🧩 What is WCT?
The WalletConnect Token (WCT) is the newly launched native token of the WalletConnect Network—a widely used protocol bridging crypto wallets and decentralized apps (dApps). With over 23 million users and 150 million+ daily connections across 600+ wallets and 40,000+ dApps, WalletConnect has become a cornerstone for secure, cross-chain access to decentralized services.
WCT operates on the OP Mainnet (Optimism layer-2 on Ethereum), delivering Ethereum-level security with faster, lower-cost transactions .
🧭 Key Use Cases
Governance – Holders vote on protocol improvements and economic parameters.
Incentives – Used to reward nodes, developers, and network contributors.
Staking – Users lock WCT to support network security and earn rewards.
Airdrops – Several rounds have rewarded loyal participants in the WalletConnect ecosystem.
📊 Tokenomics
Max supply: 1 billion #WCT (fixed, no immediate inflation)
Allocations:
Airdrop: 18.5% (~185 M WCT in Season 1)
Rewards/staking: 17.5%
Team & early supporters: ~30% (with vesting)
Protocol development & ecosystem: ~34%.
Future inflation may be community-governed and controlled only if necessary.
📈 Market Performance
Current price: ≈ $0.32 (+0.05% today)
Market cap: ~€50 million (≈$55 million)
24h volume: ~$50 million–$55 million
All-time high: ~$1.34 on May 31, 2025 (now down ~75%)
All-time low: ~$0.28 on April 15, 2025 ()
Trading is most active on Binance (WCT/USDT, USDC, BNB), Bitget, and Gate.
🚀 Launch & Airdrop Strategy
Launch: April 2025 on Binance Launchpool—users staked BNB or USDC to earn 40 M WCT (4% of total supply), with trading starting April 15, 2025.
Airdrop: Season 1 distributed ~185 M WCT (~18.5% supply) to WalletConnect app users, wallet projects, infrastructure nodes, and dApp communities. Additional rounds are expected.
🌐 Ecosystem & Adoption
Backed by the WalletConnect Foundation, WCT supports grants, partnerships, and infrastructure development.
Integration is seamless for wallets and dApps that already support WalletConnect, making initial adoption frictionless.
Built on Optimism layer-2 for improved speed and reduced transaction costs, with potential multi-chain support anticipated.
⚠️ Risks & Challenges
Price volatility: A steep drop (~75%) from ATH reflects market risk.
Token unlocks: Team and ecosystem tokens will vest over time—watch for potential sell pressure.
Ecosystem growth: Success depends on timely app integrations and active governance participation.
Competition: Other governance/staking tokens in the layer‑2 and wallet space could impact adoption.
✅ Final Take
#WCT brings substantial utility, riding on an already mature protocol with a massive user base. Its on‑chain governance and incentive design aim to ensure long-term engagement. The large airdrop program effectively seeded usage, though actual growth depends on active community involvement and smart tokenomics management.
For short-term traders, recent volatility presents opportunities. For long-term believers in decentralized UX and the WalletConnect vision, WCT could be a foundational asset in your crypto portfolio—just be mindful of token unlocks and active governance to maximize your impact.
🔍 Where to Learn More
WalletConnect official website & docs
CoinMarketCap / CoinGecko profiles (for real-time data)
Binance Launchpool and wallet integrations
Community forums and governance proposals