WCT (WalletConnect Token)

WCT (WalletConnect Token):

🧩 What is WCT?

WCT is the native utility and governance token of the WalletConnect Network, which powers on‑chain UX by connecting wallets, decentralized apps, and services across blockchains.

🔧 Key Functions

WalletConnect Token serves four principal purposes:

1. Fees – Token holders may vote to activate or change fees for services like relay usage. Initially there were no fees.

2. Staking & Rewards – Users stake WCT to earn rewards and support network participation and security.

3. Governance – WCT holders can submit and vote on proposals to shape the network.

4. Transferability – Initially non-transferable, WCT gained full transferability as of April 15, 2025, enabling free movement between wallets.

🧾 Tokenomics & Supply Overview

Max supply: 1 billion WCT

Circulating supply (as of July 2025): ~186 million WCT (~18.6%)

Total supply: ~1 billion WCT—virtually identical to max supply.

Allocation breakdown:

Foundation: 27%

Team: 18.5% (vested with a 1‑year cliff + 4‑year linear unlock)

Rewards: 17.5%

Airdrops: 18.5%

Previous backers: 11.5%

Core development: 7%

No inflation currently planned – token model focuses on fixed supply with slow distribution; fee proposals may emerge via governance in future.

Unlock schedule – tokens unlock linearly across multiple years into 2028; next major unlock expected November 15, 2025 for team release.

📈 Market Snapshot

Current price: ≈ $0.35 USD per WCT

24-hour change: around −1% to −4% across sources

Market cap: ~$65 million

Fully diluted valuation (FDV): ~$350 million (if all 1 billion tokens enter circulation)

All‑time high (ATH): approximately $1.34‑1.37 in late May–early June 2025

All‑time low (ATL): around $0.28 on April 15, 2025 (token launch date)

→ Today’s price is ~74% below ATH and ~25% above ATL.

Trading volume (24 h): ~$60–85 million across exchanges

Top trading venues: Binance (WCT/USDT), MEXC, Bitget, Kraken, OKX

→ Binance accounts for ~14% of volume.

🧪 Use Case Summary & Roadmap

Early phase (launch through spring 2025) – restricted transferability maintained stability; focus on governance and staking.

Post‑April 15, 2025 – tokens now fully transferable, enabling users to trade, move freely, and expand use cases.

Community-driven development – future proposals may include fee structures, new services, staking changes. Governance remains critical.

Growth outlook – as more ecosystem participants (wallets/apps) adopt and incentive alignment grows, staking usage and governance activity may rise.

📊 Summary Table

Item Details

Token WCT (WalletConnect Token)

Purpose Stake, vote, network fees, rewards

Launch Transferability effective April 15, 2025

Supply Max: 1B WCT; Circulating: ~186M (~18.6%)

Allocation Foundation, team, airdrop, rewards, etc.

Price ~$0.35 / WCT

Market cap ~$65M

FDV ~$350M

ATH / ATL ~$1.35 (May '25) / ~$0.28 (Apr '25)

Key Exchanges Binance, MEXC, Bitget, Kraken, OKX

✅ Bottom Line

WCT is the backbone token of the WalletConnect Network—enabling governance, staking, future fee models, and ecosystem incentives. Initially non-transferable, the token became fully tradeable in April 2025. With a fixed supply, phased unlocking, and community-driven governance, WCT is positioned as a core piece of onchain UX infrastructure.

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