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![CryptoJournaal Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1159541595357831170.png) CryptoJournaal [@CryptoJournaal](/creator/twitter/CryptoJournaal) on x 18.5K followers
Created: 2025-07-23 06:14:12 UTC

#WalletConnect ( $WCT ) - #Explainer

💡 What is WalletConnect ( $WCT )?

WalletConnect is the native token of the WalletConnect Network, an open-source communication protocol that facilitates connections between crypto wallets and decentralized applications (dApps) through secure and user-friendly technology.

Since its inception in 2018, the network has grown into a crucial infrastructure layer within the Web3 ecosystem, supporting over XXX wallets and XXXXXX dApps. WalletConnect is chain-agnostic and operates seamlessly on Ethereum, Solana, Bitcoin, Cosmos, Polkadot, and more.

The protocol is designed to operate in a scalable, privacy-friendly, and fully decentralized manner. The introduction of the $WCT token strengthens this model through community governance, staking, and reward mechanisms.

$WCT is the utility and governance token of the network, enabling users to participate in decision-making while earning rewards.

#CryptoEcosystem

⚙️ How does WalletConnect work?

WalletConnect functions as a decentralized communication protocol that enables encrypted connections between wallets and dApps without exposing private keys. Users simply scan a QR code or use a deep link to connect, without needing browser extensions or sharing sensitive data.

🔸 Connectivity:

Through WalletConnect, users can securely communicate with thousands of Web3 applications. The protocol uses end-to-end encryption, ensuring that relay nodes have no access to addresses or transaction data. This makes it highly suitable for privacy-sensitive use cases like online payments.

🔸 Relay Network:

WalletConnect uses a network of relay nodes, with XX currently active (including Consensys, Ledger, and Figment). These nodes send messages between wallets and dApps through a mailbox system, allowing offline users to retrieve messages upon reconnection.

🔸 Interoperability:

Thanks to its chain-agnostic architecture, WalletConnect operates across multiple blockchains and supports ecosystems like Ethereum, Solana, Cosmos, and Bitcoin — all via one universal communication layer.

With over XXX million connections and XX million unique active wallets, WalletConnect is one of the most widely used infrastructure protocols in Web3.

#BlockchainInnovation

🪙 The role of $WCT

The $WCT token plays a central role within the WalletConnect ecosystem:

🔸 Governance:

$WCT holders can vote on protocol proposals such as fee structures, upgrades, and distributions. On-chain governance is expected in Q2 2025, giving the community full control over the network.

🔸 Staking:

Users can stake $WCT to help secure the network and earn rewards. The staking model offers variable lock-up periods (1 week to X years), with longer durations yielding higher APYs. Since December 2024, over XXX million tokens have been staked by more than XXXXXX users.

🔸 Rewards:

Wallet developers, node operators, and active participants receive performance-based rewards, such as for uptime and low latency. XXXX% of the token supply is reserved for these incentives.

#Tokenomics

🛠️ Key features:

🔸 The total supply of $WCT is X billion tokens.

🔸 The initial circulating supply was approximately XXXXX million tokens (19%).

🔸 XXXX% is allocated for airdrops and community distributions.

🔸 XXXX% is reserved for in-network rewards.

🔸 XX% goes to the WalletConnect Foundation for grants, partnerships, and ecosystem growth.

🔸 X% is allocated to the team, with a vesting period of 3–5 years.

🔸 Remaining tokens are allocated to early investors and network development.

Following its launch in September 2024, $WCT was initially non-transferable to reduce speculation. Since April 2025, the token has been fully transferable.

#BlockchainProgress

📜 History and development:

WalletConnect was founded in 2018 by Pedro Gomes with the goal of building a secure bridge between wallets and dApps. In 2023, WalletConnect v2 launched with a focus on scalability and multichain support.

Further decentralization began in 2024 with the introduction of node operators and staking functionality. The WalletConnect Foundation was also established to make the network community-driven.

The project raised over $XX million from investors such as Coinbase, Consensys, Hashkey, and Circle. An additional $XX million was raised through four token sales.

WalletConnect has launched innovations such as Smart Sessions, One-Click Auth, and WalletGuide — a quality certification for crypto wallets within the network.

#CryptoHistory

💸 Market and user data:

WalletConnect supports over XXXXXX dApps and 600+ wallets, with more than XXX million total connections made. Active users benefit from fast, secure, and private communication across multiple blockchains.

$WCT is listed on exchanges like Bitvavo, Bybit, WEEX, and ApeX, and is tradable in pairs like WCT/USDT, WCT/EUR, and WCT/USDC.

#MarketAnalysis

✅ Advantages of WalletConnect:

Decentralized and end-to-end encrypted communication protocol.

Multichain support for maximum interoperability.

Widely adopted in the industry, with millions of connections and major wallet partnerships.

Clear governance structure with strong community focus.

Solid technical foundation and innovative roadmap.

#DeFiApplications

⚠️ Challenges and risks:

$WCT is subject to high volatility due to market movements and speculation.

Regulatory risks in different jurisdictions may affect adoption.

Competition from other communication protocols or wallet integrations like MetaMask Snaps.

Community governance could lead to unforeseen decisions regarding fees or allocations.

#CryptoChallenges

🛠️ Applications and adoption:

$WCT is used for staking, governance, rewards, and potentially future fee structures. Active users are also rewarded through airdrops.

WalletConnect is integrated into major wallets and applications, driving ecosystem growth. The introduction of node operators and on-chain governance accelerates adoption across the broader Web3 landscape.

#DeFiAdoption

📊 Price and market performance:

The price of $WCT is highly volatile, ranging between $XXXX and $XXXX. Its all-time high of $XXXX was reached in May 2025. Market capitalization is around $63M–$71M, with daily trading volume ranging from $15M to $72M.

FDV is estimated at approximately $341M, based on the max supply of X billion tokens.

#MarketVolatility

🔮 Future outlook:

With Web3’s growth and the need for secure wallet connectivity, WalletConnect remains highly relevant. Further decentralization, expansion to blockchains like Solana, and future fee models offer strong growth potential.

The staking model, robust infrastructure, and extensive partnership network position $WCT as a serious contender in the Web3 infrastructure category.

#DeFiFuture

🎯 Conclusion:

WalletConnect ( $WCT ) is a vital communication protocol in Web3, enabling secure and decentralized interaction between wallets and dApps.

The platform combines strong technical fundamentals with a community-driven governance model and a widely adopted ecosystem.

While market volatility and regulation pose challenges, WalletConnect positions itself as a scalable and interoperable solution for the future of Web3.

#CryptoConclusion

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⚠️ Important Note:

🔹 This post is for educational purposes only and not financial advice!

🔹 Only invest what you are willing to lose!

📚 Useful resources and additional information:

Want to dive deeper into the world of #WalletConnect ( $WCT ) or looking for the latest updates and developments?

These links will help you stay up to date:

🔹Website:

🔹Telegram:

🔹X (Twitter):

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**Related Topics**
[wct](/topic/wct)
[stocks technology](/topic/stocks-technology)
[decentralized](/topic/decentralized)
[coins wallets](/topic/coins-wallets)
[protocol](/topic/protocol)
[token](/topic/token)
[walletconnect](/topic/walletconnect)
[$wct](/topic/$wct)

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