In April 2025, Binance introduced WalletConnect (WCT) to its Launchpool platform, becoming one of the first major exchanges to list the token and support staking participation. This move underscores Binance’s confidence in WalletConnect’s vision and the importance of interoperable wallet-to-dApp infrastructure in the future of Web3.
What Is WalletConnect and Why It Matters
WalletConnect is an open-source protocol that bridges user wallets and decentralized applications (dApps) in a secure, encrypted way. Rather than relying on browser extensions or exposing private keys, users can connect via QR codes or deep linking, retaining full control over their private keys in their wallets. Over time, the protocol has expanded to support many blockchains and wallets, with hundreds of wallet integrations and thousands of dApps leveraging it.
WalletConnect 2.0 also expanded its capabilities, including push notifications, decentralized messaging, and more modular APIs (Core, Sign, Notify, Chat) to foster richer interaction between wallets and apps. The protocol’s security has been audited (e.g., a security audit by Trail of Bits) to identify issues such as replay protections, which the team has acted to mitigate.
In essence, WalletConnect aims to become the “connective layer” for wallets and dApps — a standardized, chain-agnostic middleware that declines to force users or developers into proprietary integrations.
What Is $WCT — The WalletConnect Token
$WCT is the native token of the WalletConnect Network. It plays multiple roles: enabling staking, governance, network incentivization, and helping bootstrap decentralization of the relay network. As WalletConnect transitions its infrastructure, $WCT can become the mechanism by which node operators (relay nodes, gateway nodes) are rewarded, and application developers may pay for services via WCT.
Key tokenomics updates include:
Total supply: 1,000,000,000 WCT
Initial circulating supply when listed: ~ 186,200,000 WCT (≈ 18.62% of total)
Launchpool allocation: Binance’s Launchpool campaign distributes 40,000,000 WCT (4% of total supply) across BNB, FDUSD, and USDC pools.
Staking & adoption stats: Over 100 million WCT have been staked and tens of thousands of holders are participating.
By holding WCT, users gain governance influence over protocol upgrades, network incentives, and future direction. It’s more than a token — it’s the engine driving WalletConnect’s ambition toward decentralization.
What Binance’s Support Means
When Binance announced WCT’s Launchpool integration, users could farm WCT by locking BNB, FDUSD, or USDC from April 11 to April 14, 2025. Trading pairs such as WCT/USDT, WCT/USDC, WCT/BNB, WCT/FDUSD, and WCT/TRY were also launched concurrently. Binance applied its Seed Tag to WCT, signaling that Binance views WCT as a high-potential emerging asset.
For Binance users, this means:
1. Early access to stake and farm WCT.
2. Liquidity via spot markets using multiple trading pairs.
3. Participation in a novel infrastructure token supporting the Web3 stack.
Summary & Outlook
WalletConnect’s mission — to unify the wallet-to-dApp connection layer — depends heavily on broad adoption by wallets and dApps. With Binance’s support via its Launchpool and listing, WCT has gained legitimacy, liquidity, and visibility. The token’s success will likely hinge on the growth of the WalletConnect network (in terms of relays, node operators, active sessions), governance participation, and how quickly application developers adopt WCT-based incentives or services.
In the months ahead, key indicators to watch include staking growth, number of relays/node operators, community governance proposals, integration of WCT to fund infrastructure services, and continued listing on global exchanges. If WalletConnect can deliver its promise of universal, seamless wallet interoperability, $WCT could be a co
rnerstone asset in the Web3 infrastructure stack.
