@WalletConnect | $WCT | #WalletConnect

Introduction

WalletConnect is one of the most widely used middleware protocols in Web3, powering the connection between wallets and decentralized applications (dApps). It allows users to interact with apps by scanning a QR code or using deep links, all while keeping private keys secure. Today, WalletConnect supports hundreds of wallets and thousands of dApps, making it a critical piece of infrastructure for the multi-chain crypto ecosystem.

The launch of the WalletConnect Token ($WCT) represents a major step toward decentralization and community governance, giving stakeholders a direct role in shaping the future of the protocol.

Mission and Vision

WalletConnect’s mission is to create a unified, secure, and chain-agnostic experience for users interacting with Web3. Its vision is to become the “onchain UX layer”, simplifying how wallets, apps, and services connect. WCT plays a central role by aligning incentives, supporting governance, and powering the next phase of WalletConnect’s expansion.

Core Functions of WCT

Governance: Token holders can propose and vote on upgrades, parameters, and protocol changes.

Staking: WCT can be staked to secure network operations and align long-term incentives.

Ecosystem Incentives: Distributed to node operators, dApps, and wallets that contribute to network growth.

Future Utility: May be used to pay for relay services or other network-level fees, once implemented.

By embedding these roles into WCT, WalletConnect ensures that those who use and maintain the network also share in its growth.

Tokenomics

Max Supply: 1,000,000,000 WCT

Circulating Supply: ~186 million WCT (~18.6%)

Distribution: Allocated to the community, contributors, and ecosystem partners, with vesting schedules to reduce market shocks.

Multichain Expansion: Initially launched on Ethereum, WCT has expanded to Solana and will soon launch on Base, broadening its accessibility.

Transferability: WCT became fully transferable in April 2025, allowing free exchange between users.

Market Performance

WCT trades on major exchanges such as Binance and KuCoin, with active liquidity across USDT pairs.

Current Price: Around $0.27–$0.28

Market Cap: ~$48M

FDV: ~$257M

All-Time High: ~$1.34, showing significant room for recovery depending on adoption and utility growth.

Strengths

1. Critical Infrastructure: WalletConnect is already deeply integrated across the Web3 ecosystem.

2. Large Ecosystem Reach: Hundreds of wallets and thousands of apps use WalletConnect as the default connection layer.

3. Decentralization Path: WCT ensures that governance decisions are gradually transferred to the community.

4. Cross-Chain Growth: Expansion to Solana and Base makes WCT relevant beyond Ethereum.

5. Aligned Incentives: Rewards for contributors and node operators strengthen long-term participation.

Risks and Challenges

Supply Unlocks: Future token unlocks could add selling pressure without parallel growth in demand.

Utility Adoption: For WCT to hold value, staking, governance, and potential fee utility must be widely used.

Competition: Other connection protocols or infrastructure layers may emerge.

Cross-Chain Complexity: Supporting multiple chains raises security and interoperability challenges.

Outlook

The future of WCT depends on how effectively it transitions from a passive governance token into a true utility asset that drives staking, incentives, and fee-based demand. Key metrics to watch include:

Growth in staking participation

Number of governance proposals and voter turnout

Ecosystem expansion on Solana, Base, and other chains

Onboarding of new wallets and dApps

Conclusion

WalletConnect ($WCT) is not just another token — it represents the decentralization of one of Web3’s most important infrastructure layers. With its governance role, staking utility, and incentive model, WCT empowers the community to guide how millions of wallet–dApp interactions happen daily.

If adoption continues to expand across chains and wallets, WCT could evolve into one of the most important governance and utility tokens in the crypto ecosystem, underpinning the future of seamless Web3 connectivity.