E L C H İ N

The WalletConnect Token (WCT) is the native utility token of the WalletConnect Network, a decentralized ecosystem designed to connect cryptocurrency wallets to decentralized applications (dApps) across multiple blockchains.
Launched on Optimism’s OP Mainnet in late 2024, WCT leverages Ethereum’s security and OP Mainnet’s speed to enhance the onchain user experience (UX) for over 23 million users, 600 wallets, and 40,000 app projects.
The network has facilitated over 185 million connections and powers 15-22 million monthly connections as of recent data.

Key Functions of WCT
WCT serves four primary roles within the WalletConnect Network:
1. Fees: Initially, the network does not charge fees for services like relay usage, but WCT holders can vote to introduce fee structures in the future, ensuring long-term sustainability.
2. Rewards: 17.5% of the initial token supply (1 billion tokens) is allocated for rewards, with 5% distributed in the first year to incentivize participation, such as node operators maintaining uptime and wallet providers improving standards.
3. Staking: Users can stake WCT to earn rewards and participate in governance, supporting network stability. Staking rewards began accruing from December 19, 2024.
4. Governance: WCT holders can vote on proposals, giving the community control over the network’s development as it transitions toward a fully decentralized model, potentially through a DAO.

Tokenomics and Distribution
The initial supply of WCT is capped at 1 billion tokens, with allocations as follows:
WalletConnect Foundation: 27% for partnerships, grants, and ecosystem development.
Airdrops: 18.5% for community distribution, with 50 million tokens allocated for Season 1 (claim period ended January 3, 2025).
Team: 18.5% for Reown and WalletConnect team members, subject to a 4-year unlock with a 1-year cliff.
Rewards: 17.5% for incentivizing participation.
Early Supporters: 11.5% for early backers.
Core Development: 7% for protocol development.

The tokenomics model currently avoids inflation, relying on existing allocations and potential future fees.
However, the community can vote to introduce inflation if needed.
As of April 15, 2025, WCT became fully transferable, allowing free movement across the ecosystem, a milestone that followed its initial non-transferable phase to stabilize the network.

Market Performance (as of May 26, 2025)
Price: $0.64 USDT
Market Cap: Approximately $116.32 million to $122.32 million, with a circulating supply of 186.2 million tokens.
24-Hour Trading Volume: Varies widely, with recent figures ranging from $137.06 million to $1.11 billion.
All-Time High: $4.46 on March 7, 2025, though earlier data cites $0.747 on May 20, 2025, suggesting volatility or discrepancies in reporting.
All-Time Low: $0.2811 on April 15, 2025.
Recent Trends: The token has shown significant volatility, with a 38.06% increase in the last month but a 10.41% drop in the last 24 hours in some reports, though others note a 0.34% increase.

Utility and Ecosystem
WCT is integral to the WalletConnect Network’s mission of improving Web3 UX by enabling secure, cross-chain interoperability. The network uses end-to-end encryption to protect user data, ensuring privacy for wallet addresses and transactions. It connects wallets to dApps via QR codes or deep linking, supported by service and gateway nodes. WCT incentivizes node operators and wallet providers to maintain high performance, while governance ensures community-driven development.

Airdrop and Community Engagement
The Season 1 airdrop distributed 50 million WCT tokens, with eligibility based on past network activity, ending January 3, 2025. Subsequent seasons are planned, further engaging the community.
Staking and governance features empower users to shape the network’s future, aligning with its decentralization roadmap.

Critical Perspective
While WalletConnect is a key infrastructure in Web3, its rapid growth (240% in the past year) and high trading volumes suggest speculative interest, which could drive volatility.
The lack of initial fees and inflation raises questions about long-term sustainability, though the governance model allows for future adjustments.
The token’s all-time high of $4.46 seems inconsistent with other data, possibly indicating market manipulation or reporting errors.
Investors should be cautious of the token’s volatility and the broader Web3 market’s risks.

If you’d like to explore WCT further, such as its technical infrastructure or investment potential, let me know!

WCT’s Future: A Bright Path Ahead
WalletConnect and WCT are set to shape Web3 with:
Governance Rollout: WCT holders will soon drive network decisions.Growing Adoption: 20M+ monthly connections signal massive potential.Partnerships: Ties with Consensys and Ledger fuel expansion.Price Outlook: WCT’s utility suggests strong long-term value (check BINANCE for forecasts).

Conclusion: Connect to Web3 with WCT
WalletConnect and WCT are redefining Web3 connectivity.
With a thriving network, real utility, and a 35M-strong community, WCT is a vibrant opportunity for investors and enthusiasts.
Trade, stake, or govern—the WalletConnect revolution awaits!
Disclaimer: Crypto investments are high-risk. Do your own research and consult advisors.

Answer these Questions in comment!
What excites you most about WalletConnect’s mission to make Web3 accessible?Have you explored the WCT token? Considering buying, staking, or governance?Which WalletConnect feature is a game-changer: 35M users, 50,000 apps, or scalability?
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