WalletConnect Token (WCT): Empowering the Future of Web3 Connections

Introduction

WalletConnect has long been a critical infrastructure layer in the Web3 ecosystem, serving as a bridge between decentralized applications (dApps) and crypto wallets. In 2025, the platform is undergoing a transformative shift with the introduction of its native token, WCT. Designed to decentralize the protocol’s operations and empower its community, WCT enhances the platform’s functionality while reinforcing its long-term vision of a permissionless, user-first Web3 experience.

What Is WalletConnect Token (WCT)?

WCT is the native utility and governance token of the WalletConnect Network. Built on Optimism, a Layer 2 scaling solution for Ethereum, WCT enables faster transactions and lower gas fees, creating a more seamless and scalable Web3 experience. The token is central to WalletConnect’s transition from a foundational communications protocol to a fully decentralized ecosystem where users, developers, and stakeholders have direct input into the platform’s evolution.

Token Utility and Governance

WCT is designed for utility at both the protocol and user levels. Token holders can use WCT for transaction fees within the WalletConnect ecosystem, including future integrations such as relayers, messaging bridges, and dApp sub_script_ions. Importantly, WCT also empowers holders with governance rights. Through the WalletConnect DAO, community members can propose and vote on critical updates, fee models, incentive structures, and protocol upgrades. This decentralized governance ensures that the platform evolves according to the collective vision of its active participants.

Tokenomics and Supply

WCT has a fixed total supply of 1 billion tokens, ensuring scarcity and supporting long-term value appreciation. As of May 29, 2025, approximately 186.2 million tokens are in circulation. The token distribution strategy includes allocations for the WalletConnect Foundation, development team, strategic partners, staking rewards, and airdrop campaigns. Notably, 18.5% of the total supply—equating to 185 million tokens—is designated for multi-season airdrops to incentivize early users and contributors.

Airdrop and Community Engagement

To reward early adopters and drive grassroots participation, WalletConnect launched a structured airdrop campaign starting in Q4 2024. Season One opened on September 24, 2024, and ran until October 18, requiring users to register eligible wallets and complete on-chain activities. This initiative not only distributed WCT tokens to active users but also encouraged ongoing engagement with WalletConnect-enabled apps. Future airdrop seasons will continue to allocate tokens to users contributing to the ecosystem, including liquidity providers, dApp developers, and community moderators.

WCT Market Performance in May 2025

As of May 29, 2025, WCT is trading at approximately $1.09, with a 24-hour trading volume exceeding $557 million. The token hit its all-time high of $1.09 on the same day, reflecting surging investor confidence and growing traction across Web3 infrastructure narratives. With its early-stage momentum and growing real-world utility, WCT is rapidly becoming a key asset to watch in the decentralized infrastructure space.

Strategic Importance in Web3

WalletConnect’s strategic role as a cross-chain connectivity layer makes WCT more than just a governance token—it’s a gateway to shaping the decentralized internet. As more dApps, wallets, and blockchain games integrate WalletConnect, the demand for infrastructure tokens like WCT is poised to increase. This positions WCT not only as a governance asset but also as a long-term play on the expansion of the entire Web3 economy.

Conclusion

The launch of the WalletConnect Token marks a pivotal step in the protocol’s journey toward full decentralization and community ownership. WCT provides the economic incentives and governance framework needed to sustain long-term ecosystem growth, while reinforcing WalletConnect’s role as a trusted backbone of the Web3 interface layer. For users, developers, and investors alike, WCT represents an opportunity to take part in shaping the future of decentralized connectivity. As Web3 adoption accelerates, WalletConnect and its native token are poised to be at the forefront of that evolution.