WCT (WalletConnect Token) is the native governance and utility token of the WalletConnect Network, a decentralized, chain-agnostic infrastructure that enables secure connections between wallets and dApps. Launched with a capped 1 billion supply, WCT supports four primary functions: governance, staking, rewards, and future fee payments .
Initially non-transferable to avoid speculation and maintain network stability, WCT tokens became fully transferable on April 15, 2025, following community governance votes . Governance allows holders to vote on network upgrades, fee structures, and protocol changes. Staking requires a minimum of 100,000 WCT locked for at least 52 weeks, with longer commitments yielding higher reward multipliers—node operators and service providers earn based on performance .
Token distribution was structured to reinforce ecosystem growth: 27% to the WalletConnect Foundation, 18.5% each to team members and airdrops, 17.5% to rewards, 11.5% to early backers, and 7% to core development . No token inflation is planned in the first 3–4 years, with community governance retaining the power to introduce changes later .
Since enabling full transferability, WCT has been listed on major exchanges like Binance, Gate.io, Bybit, and MEXC, attracting institutional market-makers and seeing notable price momentum—doubling shortly after listing .
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WCT powers WalletConnect’s evolution into a community-driven, decentralized user‑experience protocol, aligning incentives across builders, validators, developers, and users.