🚀 WalletConnect Unlocks WCT Token Transferability: Web3 Connection Layer Enters a New Phase of Decentralization!
Today, $WCT welcomes a significant advancement—token transferability is officially activated! This is not only a technological breakthrough but also a critical step for WalletConnect to transition from a centralized protocol to a community-driven ecosystem! As the infrastructure king covering 90% of on-chain interactions (with over 275 million connections, supporting 600+ wallets and over 61,000 applications), the open circulation of WCT will reshape the value distribution of the Web3 connection layer.
🔑 Core Progress Overview
Transferability Milestone Achieved
WCT was previously non-transferable due to design limitations and needed to meet five conditions to unlock: including certifying 16 wallets, staking pool reaching 100 million WCT, open-source code, etc. With the completion of code open-sourcing on April 7, 2025, the final standard is achieved, and the token economy is officially activated.
Cross-Chain Expansion to Solana
Through the Wormhole NTT framework, WCT has landed on the Solana chain, achieving seamless circulation across Ethereum, OP mainnet, and Solana, and airdropped 50,000 WCT (worth approximately $30,000) to incentivize ecosystem users. This move will accelerate WalletConnect's application integration on high-speed chains (such as Phantom$ etc.).
High Yield Staking with Challenges
Current staking APY is as high as 85%, but 50% of the rewards rely on inflation issuance, which may trigger a “mining withdrawal selling” cycle. If the community can promote a real yield mechanism (such as fee-sharing), the staking model may see optimization.
💰 Market Dynamics and Future Catalysts
Price Performance: WCT is currently reported at $0.3068 (down 5.12% in 24h), a significant pullback from the historical high of $1.09 at the end of May. The 30-day decline is nearly 39%, reflecting market concerns over high inflation staking and low circulation utility (only 18.62%) in the short term.
Value Turning Point: If the “Connection Fee Layering” proposal is implemented in Q3 (charging high-frequency applications based on MAU), annual revenue could reach $30 million, and valuation is expected to be reconstructed.
🌐 Why is WCT the “Visa symbol” of Web3?
WalletConnect has become a trust symbol for on-chain interactions, and its token economy will empower four major scenarios:
Governance: DAO voting to decide protocol upgrades and fee models
Fees: The core token for future payment relay services and subscription dApps
Staking: The incentive basis for maintaining network security
Rewards: Continuous airdrops to ecosystem contributors (total supply 18.5%)
📌 What are your thoughts on the WCT staking model and long-term value? Share your insights! 👇