WalletConnect Token (WCT): Bridging Wallets and Web3

In the fast-evolving world of decentralized finance and Web3, seamless, secure interactions between users and dApps (decentralized applications) are essential. WalletConnect, a widely-used open-source protocol, has taken a pivotal step forward by launching its native token: WalletConnect Token (WCT). Listed on Binance in April 2025, WCT has quickly garnered attention from investors, developers, and crypto enthusiasts alike.

What Is WalletConnect?

WalletConnect is a communication protocol that connects wallets and decentralized applications via QR codes or deep linking. It eliminates the need to expose private keys or credentials, offering a safer, more user-friendly way to interact with blockchain services.

With over 500 wallets and dApps integrated, WalletConnect has become a cornerstone of the Web3 user experience, enabling secure multi-device and cross-platform connectivity.

Introducing the WalletConnect Token (WCT)

WCT is an ERC-20 token deployed on the Optimism network, serving both utility and governance purposes within the WalletConnect ecosystem. The token allows users to participate in protocol governance, stake to support node infrastructure, and eventually pay protocol fees.

Tokenomics:

Total Supply: 1 billion WCT

Circulating Supply (as of June 2025): ~186.2 million WCT

Allocation:

Ecosystem and Foundation: 27%

Airdrops: 18.5%

Team: 18.5%

Staking & Node Rewards: 17.5%

Investors: 11.5%

Core Development: 7%

Binance Launch & Market Reaction

WCT debuted on Binance via a Launchpool event from April 11–14, 2025. Users staked BNB, USDC, and FDUSD to farm WCT before its official listing on April 15. The token launched with trading pairs WCT/USDT, WCT/BNB, and WCT/USDC, experiencing a significant price surge—rising over 340% in its early days.

While the price has since corrected, settling near $0.31 (as of late June 2025), WCT remains an actively traded asset with daily volumes exceeding $30 million.

Use Cases and Future Outlook

Governance: Token holders can vote on protocol updates, fee structures, and ecosystem grants.

Staking: WCT can be staked to earn rewards and support network node operations.

Utility: Future plans include using WCT to pay for session fees and other protocol-level services.

WalletConnect Token positions itself as more than just another cryptocurrency. It is a key element in the evolution of wallet infrastructure, enabling smoother, safer Web3 experiences across chains and devices.

As adoption continues to grow, and the WalletConnect protocol cements itself as a foundational layer of Web3, WCT could play a vital role in shaping the decentralized internet's future.

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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrency.

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