$WCT

WalletConnect Token WCT Launches on Solana, 5 Million Airdrop Draws Market Attention

Recently, the cross-chain protocol WalletConnect announced significant progress, with its governance token WCT officially launched on the Solana network, and it will airdrop 5 million WCT to active Solana users. This news has sparked widespread attention in the cryptocurrency market.

Since its establishment in 2018, WalletConnect has completed over 275 million connections between wallets and DApps, covering more than 600 wallets and 61,000 applications, occupying an important position in the infrastructure of the crypto space. The expansion of the WCT token to Solana marks a key step in WalletConnect's transition from "Ethereum Centralization" to "Chain-Agnostic Protocol".

It is understood that the WCT token serves staking and governance functions within the WalletConnect network, and it will also be used for fee payments and reward distributions in the future. Currently, about 145,000 people hold WCT, and with its expansion in the Solana ecosystem, this number is expected to grow significantly. The 5 million WCT airdrop comes from last year's reserved airdrop pool of 185 million tokens, marking another large-scale distribution after the issuance of 50 million tokens last November.

Pedro Gomes, founder of the WalletConnect Foundation, stated that the collaboration with the Solana team over the past few months has been impressive, with the builders, community, and vitality of the Solana ecosystem standing out. This integration is a core step in promoting the decentralization of the protocol, aiming to achieve true multi-chain interoperability. Robinson Burkey, CCO and co-founder of the Wormhole Foundation, also noted that the expansion of WCT indicates the builders' and users' desire for smooth and secure value flow within the ecosystem.

Currently, some well-known Solana applications rely on WalletConnect's infrastructure, such as the lending platform Save, perpetual futures exchange Drift, and DeFi protocol Kamino Finance. With the launch of WCT on Solana, it is likely that more projects will integrate, further enriching the Solana ecosystem.

For investors and cryptocurrency enthusiasts, WCT's development on Solana is worth continuous attention. Its price trends, application expansion in the new ecosystem, and impact on the entire cross-chain protocol market will all become focal points in the near future.