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What Is WalletConnect (WCT)?
Key Takeaways

WalletConnect makes it easy to connect crypto wallets to decentralized apps using QR codes or deep links, keeping users in control without exposing private keys or relying on browser extensions.

The protocol supports a wide range of blockchain networks, including Ethereum, Solana, Polkadot, Cosmos, and Bitcoin.

The WalletConnect ecosystem has WCT as its utility token, which can be used for staking, governance, and to receive rewards.

What Is WalletConnect?

WalletConnect is an open-source protocol that makes it easy for crypto wallets to connect with decentralized apps (DApps). Instead of relying on browser extensions or copy-pasting wallet addresses, WalletConnect lets you link your wallet to a DApp with a quick QR code scan or deep link. WalletConnect works across many blockchains, and aims to make Web3 more user-friendly and secure.

Originally created to address fragmented and vulnerable DApp-wallet interactions, WalletConnect has grown into a protocol and a network that supports millions of users and thousands of applications.

How WalletConnect Works 

At its foundation, WalletConnect acts as a communication layer that enables wallet applications to interact with DApps without exposing sensitive information, such as private keys. 

The protocol supports encrypted messaging through a session established by scanning a QR code or clicking a deep link. Once connected, users can approve or reject transactions directly from their wallets, which remain in their full control throughout the session.

WalletConnect supports multiple blockchain networks, including Ethereum, Solana, Cosmos, Polkadot, and Bitcoin. 

WalletConnect is built on three key pieces:

Network: This is the system of nodes that pass messages between your wallet and the app you're using. These nodes are run by different groups to keep things decentralized.

SDKs: Developers use WalletConnect SDKs to add the connection feature to their wallets and DApps. The SDKs handle all the technical stuff behind the scenes.

Standards: WalletConnect uses standard rules for how messages are sent and received, which makes it easier for apps and wallets to work together smoothly.

The WCT Token

WalletConnect has its own token called WCT. It is an ERC-20 token with a total supply of 1 billion tokens. WCT was launched on the Optimism network and is used for multiple purposes within the WalletConnect ecosystem:

Governance: WCT holders can help decide how the network evolves, from protocol upgrades to fee structures.

Staking: Users can stake WCT tokens to help secure the network and earn rewards. Staking durations range from one week to two years, with incentives increasing with the length of the commitment.

Performance-based rewards: Node operators and wallet providers are rewarded in WCT based on metrics such as uptime, latency, and the number of successful connections they facilitate.

Future fees: While WalletConnect doesn’t charge fees yet, WCT might be used for transaction fees later on if the community votes for it.

WCT is an ERC-20 token with a total supply of 1 billion tokens.

WCT on Binance Launchpool

On April 10, 2025, Binance announced WCT as the 67th project on the Binance Launchpool. Users who locked their BNB, FDUSD, and USDC during the farming period were eligible to receive WCT rewards. A total of 40 million WCT were allocated to the program, accounting for 4% of the total token supply.

After the farming period, WCT was listed for trading on Binance with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, FDUSD, and TRY pairs.

WalletGuide and Certification 

The WalletConnect team also runs WalletGuide, a project that reviews and lists wallets that meet certain quality and security standards. Wallets can earn certification, which makes them more trustworthy in the eyes of users and developers.

Adoption and Growth 

WalletConnect has seen significant adoption since its launch. According to their website, the project has made over 240 million connections to serve more than 38 million unique active wallets. Over 57,000 decentralized applications have integrated the protocol, which illustrates its utility and interoperability within the Web3 space.

Funding and Development 

The WalletConnect Foundation has raised $10 million from four consecutive oversubscribed token sales. The funds will enable the WalletConnect Foundation to expand operations, grow its team and support ecosystem initiatives — benefiting developers, node operators and strategic partners.

Closing Thoughts 

WalletConnect started as a simple way to connect wallets to DApps, but it’s grown into a whole ecosystem with its own token, governance system, and network infrastructure. With support for multiple blockchains and a strong user base, the project is enabling secure and efficient communication across multiple Web3 platforms.

Further Reading

Your Guide to Binance Launchpad and Launchpool 

How to Set Up a Crypto Wallet

What Are Decentralized Applications (DApps)?

Disclaimer: This article is for educational purposes only. This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
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Big Crypto Holders Stay Calm Despite Market Sell-offs, Here’s What They Know That Retail Investor...
Crypto holders are maintaining exceptional calmness through market sell-offs because they understand Mutuum Finance (MUTM) and other projects. During its ongoing 11-phase presale phase 4 the decentralized lending protocol Mutuum Finance (MUTM) has raised $7 million and obtained 8,400 holder positions. MUTM has sold 417 million tokens. MUTM provides investors with a structured reward system which leads knowledgeable market watchers to ignore current cryptocurrency market downturns. These holders bypass their focus on market fluctuations because they recognize Mutuum Finance’s (MUTM) strong tokenomics structure and lending capabilities which brings positive prospects for substantial profits during 2025.

Mutuum Finance (MUTM) Presale Surges

Mutuum Finance (MUTM) continues to establish itself in the crypto sector through the operation of its decentralized lending system. During Phase 4 of the presale token buyers can acquire MUTM at $0.025. Investors who buy at the present moment will profit 20% upon the start of phase 5 at $0.03. 

The carefully designed tokenomics system guarantees buyers will receive 140% returns on their investment when MUTM takes its $0.06 listing price and expert analysts expect it to rise further to $3.50 bringing a total ROI of 13,900%. The MUTM smart contract receives a final scan from Certik which will appear on social media platforms to strengthen project credibility. 

By using a predefined methodology Mutuum Finance (MUTM) has established itself as an exceptional crypto project. The quick-paced presale funds have exceeded $7 million which indicates that phase 4 is almost sold out.

Innovative Lending and Rewards

Mutuum Finance (MUTM) creates DeFi transformation through its peer-to-contract and peer-to-peer lending capability. The user accrues interest through mtTokens starting from mtETH over an ongoing period while making asset deposits into liquidity pools. Users can borrow funds from Mutuum Finance when they use assets backed by additional value than the requested amount. The platform revenue distribution system inside the buy-and-distribute model purchases MUTM tokens then sends them back to stakers which produces continuous purchasing pressure. Mutuum Finance (MUTM) revealed its interactive top 50 holder dashboard as well as bonus-token allocation benefits for participants who retain their positions above others. A sum of $100,000 helps boost the appeal by awarding 10 selected winners $10,000 each. Mutuum Finance (MUTM) attracts committed investors through its reward programs thus achieving status as an attractive long-term investment platform.

Why Big Holders Trust Mutuum Finance (MUTM)

Crypto enthusiasts bypass market fluctuations because Mutuum Finance (MUTM) provides them real value through its functional offering. Mutuum Finance (MUTM) operates a permanent functional system that combines lending and borrowing to create a steady market demand. Early investors get benefits from phase 4 of the presale because the $0.025 price will increase 20% in phase 5. Investors are drawn to Mutuum Finance (MUTM) by its 140% listing boost and its future potential for 13,900% ROI after launch. Veteran investors look at Mutuum Finance (MUTM) as a smart investment in DeFi future because this project combines security features along with innovative capabilities and high profit potential.

Big holders’ calm stems from their grasp of projects like Mutuum Finance (MUTM), where strategic tokenomics and real utility trump market noise. MUTM’s Phase 4 buyers need to act quickly because the current $0.025 price is set to increase by 20% in Phase 5. There exists an exceptional opportunity to achieve significant capital growth. This through the combination of 140% price appreciation and anticipated project valuation at $3.50.

Visit Mutuum Finance’s official website. Join the presale before phase 4 sells out. Don’t miss this opportunity. Align with a DeFi project built for enduring success.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://www.mutuum.finance/
Linktree: https://linktr.ee/mutuumfinance
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