Swap WCT at the Best Rate

What is WCT?

WCT exists to decentralize a piece of infrastructure most wallet users touch without noticing. WalletConnect is the protocol behind the QR-code and deep-link sessions that connect wallets to applications, and the network of service nodes relaying those sessions is being moved under token-governed control. WCT is the instrument for that: it carries staking, rewards and voting.

The token started on OP Mainnet, then expanded to Ethereum and Solana in 2025 using Wormhole's native token transfer framework. One supply spans all three networks, because moving tokens burns them on the source chain and mints them on the destination rather than wrapping them.

How WCT works

Staking locks WCT for a chosen period, and longer locks earn greater weight in rewards and governance. Reward accrual for stakers began on 19 December 2024, shortly after the token generation event. Proposals run through the network's governance forum and token-holder votes, with the WalletConnect Foundation stewarding the process while the network decentralizes.

Transferability itself was a governance milestone. The token launched locked; a public proposal set five criteria, including open-sourcing node software, onboarding at least 16 node operators, certifying 16 wallets and reaching 100 million staked WCT. Holders approved with 99.65% in favor, and transfers went live on 15 April 2025.

WCT supply and tokenomics

The supply is capped at 1 billion, split between the WalletConnect Foundation with 27%, airdrops with 18.5%, the team with 18.5%, staking and performance rewards with 17.5%, early backers with 11.5% and core development with 7%. Team, backer and core development tokens unlock over four years with a one-year cliff from the token generation event.

The initial design has no inflation, and the published policy is that none is envisioned for the first three to four years; introducing any later would require a token-holder vote. Airdrops arrive in seasons, beginning with the 50 million WCT first season whose claims closed in early January 2025.

Who builds WCT

The WalletConnect protocol was created by Pedro Gomes in 2018 and grew into a connectivity standard across the wallet ecosystem. The WalletConnect Foundation now stewards the network and the token, the team allocation covers members of Reown and WalletConnect, the companies building the core tooling, and independent node operators run the relay infrastructure.

What people use WCT for

For a holder the token is mainly about participation: staking for weekly rewards, voting on how the network evolves, and eventually paying whatever network fees governance chooses to introduce.

• Stake WCT with a time lock to earn network rewards.
• Vote on WalletConnect Network proposals and milestones.
• Run or back a node operator rewarded in WCT.
• Hold the same WCT natively on OP Mainnet, Ethereum or Solana.

WCT risks and considerations

Much of the supply was still locked or vesting through 2025, and unlocks continue on the published schedule, so circulating supply grows for years. Fees, one of the token's headline utilities, are not active yet and depend entirely on future governance decisions.

The multichain design leans on Wormhole's transfer framework, so moving WCT between networks inherits that bridge's security assumptions. Staking and governance began on OP Mainnet and capabilities differ by chain, so confirm what the token can actually do on the network where you hold it.