š WalletConnect Token: Fueling the Future of Web3 Connectivity
Launched in September 2024 on Optimismās OP Mainnet, WalletConnect Token (WCT) powers a decentralized protocol that connects 47.5 million users from 600 wallets (like MetaMask and Phantom) to over 67,000 dApps. It plays a critical role in enhancing the Web3 user experience through secure, chain-agnostic connections.
WCT enables encrypted wallet-to-app communication using QR codes and deep links, ensuring privacy across networks like Ethereum, Solana, and Binance Smart Chain. Recent integrations with Jupiter and OKX further expand its cross-chain reach.
At its core, WCT supports community governance, where token holders vote on key protocol updates and decisions. Staking is also live, rewarding users and node operators for helping secure the network based on uptime and performance.
From its 1 billion token supply, 17.5% is dedicated to community incentives. In Season 1, 50 million tokens were airdropped to users, contributors, and partners. Future models may involve apps paying in WCT for relay servicesāsupporting both utility and sustainability.
Now listed on Binance, Kraken, and OKX, with a market cap of $57.9 million, WCT became transferable in April 2025, increasing liquidity. Despite market swings, it remains a cornerstone of decentralized innovation.
As @WalletConnect expands its ecosystem, #WalletConnect and $WCT continue to redefine how users and developers experience Web3.