$WCT

WCT is the WalletConnect token, which has attracted attention since its launch in 2025. As the token of the interoperability protocol WalletConnect, which is widely adopted in the cryptocurrency field, it has connected over 275 million times and covers more than 600 wallets and over 61,000 applications.

From a technical architecture perspective, WCT is based on the Optimism OP mainnet, achieving cross-chain communication through encrypted transmission via relay servers, and it builds a token economic system with a 'connect-as-a-service' model, charging based on monthly active users. However, its annual revenue is currently only $2 million, and its market-to-sales ratio is relatively high.

In terms of token economic design, the total supply of 1 billion tokens has ecological construction considerations, but it also brings issues such as circulation difficulties and delayed utility. The initial circulating supply pressure and delayed functional activation present challenges in value capture.

From a market performance perspective, it performed poorly on its first day of launch. Although the staking APY is high, there are contradictions such as staking traps, governance power absence, and airdrop backlash. However, in the long run, if the fee income model is implemented, staking yields are optimized, and the ecosystem continues to expand, WCT is expected to break through difficulties and achieve value growth.