KEYTAKEAWAYS
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WalletConnect launched WCT on Optimism, enabling governance and utility in Web3, with strong market support and listings on major exchanges.
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WCT powers a decentralized network, supporting staking, voting, and cross-chain connections, while promoting community-driven development.
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WalletConnect ensures secure dApp connections with open-source tools, enhancing privacy, interoperability, and access across wallets and blockchains.
CONTENT
RECENT DEVELOPMENTS: WCT ECOSYSTEM GROWS QUICKLY
WalletConnect (WCT) is making waves in the Web3 space. In September 2024, WalletConnect launched its native token, WCT, and deployed it on the Optimism network. This marks a big step toward decentralized governance.
On April 15, 2025, WCT will be listed on top exchanges like Binance, OKX, MEXC, Bitget, and KuCoin. The community is very excited, and OKX is launching an airdrop of 6.5 million WCT tokens.
At the same time, WalletConnect’s source code is now fully open-source. This makes the token transferable and helps future growth. The WalletConnect Foundation also raised $10 million through a token sale. One private round of $500,000 sold out in just 11 seconds on the Echo platform, showing strong confidence from the market.
PROJECT OVERVIEW: A CORE WEB3 CONNECTION TOOL
WalletConnect is an open-source protocol that helps crypto wallets connect to decentralized apps (dApps) easily and safely. Since it started in 2018, it has become a key part of Web3, enabling over 35 million users and 22 billion interactions.
It supports popular wallets like MetaMask, Trust Wallet, and Coinbase Wallet, and works across chains like Ethereum, Solana, and Cosmos.
Users can connect to dApps by scanning a QR code or using deep links, without exposing their private keys. This makes the experience both safer and smoother.
WalletConnect’s goal is not only technical connection, but also to build a decentralized, community-driven ecosystem. The WCT token is used for governance, fees, staking, and rewards, helping the network grow in a healthy and sustainable way.
WCT TOKEN: THE CORE OF THE ECOSYSTEM
There are 1 billion WCT tokens in total. The distribution is clear:
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27% for the WalletConnect Foundation
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18.5% for airdrops
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18.5% for the development team
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The rest goes to community incentives and network operations
WCT runs on the Optimism mainnet and supports cross-chain features. In the future, it will expand to more blockchains. Token holders can vote on network upgrades, fees, and more, moving toward a DAO (Decentralized Autonomous Organization) model.
WCT is not only for governance. Node operators stake WCT to keep the network secure and stable, and earn rewards. Developers can get grants from the Foundation to support new dApps. WalletConnect also plans to launch decentralized messaging and more features, improving user interactions.
TECHNICAL STRENGTH: A LEADER IN SECURITY AND COMPATIBILITY
WalletConnect’s system is built to be decentralized. It uses service nodes and gateway nodes to encrypt messages and route data, ensuring privacy and reliability. Its chain-agnostic design means it can work with many blockchains, breaking down ecosystem barriers.
This flexibility makes WalletConnect a top choice for connecting Web3 apps, especially in DeFi, NFTs, and gaming. The SDK (Software Development Kit) is also improving, making it easier for developers to build on the platform. WalletConnect has supported over 27.5 billion connections and 45 million users worldwide.
Founder Pedro Gomes said the WCT token was launched to create better “token-market fit” and bring together node operators, wallets, and app developers toward a shared vision — a network without centralized control.
FUTURE OUTLOOK: A LEADER IN WEB3 GROWTH
WalletConnect has a bright future. With the WCT token now launching and the ecosystem becoming more decentralized, more developers and users are expected to join. The project is likely to grow its leadership in the Web3 space.
Recently, WalletConnect’s parent company Reown raised $13 million in a Series B funding round, bringing its total to $23.5 million. This shows strong support from investors. New products like WalletConnect Phone also show the team’s goal of connecting the digital and real world.
WalletConnect is becoming the key infrastructure for Web3. With its strong technology and community-driven model, it is changing how wallets and dApps interact.
The WCT token brings new energy to the network and gives users and developers a chance to help build a decentralized future. As WalletConnect continues to grow and expand across chains, it’s likely to remain a major force in the blockchain world.
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