WalletConnect Token (WCT) is the native token powering the WalletConnect Network, which serves as a decentralized connectivity infrastructure enabling wallets and dApps to talk to each other across chains. It is used for governance (letting holders vote on protocol changes), staking (securing the network), rewards (incentives for participation), and eventually fees (for usage of the relay services).
WCT was originally non-transferable (to limit early speculation) but as of April 15, 2025, became fully transferable, allowing users to freely move it between addresses. Its supply is capped at 1 billion tokens, with allocations to foundation, rewards, team, airdrops, etc.
With WCT as its governance and incentive engine, WalletConnect fosters a more open and interoperable Web3 infrastructure: the better WCT performs, the more secure and efficient the connectivity layer becomes across chains and wallets.