WCT is the native utility and governance token of the WalletConnect Network, launched in 2024 on the Optimism (OP) layer‑2 network. WalletConnect enables secure, seamless connections between wallets (like MetaMask, Trust Wallet) and dApps via QR codes or deep linking
Key utilities include:
Governance: Holders vote on protocol upgrades, fees, node parameters
Staking: Users lock WCT to run nodes and earn rewards
Rewards: Incentivizes nodes, wallet SDK contributions, and early ecosystem participants
Future Fees: Likely used to pay for protocol services (e.g., connections)
📈 Ecosystem and Adoption
Vast integration: WalletConnect supports over 600 wallets and 40,000 dApps, with more than 150 million connections and 23 million users
Strong infrastructure: Deploys on Optimism for lower gas costs while retaining Ethereum-level security
✅ Strengths
Real-world utility: Powers critical bridge tech between wallets and dApps.
Heavy adoption: Deeply embedded across the Web3 ecosystem.
Solid tokenomics: 1 B supply, careful allocation, no new issuance for 3–4 years
Governance & staking incentive structure fosters decentralization and user engagement.