chain.
📢 Final Thoughts
The move to Solana is more than a technical integration—it's a strategic shift. With the airdrop bringing fresh attention and cross-chain usability on the rise, WCT is evolving into a truly interoperable governance token at the heart of Web3 infrastructure.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research.