WalletConnect is an open-source protocol dedicated to connecting blockchain wallets with decentralized applications (dApps), promoting the development of the Web3 ecosystem. Its native token WCT operates on the Optimism network, with a total supply of 1 billion tokens, set to be released through CoinList in 2024, with a valuation of 200 million USD. WCT is used for network security (staking), governance, and transaction fees, supporting multi-chain interactions, connecting over 30 million users, 600 wallets, and 67,000 projects.
WalletConnect ensures the security of user assets through encrypted connections, providing a seamless on-chain experience. The recently launched WCT Phantom claiming campaign incentivizes active users and enhances community participation. Its decentralized governance and broad ecosystem support make it a key component of Web3 infrastructure, with significant potential for future development.
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