#WalletConnect

WalletConnect Token (WCT) is the native token of the WalletConnect Network, used for staking, rewards, and governance. Currently, its price is around $0.34 to $0.36, with varying trading volumes across different platforms.

**Current Price and Market Data**

- **Price Range**: Approximately $0.335 to $0.3596

- **24-hour Trading Volume**: Ranges from $41.47 million to $83.06 million

- **Market Cap**: Approximately $62.5 million to $63.74 million

- **CoinMarketCap Ranking**: #448

**Tokenomics**

- **Initial Supply**: Capped at 1 billion WCT tokens

- **Circulating Supply**: 186,200,000 WCT coins

- **Token Utilization**:

- **Fees**: Used for network services like relay usage

- **Rewards**: Incentives for securing and maintaining network efficiency

- **Staking**: Users can stake tokens to earn rewards and participate in governance

**Governance Features**

- **Decentralized Governance**: WCT holders can vote on proposals and changes, allowing community control over network development

- **Future Mechanisms**: The governance structure retains flexibility for potential inflation mechanisms if necessary

**Recent Performance**

- **Price Change**: Down by approximately 2.16% in the last 24 hours

- **Market Activity**: Active trading across various exchanges, indicating a healthy market presence