Overview of WalletConnect (WCT)
+ WalletConnect is a widely used open-source protocol that connects crypto wallets (like MetaMask, Coinbase Wallet, Trust Wallet) to decentralized applications (dApps) via encrypted QR codes and deep links. It supports cross-chain compatibility with networks such as Ethereum, Solana, Polkadot, Cosmos, and Bitcoin.
+ The WCT token, launched in 2024 on Optimism, enables participation in governance, staking, rewards, and future fee models. Users can stake WCT to earn rewards and vote on protocol upgrades, while node operators and developers are incentivized through performance-based rewards. A future fee model may be introduced, with payments made in WCT.
+ Tokenomics
Total Supply: 1 billion WCT
Key Allocations:
27% Foundation/Ecosystem
18.5% Airdrops
18.5% Team
17.5% Development/Rewards
11.5% Early Backers
WCT was initially non-transferable but became fully transferable in April 2025.
+ Adoption
WalletConnect has processed over 240 million connections, supports 38 million unique wallets, and is integrated with over 57,000 dApps and wallets. The project is backed by top investors like Union Square Ventures, and Shopify.
WalletConnect and WCT are key to scaling secure and seamless Web3 interactions, combining interoperability, governance, and token-driven incentives to power the next phase of dApp adoption.
$WCT #WalletConnect @WalletConnect