Nc #WalletConnect @WalletConnect

Many people confuse WalletConnect with WCT (Waves Community Token), but they are not the same. WalletConnect is not a cryptocurrency itself. Instead, it is an open-source protocol that enables secure connections between crypto wallets and decentralized applications (dApps).

What is WalletConnect?

WalletConnect acts as a bridge between wallets (such as MetaMask or Trust Wallet) and dApps (like Uniswap or OpenSea), supporting over 150 blockchain networks including Ethereum, Solana, and Polygon. Users connect by scanning a QR code or clicking a deep link, with private keys always staying securely inside the wallet.

About the WCT Token:

WalletConnect does have its own utility token, WCT, which is used for staking, governance, and rewards within its ecosystem.

As of June 19, 2025, the price of WCT is approximately $0.216 USD, with a market cap of $11.3 million.

The token has seen a significant drop in price over the past year — it was around $8.65 in October 2024, and has now declined to $0.216.

How it works:

When a user clicks "Connect Wallet" on a dApp, they can link their wallet through a QR code or deep link. All transactions must be manually approved by the user, which adds an extra layer of security. WalletConnect currently supports over 6,000 dApps and 500+ wallets, and works across mobile, desktop, and browser platforms.

Key Features:

Security: Utilizes TLS (Transport Layer Security) and end-to-end encryption. Private keys are never exposed.

Multichain Support: Compatible with multiple blockchains, making it useful for DeFi, NFTs, gaming, and more.

User Control: Connections are automatically disconnected after inactivity or can be manually terminated at any time.

Recent Updates:

According to recent posts on X (formerly Twitter), WalletConnect has launched $WCT claim criteria for users of platforms like Jupiter DAO and Solflare. Additionally, a domain issue was resolved back in December 2024.