WalletConnect Token (WCT) is the native utility and governance token of the WalletConnect network, a decentralized protocol that facilitates secure connections between cryptocurrency wallets and decentralized applications (dApps) across multiple blockchains. Launched in September 2024, WCT plays a fundamental role in reinforcing the decentralization of the network, incentivizing participation, and ensuring its long-term sustainability.
It allows us to:
1. Connectivity between applications: Provides millions of secure on-chain application connections through over 600 wallets.
2. Adoption and reach: Over 23 million users with rapidly expanding support in DeFi, NFTs, and multichain protocols.
3. Token utility: Used for governance, incentives, and contributing to the growth of the network.
4. Ecosystem growth: Strong momentum thanks to integration with prominent wallets and top-tier DeFi projects.