WalletConnect is the global standard for securely connecting digital wallets with decentralized applications (dApps). It provides an interoperable layer that enables over 47.5 million users to connect their wallets with more than 66,500 dApps, achieving over 309 million successful connections. (turn0search2)
This tool is key in the DeFi ecosystem, NFTs, and blockchain gaming, facilitating a smooth user experience compatible across multiple chains.
What makes the $WCT token special?
WCT is the native token of the WalletConnect Network. It has three main functions:
Governance: Holders can vote on network improvements, monetization, and key proposals.
Staking and rewards: Tokens can be locked to earn yields and support the network.
Infrastructure support: Funding for nodes, relays, and future developments.
Key staking data:
Over 106 million WCT staked.
Over 142,000 holders.
Yield of up to 22% APY depending on the lock duration.
The calculation of “stake weight” combines locked amount and term, incentivizing longer commitments.
Differentiating features
Multi-chain and agnostic: Works on Ethereum, Optimism, Solana, and more.
Top-notch security: Over 20 decentralized nodes and relays operate.
UX Innovation: “Smart Sessions” allow for automated flows without multiple signatures, paving the way for a smoother Web3.
What recently enriched the WCT ecosystem?
Listings on exchanges like Binance, Upbit, and KuCoin enhance liquidity and accessibility.
Connection with Optimism, expanding coverage on layer 2.
Staking programs in apps like Layer3 and native staking on the platform, with rates up to 22% APY.
Conclusion
WalletConnect is more than a connection tool; it is the backbone of Web3 interoperability. With millions of users and robust features like staking and governance, it is building a resilient and participatory network.
What is WCT today? An asset with real utility (staking, governance) within the ecosystem of wallets and dApps. It is an invitation to build the “financial internet” from within, together.
