The current price of WalletConnect Token (WCT) is around $0.3323 to $0.3543 USD, with a 24-hour trading volume of approximately $37,562,953 to $39,551,334 USD. The market capitalization is around $61,838,123 to $65.97 million USD.
Here are some key metrics for WCT¹ ² ³:
- *Current Price*: $0.3323 - $0.3543 USD
- *24-hour Change*: -0.32% to 0.9%
- *7-day Change*: -12.24% to -13.5%
- *Market Capitalization*: $61.8 million - $65.97 million USD
- *Circulating Supply*: 186,200,000 WCT
- *Maximum Supply*: 1,000,000,000 WCT
It's worth noting that there are different prices for WCT on various exchanges, such as Binance, where it's trading at $0.33 USD. Additionally, WCT can be found on other platforms under different contexts, like WCTrades or Wellchange Holdings Co Ltd, but these might not be directly related to the WalletConnect Token.⁴ ⁵ ⁶
WalletConnect is an open-source protocol that enables secure communication between decentralized applications (dApps) and mobile cryptocurrency wallets. Here's a breakdown of how it works and its benefits:
What is WalletConnect?
WalletConnect acts as a bridge between dApps and mobile wallets, allowing users to interact with dApps while maintaining control over their private keys. This enhances security and user experience.
Key Features
- *Secure Connection*: WalletConnect provides encrypted connections, ensuring that private keys remain within the user's wallet.
- *Seamless Authentication*: The protocol enables seamless authentication and secure transaction signing.
- *Multi-Chain Support*: WalletConnect supports multiple blockchain networks, making it versatile for various use cases.
How Does WalletConnect Work?
1. *QR Code Pairing*: A dApp generates a unique QR code containing a session request, which the user scans using their mobile wallet app.
2. *Encryption and Secure Communication*: WalletConnect establishes an encrypted connection between the dApp and the mobile wallet, ensuring secure communication.
3. *Secure Transaction Signing*: The user can sign transactions and interact with the dApp without exposing their private keys.¹ ²
Benefits
- *Enhanced Security*: WalletConnect reduces the risk of private key theft or unauthorized access to user funds.
- *Improved User Experience*: The protocol provides a seamless and secure way to connect wallets to dApps.
- *Trustless and Non-Custodial*: WalletConnect ensures that users retain control over their private keys and do not need to rely on third parties to manage their funds.