š° What is WCT?
Native utility token of the WalletConnect Networkāa crossāchain ecosystem that securely connects crypto wallets to dApps across Ethereum, Optimism, Solana, Cosmos, Bitcoin, and more
nftevening.com
Functions include staking, governance, fees, and node/relay rewards .
š Tokenomics & Supply
Max supply: 1 billion WCT
Circulating supply: ~186 million (ā18ā19%)
Allocation: ~27% to Foundation; ~18.5% reserved for airdrops; remainder to team, early supporters, node incentives, etc.
š Transferability & Airdrops
Initially non-transferable to prevent early tradingāonly for staking/governance
Transferability enabled recently, after community milestones such as 16 node operators and 100āÆM WCT staked Airdrops started lateāÆ2024, rewarding users/buildersāwatch for more via official channels.
šµ Price & Market Metrics
Current Price: ~$0.35 USD (roughly ā¹30 INR) .
Market Cap: Around $64ā65āÆmillion, ranking between #439ā#601 on major trackers .
Trading Volume: ~$45ā50āÆmillion over the past 24āÆhours, signaling solid liquidity
Price Action: Price peaked at ~$1.34 on May 31, 2025, dipped to ~$0.28 on April 15 (launch day), and has since stabilized around $0.35
š Why It Matters
Infrastructure Backbone: WalletConnect is central to Web3 walletātoādApp connectivity, supporting 600āplus wallets and over 40āÆ000 dApps, with 150āÆmillion+ connections
walletconnect.network
Decentralization Push: WCT empowers community-driven governance and incentivizes node operators, boosting decentralization
š Outlook
On-Chain Utility: As adoption of WalletConnect grows, demand for staking, governance, and node rewards may rise.
Developer & Community Engagement: Ongoing ecosystem expansion, node infrastructure development, and token rewards support longāterm network health.
Speculative Potential: Some analysts, including Binance, project WCT could hit $3 by end of 2025, owing to rapid ecosystem adoption and utility
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