#WalletConnect WCT is short for WalletConnect Token, the native token within the WalletConnect network, used for governance, rewards, staking, and fee payments within the WalletConnect ecosystem. Here’s a featured summary about it:
What is WCT?
It is a digital currency of the ERC-20 type launched on the Optimism Network and used as the native token in the WalletConnect network for Web3.
Used in governance, where WCT holders can vote on decisions such as infrastructure upgrades, fee enforcement, or future changes to the network.
Can be used for staking, allowing holders to support the network in exchange for rewards based on staking duration and amount.
Rewards are granted to node operators and contributors to building the network, based on performance and number of connections.
Currently, no fees are imposed, but the community can propose and approve service usage fees in the future.
Distribution and Launch of the Currency
Total supply of WCT equals 1 billion tokens.
The distribution includes:
27% for the founding fund (WalletConnect Foundation)
18.5% as rewards for shareholders and eligible users (airdrops)
The remainder is allocated for the team, incentive initiatives, and early developers and contributors.
WCT was initially launched as a non-transferable token to ensure proper use, but became transferable around April 2025 after meeting several criteria such as having 16 node operators, 100 million WCT staked, and launching open-source network code.
Price and Trading (up to August 14, 2025)
Current price is approximately $0.32.
Trading has decreased in the past 24 hours by approximately –9% to –12%.
All-Time High (ATH) recorded on May 31, 2025, reaching between $1.34 to $1.37, which means the current price is approximately 76% lower than this level.
The circulating supply is approximately 186 million WCT, representing about 19% of the total supply.
Market cap is estimated at around 60 million USD, with the Fully Diluted Valuation (FDV) around 320 million USD.
Detailed Overview
Item: Details
Currency Name: WalletConnect Token (WCT)
Currency Type: ERC-20 Token on the Optimism Network
Usage: Governance, Staking, Rewards, Future Fees
Total Supply: 1 billion tokens
Distribution: Foundation (27%), airdrops (18.5%), the remainder for the team, development, and incentives
Transferability available since April 2025
Current Price: ~0.32 USD
Previous All-Time High: ~1.35 USD (May 31, 2025)
Risk Performance: Down approximately 76% from the peak
Circulating Supply: ~186 million tokens
Market Cap: ~60 million USD
Overall Valuation: ~320 million USD