🛠️ What is WalletConnect (WCT)?
WalletConnect is an open‑source, cross‑chain protocol (est. 2018) that allows you to securely connect crypto wallets to decentralized applications (dApps) using QR codes or deep links—without revealing your private keys .
It supports over 300 blockchains, 600+ wallets, and connects to around 40,000 dApps, with 150 million+ connections made so far .
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🎯 What’s WCT for?
The WalletConnect Token (WCT) powers the network’s decentralization, governance, and incentives:
1. Staking & Rewards
Node operators stake WCT to earn rewards for uptime and performance.
Wallets can earn incentives for frequent usage and connectivity .
2. Governance
Token holders vote on key decisions—such as introducing fees or setting protocol parameters .
3. Future Fee Mechanism
While currently free, applications may pay usage fees in WCT down the line, as determined by governance .
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📊 Tokenomics & Supply
Max supply: 1 billion WCT
Circulating supply: ~186 million (≈18.6%)
Allocation :
Foundation & Dev: ~27%
Airdrops: ~18.5%
Team: ~18.5%
Rewards: ~17.5%
Backers, protocol development, and others fill out the rest.
Unlock schedule:
Release began April 2025; subsequent monthly unlocks (~2.5 M WCT) continue through Nov 2025 and beyond .
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📈 Price & Market Data
Current price: ~$0.31 (falling ~5–6% over the past day/week) .
Market cap: ~$58 million
24 h volume: ~$39–41 million
All-time high: ~$1.34–1.35 (May 31, 2025)
Performance: Down ~77% from ATH, down ~14% week‑to‑date .
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🧩 Use Cases
Wallets: Earn incentives via performance-based usage.
Node operators: Stake and earn for network reliability.
Token holders: Govern the protocol, shaping its future direction.
dApp developers: Primarily free access now; future fee models may apply after burning