Wallet Connect Token (WCT) is the native token associated with WalletConnect, a tool that allows users to securely connect their cryptocurrency wallets with decentralized applications (dApps).
The WCT token is designed to support the operation of the protocol, especially in governance and sustainability of the ecosystem.
🧱 Layer and Blockchain
Layer 2 – Operates as an ERC-20 token on the Ethereum blockchain
🔑 Main Features
Connection between wallets and dApps: WalletConnect allows a wallet (such as MetaMask, Trust Wallet, etc.) to easily connect with any decentralized application.
Focus on user experience: the system works by scanning a QR code or confirming a connection, without the need to enter private keys.
Recently launched token: WALLET is a very new token, launched in 2024, and is still in the process of adoption.
Protocol governance: over time, the WALLET token is expected to be used to vote on key decisions for the development of the ecosystem.
🪙 Utilities of the WCT token
Governance participation: users will be able to vote on future improvements and changes to the WalletConnect protocol.
Community incentives: the token will be aimed at rewarding developers and active users within the ecosystem.
Network sustainability: it will serve as a means of funding to maintain and improve the protocol.
Future integrations: it is expected to be used in additional functions such as access to premium services or node validation.
📄 Whitepaper
“WalletConnect Token Whitepaper”
⚠️ Issues and controversies
Controversial airdrop (2024): there were criticisms because many users who regularly used WalletConnect were not included in the free token distribution (airdrop).
High initial speculation: after its launch, the price of WALLET was very volatile, driven by revaluation expectations rather than actual use.
Lack of immediate utility: being a new token, it is still unclear how it will be used exactly within the protocol beyond governance.
📈 Price evolution of WALLET at the end of December
December 2024: $0.25
July 2025 (current): $0.29
" WCT is the governance token of one of the most used tools in the crypto world to connect wallets with applications.
Although it is recent and still lacks key technical functions, its potential depends on the continuous development of the WalletConnect protocol and its adoption by the community "
