WalletConnect Token (WCT) is the native asset of the WalletConnect ecosystem, a key infrastructure in the Web3 world that enables secure connections between wallets and decentralized applications (dApps). Since its founding in 2018, WalletConnect has evolved to become an interoperability standard, supporting over 600 wallets and 40,000 dApps. The WCT token was officially launched in April 2025 and serves essential functions such as governance, payment of relay fees, and rewards for participation in the network.

$WCT is built on multiple blockchain networks, including Ethereum, Optimism, Arbitrum, and Solana, providing great flexibility and scalability. Its security model is based on end-to-end encryption, and its architecture includes service nodes, gateways, and relays that ensure a smooth and secure experience for users. Additionally, WalletConnect has been audited by Trail of Bits, reinforcing its credibility as critical infrastructure in the DeFi ecosystem.

In terms of tokenomics, WCT has a maximum supply of one billion tokens, with a current circulating supply of approximately 186 million. Its price hovers around $0.30 USD, with a market capitalization close to $55 million. The token was distributed through several rounds, including an IEO on CoinList and listings on exchanges such as Binance, OKX, MEXC, and Bitget. Airdrops have also been conducted to incentivize community adoption and participation.

WCT stands out for its focus on progressive decentralization. Through its DAO, token holders can vote on key proposals, including adjustments to fees and protocol improvements. Although it still faces challenges such as transparency in its unlocking schedule, WalletConnect and its WCT token are positioned as fundamental pillars in the evolution of the user experience in Web3.