Many people mistakenly think WalletConnect is a wallet when they first hear about it. In fact, it is not at all—it is a 'universal charger' connecting Web3 applications and wallets! No matter whether you are using MetaMask, Trust Wallet, or other niche wallets, as long as the other party has adopted the WalletConnect protocol, you can connect securely.

1. What exactly does the WCT token do?

WCT is the native token of the WalletConnect ecosystem, primarily serving three major purposes:

Network fuel: dApp and wallet developers calling the WalletConnect API need to consume WCT as a usage fee;

Governance voting: Holding WCT allows you to vote on proposals for protocol upgrades, feature priorities, incentive plans, and more;

Node staking: Future protocols will introduce distributed relay nodes, and operators will need to stake WCT to participate and earn rewards.

This design ensures that WCT is not just a symbolic 'platform token', but a necessity for participating in and operating the WalletConnect network.

2. How large is its ecosystem?

WalletConnect was launched back in 2018 and now supports over 500+ wallets, connecting more than 400 chains and thousands of dApps. In other words, when many people use Web3 applications, WalletConnect is working in the background—it's just that you didn't notice.

3. Why is WCT's position unique?

Many infrastructure projects in the market are focused on 'faster chains' or 'cheaper gas', but WalletConnect does not compete in these areas; it focuses on 'unifying the user experience between chains'. This means it does not directly compete with most public chains but serves as a 'public connection layer' for everyone. The more projects that use it, the higher its value.

4. Real-world use cases

You log into a Web3 game directly by scanning a QR code with your mobile wallet, and behind this is WalletConnect transmitting signatures and sessions;

When you switch wallets and sign contracts on DeFi platforms seamlessly, it's because its API maintains the session state;

Cross-device interactions (such as mobile signatures, computer operations) without errors, which is also its achievement.

These features are not 'optional' tools, but rather the foundation of the entire Web3 user experience.

WCT is not a 'storytelling' token, but rather the operational core of WalletConnect, this Web3 connection layer. It can drive API services and participate in governance and secure operations. As the demand for multi-chain and cross-platform solutions grows, the value of WCT as a 'universal plug' will only be recognized by more people.