#wct WalletConnect is a decentralized communication protocol that securely connects crypto wallets with dApps across chains like Ethereum, Solana, Base, Arbitrum, Polygon, Avalanche, Cosmos, and Bitcoin. It uses Service Nodes and Gateway Nodes to relay encrypted wallet-to-app messages, ensuring security without browser extensions or centralized servers .
The WalletConnect Token (WCT) — capped at 1 billion tokens — is used for:
Staking by Service Node operators
Rewarding node participation
Governance, including fee policies, protocol upgrades, and network parameters
Network utility, such as paying relay fees and funding governance initiatives
Price: Around $0.30–0.31 USD, with slight daily gains (approx +1–3 %)
24h Trading Volume: ~$18M–22 M USD
Circulating Supply: ~186 million WCT (~18.6 % of max supply)
Max/Total Supply: 1 billion WCT → FDV ≈ $305–306M USD
Market Cap: ~$56.5 M USD
All-Time High (ATH): ~$1.35 reached around May 30–31, 2025 (price now ~77 % below that level)
All-Time Low (ATL): ~$0.279 in mid-April 2025, making current price about 7–9 % above that low
WalletConnect was founded in 2018 by Pedro Gomes and powers over 150 million+ connections for 24 million users, with 300M+ monthly connections in 2024 .
The token launch is part of a transition to a decentralized governance model, involving node operator incentives and community voting .
Allocations include team, foundation, staking rewards, airdrops, and protocol development — all with multi-year vesting. About 18–19 % of supply is currently unlocked .
