Enter WalletConnect. Since 2018, WalletConnect has been the cornerstone of connectivity in web3, providing a bridge between wallets and apps to give users simple and secure ways to connect to the onchain economy. It is the core connectivity layer for over 300 million connections spanning more than 45 million users across the globe, and today, facilitates over 20 million monthly connections for more than 5 million monthly users.
Key Highlights
Revolutionizing Onchain Connectivity: The WalletConnect Network is the open-source network powering more than 300 million seamless and secure connections for over 45 million users, bridging over 61,000 apps to 700+ wallets across all chains.
Shaping the Future of Onchain UX: WalletConnect’s role in web3 today is paramount to the wider space’s future. As the industry’s go-to bridge for app-to-wallet connectivity, WalletConnect drives and facilitates impactful developments and standards across the ecosystem in partnership with top players to radically improve industry UX.
Utility-Powered Token: The WalletConnect Token (WCT) is at the heart of the network, enabling fees, staking, governance, and rewards, creating an incentive structure that benefits users and developers alike, and enables the WalletConnect community to contribute to the function and success of onchain UX.
Leading global backers: WalletConnect is backed and supported by leaders within and beyond the industry. With 16 top-tier node operators such as Consensys, Reown, Ledger, Kiln, Figment, Everstake, Arc, and Nansen, WalletConnect ensures a resilient, scalable, and decentralized foundation for its network.
Tokenomics
The initial supply of WCT is capped at 1 billion, with allocations designed to support the Network's growth and sustainability. These allocations include:
WalletConnect Foundation (27%): For partnerships, grants, ecosystem development, and operations
Airdrops (18.5%): For seasonal airdrops to users, apps, wallets, nodes, etc.
Team (18.5%): For team members
Rewards (17.5%): For staking and performance rewards
Backers (11.5%): For those who provided resources and support to the early-stage Network
Core Development (7%): For further development of the protocol and related modules
Token utility
The WalletConnect Token (WCT) is integral to the WalletConnect Network, fueling the onchain UX ecosystem by empowering its community of users, apps, and wallets to contribute to a better onchain future through shared incentives.
The token has four key functions:
Fees: WCT will be used to pay for network services, ensuring long-term sustainability. Initially, the network won't have a fee structure; however, as it matures, the community may introduce fees through governance mechanisms. The proposed model envisions a Monthly Active User (MAU) fee structure for connection services.
Rewards: 17.5% of the initial WCT supply is allocated to incentivize network participants over the first few years. Rewards will be distributed to community contributors, including wallet providers and node operators, based on performance factors like uptime and latency.
Staking: WCT holders can stake their tokens to support network stability and sustainability, earning rewards in return. Staking rewards come from a portion of the general reward pool. Rewards increase with longer commitments and larger stakes, with mechanisms in place to prevent over-concentration.
Governance: WCT enables holders to participate in the network's governance, allowing them to propose, discuss, and decide on key decisions, such as fee structures and reward allocations. This community-driven approach ensures that the network evolves in line with the interests of its participants.
Latest Transferability Vote:
Roadmap & technology
The WalletConnect Network today plays a critical role as the centerpiece of connectivity for web3, connecting apps and wallets and providing fundamental communication channels for almost all projects and tools within the onchain economy to enable millions of users to connect to the decentralized world.
The network began its decentralization roadmap in 2023 with its first major technical upgrade to v2 of the network. In 2024, it entered the next phase through the introduction of node operators. The network is taking a phased approach to decentralization:
Over 106.5M WCT staked with 142,661+ WCT Holders—securing the WalletConnect Network!
The WalletConnect Network supports 700+ wallets, so chances are, you’re already a network power user. WalletConnect facilitated 18M connections in March alone for the top eight Web3 wallets.
Benefits of Staking WalletConnect Token (WCT)
Staking WalletConnect Token (WCT) allows you to earn steady returns, engage with the protocol’s governance, and support the overall health of the network. Whether you’re an investor looking for passive income or someone interested in shaping the protocol’s future, staking WCT offers powerful incentives across multiple areas. Below are the key benefits explained in a clear, easy-to-understand format.
Earn Weekly Rewards with Stake weight
When you stake WCT, you unlock the ability to earn weekly rewards based on your stake weight. This value reflects both the number of tokens you lock and how long you commit them. The formula used is:
Stakeweight = (Amount of WCT) × (Remaining Lock Time in weeks) / 209
For example, if you stake 1,000 WCT for 40 weeks, your stake weight equals 191.3. The protocol uses this number to determine how much of the weekly reward pool you’ll receive. The higher your stake weight compared to others, the larger your reward share.
Strengthen the Network’s Security
Staking your WCT tokens plays a key role in reinforcing the network’s resilience. Every staked token increases the overall decentralisation and reduces the risk of concentrated control. A highly distributed network like Wallet Connect becomes more stable, secure, and less vulnerable to malicious attacks.
Influence Key Governance Decisions
Staking also gives you the power to vote on important decisions within the WalletConnect ecosystem. Your stake weight directly translates into voting power, which means the more you stake, the louder your voice. This ensures that only committed and long-term participants help shape future updates and protocol changes.
Participate in Performance-Based Rewards
In addition to standard weekly rewards, WalletConnect sometimes offers extra incentives for high-performing or highly committed participants. These performance rewards may include bonuses or access to special programmes designed to support growth and healthy engagement within the network. They act as an added layer of motivation for long-term stakers.
Encourage Long-Term Commitment and Flexibility
By staking WCT for periods of up to 105 weeks, you naturally become more involved in the network’s long-term progress. You’re not just chasing short-term gains—you’re becoming part of a supportive community.
Over time, your stake weight gradually decays, but you can maintain or increase it by adding more tokens or extending your lock period. This flexible structure ensures ongoing participation and allows serious holders to stay competitive.