WalletConnect has emerged as a pivotal infrastructure in the Web3 landscape, facilitating seamless and secure connections between cryptocurrency wallets and decentralized applications (dApps). Since its inception in 2018, WalletConnect has supported over 600 wallets and 65,000+ dApps, completing over 300 million secure connections for nearly 50 million users worldwide.
The Role of $WCT in WalletConnect
The WCT token serves as the native utility and governance token of the WalletConnect Network. Its primary functions include:
Staking: Users can stake WCT to secure the network and earn rewards.
Governance: Holders participate in protocol upgrades and decision-making processes.
Rewards: Incentivizing node operators and developers for their contributions.
Fees: Future implementation of network service fees, subject to community governance.
With a total supply of 1 billion tokens, $WCT is designed to fuel WalletConnect's decentralized, multi-chain ecosystem. The token's transferability was enabled in April 2025, allowing for broader participation and liquidity.
Why WCT Matters for Web3
As Web3 continues to expand, interoperability remains a significant challenge. WalletConnect addresses this by offering a chain-agnostic protocol that supports multiple blockchains, including Ethereum, Solana, and BNB Chain. This approach ensures that users and developers can interact across various ecosystems without the need for separate integrations.
$WCT not only supports the technical infrastructure but also empowers the community to shape the future of Web3 connectivity. By participating in staking and governance, token holders play an active role in the evolution of the WalletConnect Network.
