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WCT powers the WalletConnect Network, an on-chain user experience (UX) ecosystem that facilitates secure connections between wallets and dApps. It supports over 300 million connections for 47.5 million users across 600 wallets and 67,000 projects, operating on blockchains like Ethereum, Solana, Cosmos, Polkadot, and Bitcoin.

WCT was launched on Optimism’s OP Mainnet, leveraging Ethereum’s security and Optimism’s high transaction speeds. The token was initially non-transferable to stabilize the network and focus on governance and staking, but became fully transferable on April 15, 2025.

Total Supply: The initial supply is capped at 1 billion tokens, with allocations as follows:27% to the WalletConnect Foundation for ecosystem development.18.5% for airdrops to users and contributors.18.5% to the team (with a four-year linear unlock and one-year lockup).17.5% for staking and performance rewards.11.5% for early backers.7% for core protocol development.$WCT