WalletConnect Expands Ecosystem to Solana: Launch of WCT Token.
✅ Integration with Solana and Wormhole Technology
The launch of WCT on Solana utilizes Wormhole's Native Token Transfers (NTT) framework, enabling WCT tokens to move natively between Ethereum, Optimism, and Solana without the need for wrapping.
This enhances liquidity and token integrity across the network, while strengthening interoperability between blockchains.
✅ Airdrop of 5 Million WCT for Active Solana Users
As part of its adoption strategy, the WalletConnect Foundation will distribute 5 million WCT tokens to active Solana users.
This distribution will be carried out through ecosystem partners such as Phantom, Jupiter, Backpack, and Solflare.
The WCT token plays an important role in the WalletConnect ecosystem, including for staking, governance, and transaction fee payments in the future.
✅ Role of WCT in the WalletConnect Ecosystem
The WCT token is designed to be the backbone of the WalletConnect ecosystem. In addition to being used for staking and governance, WCT will also be used for transaction fee payments and other incentives in the future.
With the launch on Solana, WalletConnect hopes to reach a broader user base and increase participation in its ecosystem.
✅ Strategic Steps Toward a Multichain Ecosystem
WalletConnect founder and director, Pedro Gomes, stated that the launch of WCT on Solana is part of WalletConnect's efforts to become a blockchain-agnostic protocol.
After previously focusing on Ethereum, WalletConnect is now working to expand its reach to various blockchain networks to enhance interoperability and user adoption.
✅ Impact on the Solana Ecosystem
With the incentive of an airdrop, it is expected that there will be an increase in user activity and liquidity on the Solana network.
Moreover, collaboration with popular wallets like Phantom and Solflare can strengthen Solana's position as one of the leading blockchain networks in terms of adoption and innovation.
