In the dynamic universe of cryptocurrencies, where innovation is constant and user experience becomes increasingly crucial, WalletConnect Token (WCT) emerges as a key player in the evolution of Web3 connectivity. This token not only represents a digital asset but also symbolizes the move towards a more seamless, secure, and participatory decentralized infrastructure. Below, we explore in depth what WCT is, how it works, its tokenomics, use cases, and its impact on the current crypto ecosystem.

What is WalletConnect and why does it matter?

WalletConnect is an open-source protocol that enables secure connections between cryptocurrency wallets and decentralized applications (dApps). Since its creation in 2018 by Pedro Gomes, it has evolved into an interoperability standard in the Web3 space. Its architecture allows users to interact with dApps without exposing their private keys, using QR codes or deep links to establish encrypted sessions between mobile devices and browsers.

Currently, WalletConnect powers over 240 million connections and is compatible with more than 600 wallets and 57,000 dApps. This massive adoption has made the protocol critical infrastructure for user experience in Web3, especially in sectors such as DeFi, NFTs, and blockchain gaming.

The role of the WCT token in the ecosystem


WCT is the native utility token of the WalletConnect ecosystem. Officially launched in April 2025, WCT serves multiple essential functions:

  • Decentralized governance: WCT holders can vote on proposals that affect protocol development, such as technical updates, fee adjustments, and resource allocation.

  • Staking and rewards: Users can lock their tokens to participate in staking, earning rewards proportional to the time of commitment. Additionally, node operators and service providers receive incentives in WCT based on performance metrics such as uptime and connection quality.

  • Fee payment: Although not fully implemented yet, WCT is expected to be used to cover relay fees and other services within the WalletConnect network.

The token was developed as an ERC-20 on the Optimism network, leveraging the security of Ethereum and the efficiency of this layer 2 solution. This technical choice enables faster and cheaper transactions, which is key for the scalability of the protocol.

Tokenomics and distribution

WCT has a maximum supply of 1 billion tokens. At the time of its launch, 265 million tokens were distributed through an IEO on CoinList, raising over $46 million. Currently, the circulating supply is approximately 186 million tokens, representing 18.6% of the total.

The current price hovers around $0.30 USD, with a market capitalization close to $55 million and a daily trading volume exceeding $60 million. It is listed on exchanges such as Binance, OKX, MEXC, Bitget, and SLEX, ensuring liquidity and global accessibility.

Additionally, the token was included in the Binance Launchpool, where users could farm WCT by locking BNB, FDUSD, and USDC. This strategy incentivized early adoption and distributed an additional 40 million tokens.

Security, interoperability, and user experience

One of the pillars of WalletConnect is its focus on security. Connections between wallets and dApps are end-to-end encrypted, and each session requires manual approval from the user's wallet. Private keys are never transmitted, significantly reducing the risk of phishing attacks or identity theft.

In terms of interoperability, WalletConnect is compatible with multiple blockchains, including Ethereum, Solana, Cosmos, Polkadot, and Bitcoin. This multichain capability allows users to interact with a wide range of applications without needing to switch wallets or networks.

Moreover, WalletConnect has developed SDKs to facilitate integration by developers and has launched initiatives such as WalletGuide, a certification for wallets that meet quality and security standards.

Challenges and future perspectives

Although WalletConnect and WCT have made significant progress, they still face challenges. One of the main issues is the transparency of the token unlock schedule, a key aspect for generating long-term trust. There is also a need to strengthen community governance and ensure that strategic decisions reflect the interests of users and developers.

In terms of adoption, the growth of the ecosystem will depend on continuous integration with new dApps, partnerships with DeFi platforms, and expansion into sectors such as digital identity and Web3 payments. The possibility of implementing inflation mechanisms in the future, if approved by the community, could also influence the sustainability of the economic model.

Why could WCT make a difference in Web3?

WCT is not just another ERC-20 token. It represents a strategic bet for a more connected, secure, and user-centered Web3. Its utility goes beyond speculative trading: it allows users to actively participate in the evolution of an infrastructure that is already essential for millions of people.

In an environment where interoperability is becoming increasingly valuable, WalletConnect and its token WCT position themselves as catalysts for a smoother and more decentralized Web3 experience. For those seeking projects with solid fundamentals, real adoption, and a long-term vision, WCT deserves a prominent place on the radar.