What is #WalletConnect ? @WalletConnect $WCT

WalletConnect is the secure connection layer between wallets and dApps. It allows interaction without exposing private keys via QR codes/deep links and standardizes the on-chain UX with modules such as "Sign, Auth, Push/Chat."

Between 2024 and 2025, the network grew by 340%, reaching 179 million annual connections. By summer 2025, it had reached a scale of 300+ million cumulative connections, 50+ million unique wallets, and over 70,000 applications.

The project is promoting its vision for the "WalletConnect Network" in 2025: nodes that verify/scale traffic on the network, usage-based fees, and community governance.

What is WCT (WalletConnect Token)?

WCT is the network's native token; It has four core functions: staking (node security/reward), fees, incentives, and governance. The total supply is 1 billion, and the circulating supply is ~186–190 million. It launched in April 2025 with broad exchange listings, followed by transferability. In May 2025, Solana integration and 5 million #wct vesting for Solana users were announced.

$10 million in funding was raised through token sales in 2025 to grow the network and ecosystem.

Current market data (August 12, 2025)

Price: ≈ $0.31–0.33 (with minor fluctuations across several major data providers)

Market capitalization: ≈ $60M

Circulating supply: ≈ 186.2M WCT

24h volume: ≈ $30–45M

Sources: CoinMarketCap, CoinGecko, Gemini, Kraken, Crypto.com/TheBlock price pages.

Key factors influencing price

Positive catalysts

Network metric momentum: 300M+ cumulative connections & 50M+ wallets in summer 2025; 10M+ monthly connection speed → grounds for token demand/fee burn/ecosystem activity.

Multi-chain deployment: Native migration to Solana (Wormhole NTT) after Ethereum/OP and targeted distribution of 5M WCT create new user/demand channels.

Exchange coverage: Wide access to Binance/OKX/others supports liquidity.

Major risks

Offering schedule: Circulation share remains a minority; unlocks/incentive programs may create volatility. (Total 1B; circulation ~186–190M.)

Market beta: While WCT is an infrastructure token, it is sensitive to overall cryptocurrency direction.

Airdrop expectation: Distributions like the Solana vesting could generate short-term "news sell" fluctuations.

Technical outlook (short/medium term)

Note: The levels below are "scenario zones" based on August 12, 2025 data and the prevailing spot price range ($0.31–0.33); they are not live charts.

Immediate pivot zone: $0.30–0.33 — current consolidation band; closing below weakens momentum.

Supports: $0.30 (psychological/multiple data threshold), followed by $0.28 (sideways demand likely) and $0.25 (major psychological). (Derived from the price level around 0.31 on the providers.)

Resistances: $0.35 (close sideways supply), $0.40 (round level), above $0.45–0.50 (trend confirmation zone).

Momentum tips: Volume above $40M+ and a move above the daily close of $0.35 could trigger a test of $0.40–0.45; closing below $0.30 carries the risk of a rapid swing to $0.28.

Strategy framework (neutral)

Trend following: A daily/weekly close above $0.35 and increasing volume could trigger a gradual trend scenario; Stop zone below $0.31–0.32. (Stretch based on volatility.)

Support buys: Liquidity generation in the $0.28–0.30 range + short-term reaction range if on-chain/metric news flow matches.

Key focus: Solana integration schedule, network metrics (monthly connections, new dApp integrations), staking returns, and governance decisions.

Why is it important?

WalletConnect has become the "de facto standard" for wallet-app interaction. As the economic and governance backbone of this network, WCT funds node security, network fees, and developer/gatekeeper incentives. While the network's multi-chain growth and high metrics create structural demand for WCT, the supply schedule and market cycle are the main drivers of short-term volatility.

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