WalletConnect ($WCT)
💡 WalletConnect is the leading open-source protocol in Web3, securely connecting cryptocurrency wallets with decentralized applications (dApps). Launched in 2018, it supports over 300 million connections, serves 47.5 million users, links 600 wallets, and 67,000 dApps across blockchains like Ethereum, Solana, and Bitcoin. WalletConnect uses end-to-end encryption, allowing connections via QR code or deep linking without exposing private keys, ensuring security and multi-chain compatibility.
📚 $WCT is the token of the WalletConnect Network, issued on the Optimism network with a total supply of 1 billion. $WCT is seen as playing a role in:
- Governance: Token holders vote on protocol upgrades, fees, and rewards.
- Service fees: In the future, fees may be applied for dApps, payable in $WCT.
- Rewards: 17.5% of total supply rewards for node operators, wallets, and the community.
- Staking $WCT to enhance security and receive rewards.
💰 Tokenomics: 27% for the WalletConnect Foundation, 18.5% for airdrops (season 1: 50 million tokens in 2024), the remainder for the team and incentives. Airdrop requires connecting Ethereum wallet and GitHub, based on network activity. $WCT trades on Binance, Bitget, priced around $0.35 (12/06/2025, CoinMarketCap).
✅ Long-term strategy: WalletConnect is transitioning from a protocol to a decentralized network, governed by the community, improving the Web3 experience. $WCT serves as an incentive for users, developers, and nodes, building a sustainable UX ecosystem. With the increasing demand for wallet-dApp connections, $WCT has significant potential but carries market risks.
👉 Conclusion: WalletConnect and $WCT are shaping the future of Web3 with secure, multi-chain connections. This is a noteworthy project for users and investors, but thorough research is needed before participation.
