$WCT #walletconnect @WalletConnect

🛠️ What is WalletConnect (WCT)?

WalletConnect is an open‑source, cross‑chain protocol (est. 2018) that allows you to securely connect crypto wallets to decentralized applications (dApps) using QR codes or deep links—without revealing your private keys .

It supports over 300 blockchains, 600+ wallets, and connects to around 40,000 dApps, with 150 million+ connections made so far .

---

🎯 What’s WCT for?

The WalletConnect Token (WCT) powers the network’s decentralization, governance, and incentives:

1. Staking & Rewards

Node operators stake WCT to earn rewards for uptime and performance.

Wallets can earn incentives for frequent usage and connectivity .

2. Governance

Token holders vote on key decisions—such as introducing fees or setting protocol parameters .

3. Future Fee Mechanism

While currently free, applications may pay usage fees in WCT down the line, as determined by governance .

---

📊 Tokenomics & Supply

Max supply: 1 billion WCT

Circulating supply: ~186 million (≈18.6%)

Allocation :

Foundation & Dev: ~27%

Airdrops: ~18.5%

Team: ~18.5%

Rewards: ~17.5%

Backers, protocol development, and others fill out the rest.

Unlock schedule:

Release began April 2025; subsequent monthly unlocks (~2.5 M WCT) continue through Nov 2025 and beyond .

---

📈 Price & Market Data

Current price: ~$0.31 (falling ~5–6% over the past day/week) .

Market cap: ~$58 million

24 h volume: ~$39–41 million

All-time high: ~$1.34–1.35 (May 31, 2025)

Performance: Down ~77% from ATH, down ~14% week‑to‑date .

---

🧩 Use Cases

Wallets: Earn incentives via performance-based usage.

Node operators: Stake and earn for network reliability.

Token holders: Govern the protocol, shaping its future direction.

dApp developers: Primarily free access now; future fee models may apply after burning