is the native token of the WalletConnect Network, a protocol powering seamless, encrypted connections between wallets and dApps across over 300 blockchains .
It’s a multi-functional token used for:
Staking to support network security and earn rewards
Governance, enabling holders to vote on key proposals, fees, and developments
Rewards, distributed to node operators, wallet integrations, and community users
Future fee payments for advanced network features, subject to community votes
Since April 15, 2025, WCT has been fully transferable—users can freely trade and move tokens after community milestones were met .
📊 Tokenomics at a Glance
Metric Value
Max Supply 1 billion $WCT
Circulating Supply ~186.2 million (≈18.6%)
Market Cap Around $60 million at current price
Allocation Breakdown Foundation (27%), Airdrops (18.5%), Team (18.5%), Rewards (17.5%), Backers (11.5%), Core Dev (7%)
💰 Staking & Rewards
On‑chain staking launched late 2024. You earn weekly rewards based on how long and how much you stake .
Rewards pool covers 17.5% of total supply; 5% in Year 1, rest later .
Third-party platforms may offer additional APR, but check risks carefully .
📈 Price & Market Dynamics
Current price is around $0.32, with fluctuations based on trading volume and market sentiment .
All-time high was ~$1.35 in May 2025, now roughly 75% below that peak .
Trading volume is healthy (~$25–$30M in 24 h), showing strong liquidity and investor interest .
🎯 Why Invest in WCT?
1. Foundational utility – Backed by WalletConnect’s protocol used by 15M+ active wallets for secure wallet-dApp connections .
2. Multi-use tokenomics – With staking, governance, and future fees, WCT has real utility, not just speculation .
3. Early stage upside – Still less than 20% of tokens are circulating; upcoming unlocks could drive both opportunity and risk .
4. Momentum catalysts – Staking adoption, network growth, or potential fee rollouts could all boost demand .
⚠️ Risks to Watch
Token unlocks by team/backers could temporarily pressure the market .
Volatility – Price swings can be sharp (e.g., near ±25% moves).
Utility adoption – WCT’s value hinges on broader adoption for fees or governance; without it, price may stagnate .