#WalletConnect
Here's a concise 120-word overview of WalletConnect Token (WCT):
**WalletConnect Token (WCT)** serves as the foundational cryptocurrency for the WalletConnect Network, a critical decentralized protocol enabling secure communication between crypto wallets and decentralized applications (dApps) across major blockchains like Ethereum, Solana, Polygon, and Bitcoin. With a capped supply of **1 billion tokens**, WCT powers core ecosystem functions:
- **Governance:** Token holders vote on protocol upgrades and treasury allocations.
- **Staking:** Users earn rewards for securing the relay network infrastructure.
- **Fee Payment:** dApps and wallets use WCT to access premium relay services for seamless connectivity.
Priced around **$0.30** (July 2025), WCT boasts a **$56 million market cap** and facilitates over **150 million monthly connections** for 23+ million users. Tokenomics allocate 27% to ecosystem growth, 18.5% to community airdrops, and 20% to core contributors, emphasizing sustainable decentralization. Its infrastructure underpins leading wallets like MetaMask and Trust Wallet.