In the blockchain space, WalletConnect has always played an important role in connecting users, wallets, and decentralized applications (DApp). Today, the WalletConnect ecosystem welcomes a new important member - WCT (WalletConnect Token). This emerging token officially logs in to the mainnet on April 15, 2025, and opens transfer functionality, marking a significant innovation in blockchain user experience (UX).

The original intention of WCT's design is to provide power and incentives for the WalletConnect ecosystem. It has four core functions: first, users can earn rewards by staking WCT; second, token holders have the right to participate in community governance and vote on important issues; third, WCT is used to distribute node rewards and wallet rewards to encourage more participants to join the ecosystem; finally, future holders may have the right to vote on the protocol's fee strategy.

As of now, approximately 186 million WCT have been put into circulation, accounting for 18.6% of the total issuance of 1 billion coins. The remaining tokens will be gradually released according to the established plan until they are fully unlocked by 2028. This progressive issuance strategy aims to ensure stable growth of the community and avoid price volatility caused by a sudden influx of a large number of tokens into the market.

From the market performance perspective, the current trading price of WCT is around $0.30-0.31, with a total market capitalization between $54 million and $57 million. The daily trading volume reaches tens of millions of dollars, showing good liquidity. However, as a small-cap Token, WCT's price is quite volatile, having previously reached a high of $1.35-1.39, and is currently in a correction phase.

The core value of WCT lies in its important role in network ecological governance. It not only supports a staking mechanism at the technical level but also carries the governance functions of the community. For those who are keen to participate in on-chain governance and are committed to long-term community building, WCT represents a highly promising tool.

It is worth noting that since most of the WCT has not yet been unlocked, the future token release process will have a significant impact on its price. If the release process can maintain transparency and stability, it is likely to provide certain support for the price of WCT.

Overall, the emergence of WCT has not only injected new vitality into the WalletConnect ecosystem but has also paved the way for a revolution in user experience within the blockchain world. Over time, WCT's potential in promoting the development of decentralized technology and improving user interactions will gradually become evident. For investors and developers focused on the development of blockchain technology, WCT is undoubtedly a project worth keeping an eye on.