#WalletConnect

WalletConnect is a decentralized protocol that enables secure interactions between wallets and decentralized applications (dApps) in the Web3 ecosystem. It has grown into the WalletConnect Network, an onchain user experience layer powering over 150 million connections for 23 million users, supporting 600 wallets and 40,000 dApps.

Central to this network is the WalletConnect Token (WCT). Launched on the Optimism OP Mainnet and based on Ethereum, WCT is a utility and governance token. It facilitates network payments, staking, governance decisions, and participant rewards. Optimism integration ensures faster and more affordable transactions while maintaining Ethereum’s security.

WCT’s tokenomics are designed for sustainability. The total supply is capped at 1 billion, with no current inflationary mechanisms. The protocol relies on fee structures and allocations to power ongoing development and incentivize user participation.

As of now, WCT ranks around 384 by market capitalization, which stands at approximately 89 million USD. The circulating supply is about 186.2 million tokens, with a current price near 0.48 USD and daily trading volume exceeding 120 million USD.

Benefits of WalletConnect and WCT include:

- Cross-chain and multi-wallet connectivity across Web3 apps

- Decentralized governance via token holder voting

- Support from key industry players like Consensys and Ledger

- Cost-efficient and scalable architecture via Optimism

WalletConnect and WCT aim to redefine how people connect to the decentralized web, creating smoother, more secure, and universally accessible user experiences.