WalletConnect is an open protocol that securely communicates between wallets and Dapps (Web3 Apps).

WalletConnect (WCT)

WalletConnect is an open protocol that securely communicates between wallets and Dapps (Web3 Apps). A bridge server is used to relay payloads, which are encrypted with a shared key between the two peers. The connection is initiated by one peer displaying a QR Code or deep link with a standard WalletConnect URI and is established when the counter-party approves the connection request. An optional Push server can also be used to allow native applications to notify the user of incoming payloads for established connections.


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WalletConnect

WalletConnect (WCT)

Decentralizing Web3 Connectivity

What is WalletConnect?

WalletConnect is an open-source protocol that facilitates secure connections between cryptocurrency wallets and decentralized applications (dApps) using QR codes or deep links. Since its inception in 2018, it has become a cornerstone of Web3 infrastructure, supporting over 600 wallets and enabling connections to more than 40,000 dApps.

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Introducing WCT Token

In September 2024, WalletConnect launched its native token, WCT, on the Optimism network. WCT serves multiple purposes within the WalletConnect ecosystem, including governance, staking, and incentivizing network participants. The total supply is capped at 1 billion tokens.

WCT on CoinGecko

WCT Airdrop and Launch

To promote decentralization, WalletConnect conducted a significant airdrop, distributing 185 million WCT tokens to early users, developers, and node operators. The token became transferable in April 2025, marking a pivotal step in WalletConnect's journey towards a community-driven network.

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Tokenomics and Utility

  • Governance: WCT holders can propose and vote on network upgrades and fee structures.
  • Staking: Participants can stake WCT to secure the network and earn rewards.
  • Incentives: WCT is used to incentivize developers and node operators within the ecosystem.
Detailed Report

Recent Developments

WalletConnect has introduced "Smart Sessions," enabling AI-powered, autonomous on-chain interactions. This innovation allows users to delegate transaction permissions to AI agents, streamlining activities like trading, gaming, and asset management. Future transaction fees for these sessions will be payable in WCT, enhancing its utility within the ecosystem.

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