Why is WCT the Focus of Web3?
In the Web3 era, the seamless connection between wallets and decentralized applications (DApps) is the lifeblood of the blockchain ecosystem. WalletConnect (WCT), as a leading open-source protocol, has become the industry standard for Web3 infrastructure through its innovative cross-chain connection technology! This article will delve into the core value, functionality, and investment potential of the WCT token, unlocking the wealth code of Web3 for you! Come and share your thoughts in the comments section!
1. What is the WCT Token?
WCT is the native token of the WalletConnect network, launched in September 2024 on the Optimism OP Mainnet, combining Ethereum's security with OP Mainnet's high-speed performance. The WalletConnect network connects over 600 wallets and more than 40,000 DApps through end-to-end encrypted QR codes or deep link technology, supporting over 50 mainstream public chains including Ethereum, Solana, and BNB Chain, cumulatively facilitating over 185 million on-chain connections and covering over 30 million users. The WCT token powers the decentralized development of the network through rewards, staking, governance, and potential fee mechanisms, serving as the core engine for the Web3 user experience (UX) ecosystem.
The Four Major Functions of WCT
Reward Mechanism: WCT serves as an incentive tool, rewarding node operators, wallet developers, and community contributors. For example, node rewards are based on performance metrics like uptime and latency, incentivizing network infrastructure optimization.
Staking: Users can stake WCT to participate in network security maintenance, earning rewards and governance rights. The staking period ranges from 1 week to 2 years, with rewards tied to the amount staked and the lock-up period.
Governance: WCT holders can vote on network proposals, such as future service fees or technical upgrades, empowering the community with decentralized control.
Potential Fees: The network is currently free, but may introduce WCT-based service fees (such as relay services) in the future, decided by community voting.
2. WCT Token Economics: Transparent and Sustainable
$WCT has a total supply cap of 1 billion tokens, and the distribution structure is designed to support the network's long-term development:
WalletConnect Foundation (27%): For ecosystem development, collaboration, and funding.
Airdrop (18.5%): Rewards active users, developers, and node operators, with the first 50 million tokens airdropped to communities like Solana in October 2024.
Team (18.5%): Allocated to the Reown and WalletConnect teams, unlocking over 4 years, with a 1-year lock-up period.
Incentive Program (17.5%): 5% allocated in the first year, with the remaining 12.5% for subsequent incentives.
Early Supporters (11.5%): Rewards early investment institutions such as Hashkey and Coinbase.
Core Development (7%): Supports protocol and technology module development.
The initial design of WCT does not include an inflation mechanism, but the community can flexibly introduce fees or inflation mechanisms through governance to ensure network sustainability. As of May 31, 2025, the circulating supply of WCT is approximately 186.2 million tokens, with a market cap of about $207 million and a 24-hour trading volume of $797 million, indicating strong market activity.
3. Investment Potential of WCT
Essential Web3 Infrastructure: Web3 users are expected to surpass 1 billion by 2025, leading to a surge in wallet-DApp connection demand. As an industry standard, WCT has been integrated with mainstream applications like MetaMask, Trust Wallet, and Uniswap, covering a wide ecosystem.
Multi-Chain Expansion: WCT has been deployed on Optimism and Ethereum, and has expanded to Solana through Wormhole NTT technology, enabling faster transactions and lower costs.
Community-Driven Growth: The first airdrop in October 2024 and Binance Launchpool (Project 67) sparked a frenzy, with the WCT price rising over 45 times from the IEO ($0.02), and a recent 7-day increase of 93.3%.
Decentralized Governance: WCT holders can participate in DAO decision-making, gradually transitioning to a fully decentralized model to enhance community control.
4. The Future of WCT: The Cornerstone of Web3 Connections
The WalletConnect network is expected to grow over 240% in 2024, facilitating over 22 million connections monthly, covering leading DApps worldwide. As the Web3 ecosystem expands, WCT's multi-chain deployment, decentralized governance, and community incentives will further solidify its market position. Recent discussions on platform X indicate that WCT's expansion in the Solana community and success in Binance Launchpool have made it one of the most sought-after tokens for 2025.
