Understanding WalletConnect Token (WCT): The Backbone of the Onchain UX Ecosystem
WalletConnect Token (WCT) is the native token of the WalletConnect Network, an onchain user experience (UX) ecosystem that connects over 45 million users with decentralized applications (dApps) across various blockchains. Launched on the Optimism OP Mainnet, WCT leverages Ethereum's security and the speed of the OP Mainnet to enable secure and efficient connectivity. With a total supply of 1 billion tokens, WCT is designed to encourage community participation through shared incentives.
WCT has four main functions: network fees, incentives, staking, and governance. Although the network currently does not impose fees, the community can decide on the fee structure in the future, such as a Monthly Active User (MAU) model. A total of 17.5% of the tokens are allocated to incentivize contributors, such as wallet providers and node operators, based on performance. Users can also stake WCT to support network stability and earn rewards, with lock-up periods ranging from 1 week to 2 years. Additionally, WCT holders have voting rights in decentralized governance, allowing them to shape the future of the network.
Since its launch in 2024, WCT has recorded over 275 million onchain connections and is listed on major exchanges such as Binance and KuCoin. Token transferability was enabled in April 2025, enhancing liquidity and adoption. With support from renowned node operators like Consensys and Ledger, as well as an 18.5% airdrop for the community, WCT has become key to realizing WalletConnect's vision: an open, secure, and decentralized onchain UX ecosystem.
*Note: WCT prices are highly volatile; conduct research before investing.
