#TradersLeague Here’s the curren
🔍 Token Overview
WalletConnect Token (WCT) is the native utility and governance token of the WalletConnect Network, an infrastructure protocol that facilitates secure connections between wallets and dApps across multiple blockchains
Blockchain Info: It’s an ERC-20 token deployed on Optimism with a max supply of 1 billion and circulating supply around 186 million .
Roles in Ecosystem:
Governance: WCT holders vote on protocol changes.
Staking: Enables users (especially node operators) to earn rewards and maintain network performance.
📈 Recent Prices & Performance
Currently trading at ~$0.34, reflecting a slight intraday rise .
In India, WCT hovers between ₹36–₹42 (~$0.45–$0.52), with a 7‑day range from ₹98.6 to ₹39.6 .
The all‑time high is around ₹115 ($0.32) in mid‑April .
🚀 Launch & Adoption
ICO & Launch: Conducted in early 2025, raising over $8 million at TGE on April 15, 2025. Token was fully unlocked on launch day .
Integration & Ecosystem Support:
Supported by over 600 wallets and 40,000+ dApps, making it horizontally integrated across web3 platforms .
Adoption Drivers: Token's core strength stems from its foundation—the robust, chain‑agnostic WalletConnect protocol with broad utility .
⚖️ Pros & Cons
Pros:
Deep integration in Web3 (wallets + dApps), strong use cases in governance and staking.
Early momentum supported by wide ecosystem and exchange listings.
Cons:
Relatively new and volatile—price has swung over 4× in recent months.
Dependence on WalletConnect network health and adoption.
Competitive space: competing connection protocols may emerge.
🧭 Outlook & Strategy
On‑chain growth: As more nodes join and dApp integrations deepen, staking demand may rise, benefiting token value.
Governance traction: Active community governance could enhance long‑term protocol development.
Watch Factors: Network usage metrics (transactions, node count), new partnership announcements, and broader market trends in Web3 infrastructure.
