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.
- Total supply: 1 billion WCT
- Core functions: staking, rewards, governance, fees
- Staking: secure the network and earn incentives
- Rewards: distributed to node operators, wallets, apps
- Governance: vote on proposals and upgrades
- Fees: may apply for services like relays
- Transferability: enabled from April 15, 2025
- Allocation: 7% development, 17.5% rewards, 18.5% airdrops, 30% team/backers, 27% foundation .