#walletconnect In June, WalletConnect consolidated its position as the essential bridge between decentralized applications (dApps) and cryptocurrency wallets, while emphasizing the expansion of its ecosystem and the utility of its new token, the WCT. This June summary provides an in-depth analysis of WalletConnect's news, its economic mechanisms (tokenomics), and its growing reach, all in simple and clear language.

June Summary: Growth and Expansion

June for WalletConnect was marked by significant communication about the growth of its network and the next steps in its development. At the beginning of June, the team shared impressive figures, reflecting the massive adoption of its technology.

The main news was the release of an ecosystem update, highlighting the progress made and the vision for the future. It was noted that the network has surpassed 300 million cumulative connections, demonstrating its central role in the web3 ecosystem.

Another major point at the start of the month was the announcement of the expansion to the Solana blockchain. This integration will allow millions of users of popular wallets like Phantom and Solflare to easily and securely connect to the world of decentralized applications on Solana via WalletConnect.

In-Depth Analysis and Tokenomics: The WCT Token at the Heart of the Strategy

Beyond being a simple connection tool, WalletConnect is transforming into a true decentralized network, with its own token, the WCT (WalletConnect Token), at the center of its strategy.

What is the WCT token?

Launched earlier this year, the WCT is the governance and utility token of the WalletConnect network. It was partially distributed via an 'airdrop' to loyal users of the protocol.

What is it for (Tokenomics)?

The economy of the WCT token is based on several pillars:

* Governance: WCT token holders can participate in decisions regarding the evolution of the protocol. They can vote on proposals aimed at improving the network, allocating funds from the community treasury, or modifying system parameters.

* Staking: Users can stake their WCT tokens to contribute to the security of the network. In return for their participation, they receive rewards in the form of new WCT tokens. In June, the annual percentage yield (APY) for staking could reach up to 22%.

* Network fees (coming soon): In the future, the WCT token will be used to pay transaction fees on the WalletConnect network. This feature will create ongoing demand for the token as network usage increases.

Token Distribution (Tokenomics in numbers):

* Maximum Supply: The total supply of WCT tokens is capped at 1 billion.

* Airdrop and Community: A significant portion of these tokens has been allocated to the community, notably through the initial airdrop and reward programs.

* Listing on exchange platforms: The WCT is now available on major exchange platforms like Binance, increasing its liquidity and accessibility.

Scope and Future: Towards Mass Adoption

WalletConnect is no longer just a simple gateway. Its vision is to become a fundamental layer of the online economy ('onchain economy').

The current reach of WalletConnect is immense:

* Interoperability: The protocol is compatible with the vast majority of blockchains (Ethereum, Polygon, BNB Chain, and now Solana, among others) and cryptocurrency wallets.

* Ease of use: For the end user, the experience is simple and intuitive. A quick scan of a QR code or a click is enough to connect their wallet to an application.

Future prospects are ambitious:

* Smart Sessions: WalletConnect is working on advanced features that will allow users to give secure permissions to applications to perform transactions on their behalf. This will pave the way for automation and even smoother user experiences.

* Increased Decentralization: The project aims to allow anyone to operate a node on the network, thus enhancing its decentralization and resilience.

* Introduction of Total Value Facilitated (TVF): To demonstrate the real value that flows through its network, WalletConnect plans to launch a measure of the total transaction volume.

In conclusion, June confirmed the upward trajectory of WalletConnect. By relying on a solid user base, proven technology, and a clear tokenization strategy with the WCT, WalletConnect is well-positioned to play an even more central role in democratizing access to web3.

👉🏽$WCT