Unlocking a New Ecosystem of Web3 Connections: In-Depth Analysis of WCT Token
WCT (WalletConnect Token) is the native token of the decentralized connection protocol WalletConnect, designed with a total supply of 1 billion to build a sustainable ecosystem. In the token distribution, 27% is allocated to the foundation to promote long-term development, 18.5% is activated through airdrops to engage the community, and the remainder incentivizes the team and early participants.
Its core functions encompass governance, staking, and ecosystem incentives: holders can participate in protocol upgrade voting, earn transaction fee dividends and token rewards through staking, and high-quality services within the ecosystem can also receive WCT incentives. Future plans include using the token for network service payments, further solidifying its utility.
On the market side, in May 2025, the price of WCT is approximately $1.16, with a market cap of $216 million. After its launch, it experienced a growth of 276%, with active trading volume on platforms like Binance. In the short term, analysts predict it may experience consolidation before continuing to rise; in the long term, if WalletConnect becomes a benchmark for Web3 infrastructure, token demand could surge in the 2030s, with the price expected to increase by 5-6 times.
As a key hub connecting wallets and dApps, WCT is emerging as an indispensable infrastructure token in the crypto realm, with multidimensional functionality and ecosystem expansion potential.#wct $ETH
