The WalletConnect Token (WCT) is the native utility token of the WalletConnect Network, a decentralized protocol that facilitates secure connections between cryptocurrency wallets and decentralized applications (dApps) across multiple blockchains, including Ethereum, Solana, Polkadot, Cosmos, and Bitcoin.
Launched in 2018 by Pedro Gomes, WalletConnect has grown to support over 150 million connections for 24 million users across 600 wallets and 40,000 dApps, making it a key infrastructure for Web3 interoperability. WCT was introduced on Optimism’s OP Mainnet, leveraging Ethereum’s security and Optimism’s scalability.Key Features and Functions of WCTGovernance: WCT holders can vote on network proposals, such as protocol upgrades, fee structures, and staking terms, enabling community-driven decentralized governance.Staking: Users and node operators can stake WCT to secure the network and earn rewards. Staking durations range from one week to two years, with rewards based on stake weight and lock-up period.Rewards:
WCT incentivizes participation by rewarding node operators, wallet providers, and SDKs based on performance metrics like uptime and latency. 17.5% of the token supply is allocated for rewards, with 5% distributed in the first year.Fees: While the network initially operates without fees, future proposals may introduce a Monthly Active User (MAU) fee model for relay services, payable in WCT.Airdrops: 18.5% of the token supply (185 million WCT) is allocated for airdrops to active users, wallets, and contributors. The first season distributed 50 million tokens, with eligibility requiring active WalletConnect use, an Ethereum address, and GitHub integration.
TokenomicsTotal Supply: 1 billion WCT tokens (fixed, with no initial inflation).Circulating Supply: Approximately 186.2 million WCT as of July 2025.Allocations:27% to the WalletConnect Foundation18.5% for airdrops17.5% for rewards7% for core developmentRemaining for team, early backers, and other initiatives.Transferability: WCT was non-transferable at launch to stabilize the ecosystem but became fully transferable on April 15, 2025.
Market Data (as of July 2025)Price: ~$0.31–$0.38 USD, with a 24-hour trading volume of ~$15–$53 million.Market Cap: ~$57–$60 million, with a fully diluted valuation of ~$306–$320 million.All-Time High: $1.35 (May 31, 2025).Exchanges: Available on Binance, Bitget, MEXC, OKX, and LBank, with WCT/USDT as the most active trading pair.
How WalletConnect Works WalletConnect uses end-to-end encryption and QR codes or deep links to securely connect wallets to dApps without exposing private keys. Service and gateway nodes facilitate encrypted communication, ensuring privacy and security. The protocol is chain-agnostic, supporting seamless cross-chain interactions.How to Acquire WCTExchanges: Purchase WCT on centralized exchanges like Binance, Bitget, or MEXC.Binance Launchpool: Stake BNB to earn WCT rewards.Airdrops: Register for airdrops via the official WalletConnect airdrop portal (e.g., Season 1 registration closed October 18, 2024).Security and DecentralizationWalletConnect prioritizes security with end-to-end encryption and does not store private keys, reducing risks of hacks. The network is transitioning to a fully decentralized, permissionless model, with governance shifting to WCT holders via a DAO and councils (e.g., Technical and Partnerships Councils).Critical
NotesVolatility: WCT is highly volatile, and its price has fluctuated significantly (e.g., -77% from its all-time high).Non-Financial Advice: Always research the project’s whitepaper, team, and market conditions before investing, as cryptocurrencies carry high risk.Limited Transparency: Some concerns exist about the lack of a full token release schedule.Airdrop Caveats: Tokens were initially non-transferable to prioritize ecosystem stability, which may have limited early speculation.For further details, visit the official WalletConnect page on Binance square @WalletConnect $WCT