WCT is the native token of the WalletConnect protocol, which allows for the connection of cryptocurrency wallets and decentralized applications (dApps).
Here are the latest news and updates about WCT today (June 28, 2025):
Key Points:
Price and Performance:
* WCT is trading at around $0.30-$0.31 today, with fluctuations over the past 24 hours.
* The token has fallen between 5% and 12% over the past seven days, and even more so over the past month.
* WCT's market cap is around $57-$59 million.
* Trading volume over the past 24 hours is around $50-$60 million, indicating strong trading activity.
Recent News and Developments:
Expansion to Solana:
WalletConnect announced its expansion to the Solana network through Wormhole's Native Token Transfers, enabling native cross-operation across Solana, Ethereum, and Optimism. This expansion strengthens the role of WCT within the broader ecosystem.
Airdrops: There have been several announcements of WCT airdrops, including the release of 5 million tokens on Solana to active Solana users via partners such as Phantom, Jupiter, Backpack, and Solflare. There have also been previous announcements about the eligibility criteria for airdropping WCT from Jupiter.
Governance and Tool Development:
WalletConnect announced new governance tools and incentives to promote decentralization and community participation in network development.
Protocol Overview:
*WalletConnect is a core protocol in Web3, connecting over 45 million users across 300 million connections.
* The WCT token aims to support a more composable and connected on-chain experience, with a focus on accessibility.
* The token is used to pay network service fees, incentivize users and node operators, and enable participation in governance through staking and proposal voting.
Overall, the news indicates that WalletConnect is focused on expanding its ecosystem, increasing WCT token usage, and fostering community engagement through initiatives such as airdrops and distribution campaigns.