Today, let's talk about what WCT is, definitely a 'practical application' worth paying attention to in Web3.
$WCT is the native token of @WalletConnect . You may have seen the blue label of #WalletConnect while earning rewards, using DeFi, or trading NFTs. It acts like a 'transfer station' in Web3, helping to seamlessly connect your wallet (like MetaMask, Trust Wallet) with DApps (like Uniswap, OpenSea). You can authorize transactions and perform cross-chain operations just by scanning a QR code, and your private keys remain securely stored locally, making it super convenient.
Since its start in 2018, WalletConnect has been around for 7 years, with a total of 274 million connections, serving 45 million independent wallets and linking 61,500 applications, definitely a veteran player. It supports over 50 chains, such as Ethereum, Solana, and Cosmos, with 90% of mainstream wallets connected. In 2024, the number of connections is expected to soar to 179 million, with 3.9 million monthly active wallets, showing a strong growth momentum. Simply put, it is the 'pipeline' of Web3, fully practical!