WalletConnect Enters a New Era Community Ownership Begins

$WCT   | #WalletConnect | @WalletConnect

For years, the Web3 community has advocated for decentralization, ownership, and inclusivity. Few protocols have delivered on those promises at scale but WalletConnect stands out. And now, it’s making its biggest leap forward yet: transitioning into a fully decentralized, community-governed network with the introduction of the token.

If you’ve ever used a Web3 app whether to trade DeFi, mint NFTs, or connect a wallet like MetaMask or Trust Wallet  you’ve probably used WalletConnect. That small blue icon has quietly become the backbone of wallet-to-dApp connectivity, enabling safe and smooth interactions across blockchain networks.

Since 2018, WalletConnect has been the silent force powering more than 300 million secure connections for over 45 million users. Today, it supports 700+ wallets and over 61,000 applications facilitating upwards of 20 million wallet connections each month. March 2025 alone saw more than 18 million active sessions.

But now, WalletConnect is no longer just infrastructure it’s an open network. With the launch of $WCT, the protocol is decentralizing its core governance and services.

What Is $WCT and Why It Matters

The token plays a central role in shaping WalletConnect’s decentralized ecosystem. It’s more than just a token it’s the fuel for protocol operations and community decision-making.

Key utilities of WalletConnect include:

Transaction Fees: While fees aren’t live yet, the protocol allows for future monetization, determined by community vote.

Staking: Holders can stake WCT to help secure the network and earn rewards based on time and contribution.

Ecosystem Rewards: 17.5% of all WCT tokens are set aside to reward wallets, validators, and node operators based on network performance.