The ecological vitality of WalletConnect largely depends on the mechanism design of the WCT token, forming a synergistic development pattern of 'protocol support + token empowerment'.
The decentralized governance function of the WCT token gives the community real decision-making power. Token holders can vote on core issues such as the direction of protocol upgrades and the priority of new chain adaptations. In a previous vote regarding 'whether to add support for Layer 2 networks', the community's opinion directly propelled the development team to include popular Layer 2 networks like Arbitrum in the adaptation list, making the protocol iteration more aligned with the actual needs of users. This 'user-led' governance model breaks the closed development logic of traditional technical protocols.
The staking mechanism provides assurance for network stability. Users who stake WCT can become relay network nodes, providing computational support for the connection between wallets and DApps, while also earning a share of connection fees. With the growth of over 300 million connection demands within the ecosystem, the number of staking nodes has steadily increased, enhancing the network's fault tolerance and transforming community members from 'users' to 'co-builders', sharing ecological dividends through resource contributions.
Today, WCT has been deployed on multiple chains such as Optimism and Solana, and will further expand into more application scenarios in the future, such as serving as a gas payment medium for cross-chain connections, further smoothing out the bottlenecks in the circulation of value across chains, and forming a positive cycle of deep binding between the token and protocol ecosystem.$WCT @WalletConnect #WalletConnect