WalletConnect is an open-source cross-chain protocol designed to securely connect cryptocurrency wallets to decentralized applications (DApps) across multiple blockchains, such as Ethereum, Solana, Cosmos, and others. Launched in 2018 by WalletConnect Inc, it acts as a communication layer, allowing seamless and encrypted interactions between wallets and DApps without relying on centralized servers or browser extensions. The protocol is chain-agnostic, supports over 600 wallets (e.g., MetaMask, Binance wallet, Trust Wallet, Coin98 Wallet, Rainbow, Argent..), and over 57,000 DApps, with more than 240 million connections for 38 million unique active wallets as of April 2025.
The WalletConnect network is described as a "UX ecosystem on-chain", providing secure, permissionless, and decentralized connectivity for Web3 applications. It uses Service Nodes to relay encrypted messages, ensuring privacy and security. The native token, $WCT (WalletConnect Token), plays a central role in governance, staking, rewards, and potential future fee structures, adjusting incentives for users, developers, and node operators.
WCT launched on the Optimism OP Mainnet, leveraging Ethereum's security and Optimism's speed for fast, low-cost transactions.
Total supply: 1 billion tokens $WCT .
WCT holders can vote on protocol upgrades, fee structures, and other network proposals, enabling community-driven development.
Staking: Users and node operators can stake WCT to secure the network and earn rewards. Staking durations range from 1 week to 2 years, with increasing rewards based on lock time and staking rate.
$WCT is highly volatile, with a price increase of 48.9% in the last 7 days.
