@WalletConnect $WCT WCT is the native utility and governance token of the WalletConnect Network, a decentralized, chain-agnostic protocol that bridges wallets and dApps via secure, end-to-end encrypted connections. It leverages a high-performance relay infrastructure called rendezvous-hashing for globally distributed message exchange.  

Key Functions of WCT

• Governance: Holders vote on network parameters, fee models, and governance proposals.  

• Staking & Node Operations: Operators stake WCT (typically a minimum of 100,000 WCT locked for at least 52 weeks) to run service or gateway nodes and earn performance-based rewards. Poor performance can lead to slashing. 

• Rewards Distribution: Used to WalletConnect Foundation: ~27%

• Airdrop recipients (users, node operators, wallets, apps): ~18.5%

• Team: ~18.5% (locking for 1 year with four-year linear vesting)

• Node/User Rewards: ~17.5% (for staking and performance)

• Early Supporters: ~11.5% (locked 1 year, vesting 4 years)

• Development Fund: ~7% 

Token

WalletConnect Token (WCT) for WalletConnect Network

Core Uses

Governance, staking, node rewards, potential network fees

Supply

1B max, ~186M circulating

Current Price

~$0.31 USD

Market Cap / FDV

~$68M / ~$364M

All-Time High

~$1.37 (May 2025) – current price down ~73%

Emission Model

No inflation for initial years

Price Outlook

Forecasts range up to ~$1.25 by end of 2025

Recent Developments

Network growth, airdrops, exchange listings