WHAT WCT ?
The WalletConnect Token (WCT) is the native governance and utility token of the WalletConnect Network. This network plays a crucial role in the Web3 ecosystem by enabling secure and seamless connections between crypto wallets and decentralized applications (dApps) across various blockchain ecosystems (like Ethereum, Solana, Cosmos, etc.). It facilitates millions of monthly connections for users and is essentially a bridge for app-to-wallet connectivity.
Key Features and Use Cases:
* Core Utility for WalletConnect Network: WCT is integral to the WalletConnect Network, powering its on-chain user experience (UX) ecosystem.
Governance: WCT holders have governance rights, allowing them to propose and vote on network upgrades, fee structures, and strategic initiatives. On-chain governance is a key upcoming feature.
* Staking and Rewards: Users can stake WCT to secure the network and earn additional tokens as rewards. This incentivizes participation and contributes to network decentralization.
* Fees: WCT will be used to pay for network services, ensuring the long-term sustainability of the protocol.
* Ecosystem Growth: WCT supports developer incentives, funding grants for dApp integrations, and wallet partnerships to foster ecosystem growth.
Market Performance and Metrics (as of June 12, 2025):
* Price: Around $0.42 - $0.43 USD.
* Market Cap: Approximately $78 - $80 million USD$WCT
