🔐 WalletConnect & $WCT – The Ultimate Gateway to Web3
📘 Project Overview
WalletConnect is the de-facto standard for connecting wallets and dApps across chains.
• Powers 600+ wallets and 40,000+ dApps, with 275M connections and 45M users   .
• Built on end‑to‑end encrypted network of service, gateway, and relay nodes .
🤖 WCT Token Utility & Tokenomics
• Staking & Node Incentives: Run, secure, and scale the network; rewards based on performance metrics .
• Governance: Vote on fees, UX improvements, network upgrades .
• Performance-Linked Rewards: Token rewards based on uptime, latency, and successful connections
Token supply:
• Max 1 billion; ~186 M circulating (18.6%) 
• Allocations: foundation 27%, team 18.5%, airdrops 18.5%, rewards 17.5%, dev 7%, early supporters 11.5% .
• Vesting: ~19% now, rest unlocking over years → lower inflation risk ().
🚀 Project Strengths
• Massive adoption: anchor infrastructure in Web3 — high real usage vs. speculative projects .
• Decentralizing fast: progressively opening service node participation via $WCT staking .
• Multichain support: operational on Ethereum, Optimism, Solana (with a 5 M $WCT airdrop), plus Base, Arbitrum, BSC, Avalanche, zkSync .
• Innovation pipeline: “Smart Sessions” for AI/automation, Gas/Chain abstraction, WalletConnect Certified .
⚠️ Risks & Considerations
• Token lockups: Major allocations vesting over long periods → potential sell pressure .
• Fee rollout: Fees in WCT are future‑planned; current utility is rewarded, not transactional .
• Valuation: Market cap ~$55M, recent dip ~10% in a week — likely consolidation before new catalyst ().
📈 Price & Supply Metrics
• Price: ≈ $0.297 today (–4% 24h, –10% last 7 days); all‑time high ~$1.37 in May 2025 .
• Volume: ~$35M 24h, heavy trading on Binance (WCT/USDT ~$4.4M) .
• FDV: ~$297M; circulating ~186 M WCT ().
