WalletConnect is an open-source protocol designed to securely connect cryptocurrency wallets with decentralized applications (DApps) without exposing private keys or relying on browser extensions. It establishes an encrypted channel through QR code scanning or deep linking, supporting cross-platform and cross-device interactions, and has become a key component of Web3 infrastructure. Its core features include:
Chain Independence: Compatible with multiple blockchains such as Ethereum, Solana, Cosmos, etc., it has facilitated over 150 million connections, covering 600+ wallets and 40,000+ DApps.
Security Mechanism: Utilizes end-to-end encryption and decentralized database technology to ensure user data privacy.
WalletConnect $WCT @walletconnect
$WCT is the native token of the WalletConnect network, set to launch for trading in April 2025, with main functions including:
Governance and Staking: Holders can participate in protocol upgrade voting and stake to earn rewards.
Economic Model: Initial issuance of 1 billion tokens, with a circulating supply of approximately 186 million tokens (as of June 2025), and a market cap of about $216 million.
Multi-Chain Expansion: Issued on the Optimism mainnet and expanded to ecosystems such as Solana, incentivizing user participation through airdrops.
