Impact on WCT Valuation and Multi-Chain Growth
Did you know? WalletConnect's previous airdrop of 50 million WCT in 2024 set a precedent for Solana's large-scale engagement, now reinforcing its position in multi-chain DeFi markets.
According to CoinMarketCap, WalletConnect Token (WCT) is currently valued at $0.59 with a market cap of approximately $109.58 million. The token has experienced varied price changes, with a 55.70% rise over 30 days, despite a 2.81% decline in the past 24 hours. The transition to Solana might impact trading volume and circulating supply dynamics.
The Coincu research team suggests that WalletConnect's Solana entry could incentivize further adoption of chain-agnostic DeFi protocols. It's likely to influence regulatory oversight on decentralized governance models, a growing trend in blockchain technologies.
