WalletConnect Token (WCT): What It Is, Uses and Risks

WCT is described by its project and by third-party coverage as the native utility and governance token of the WalletConnect Network. The network is presented as an onchain connectivity layer that lets users link their wallets to decentralized apps across many chains. The project says it supports more than 15 million monthly connections and over 300 chains. Articles about WCT in the material reviewed date back to September 2024, but the public information available do not include an official launch date, so none is stated here. WCT is a token that sits alongside the network. Holding it does not by itself mean owning or controlling the WalletConnect software or the organization behind it.

Published descriptions list several functions for WCT. These include paying fees such as relay usage, rewarding participants like node operators and wallet providers, staking, and voting on governance. The project frames these functions as support for the long-term sustainability of the network and as a way for users, apps and wallets to take part in decisions. The material reviewed did not explain fee rates, staking returns, or voting thresholds, so those details are not covered here. How much these uses are applied in practice depends on adoption. Readers should check the current project documentation rather than rely on summaries, which can be out of date.

As of 2026-11-05, the data showed a circulating supply of about 487.6 million WCT. The total and maximum supply are both 1 billion. At the time of writing, the price was about 0.033 US dollars, with a market capitalization of about 16.2 million dollars, a fully diluted valuation of about 33.2 million dollars, and 24-hour trading volume of about 4.4 million dollars. The token ranked 957th by market capitalization. Over seven days the price fell about 4.8 percent, and over one year about 72 percent. The all-time high was about 1.34 dollars on 2025-05-30, and the all-time low was about 0.032 dollars on 2026-10-30. Circulating supply is well below total supply, so any future release of tokens could affect available supply. The material did not give a release schedule, so that effect is not quantified. These figures change constantly and do not indicate future value.

The data lists WCT as issued on Optimism, Ethereum, Solana and Base. It is not listed as the native token of any blockchain, which means it is issued on networks that others built rather than being the base currency of one. Each chain version is a separate deployment, and moving tokens between chains through bridges can add its own risks. Category tags in the data include Binance Launchpool and CoinList Launchpad, which describe how the token was listed rather than what it is worth. Before sending or swapping WCT, confirm the contract address on the chain you are using, because copycat tokens with the same name are common.

WCT carries several risks. Its price has been highly volatile, and it is far below its all-time high. Smart contract bugs, bridge failures and changes to the token's design are possible. Phishing sites and fake tokens often target people searching for popular names. The link between the token's uses and its market value depends on adoption, which is not guaranteed. Rules for crypto tokens also differ by country and can change. To store WCT, use a self-custody wallet that you control, write down your recovery phrase and keep it offline, and never share it with anyone. Check addresses through the project's official channels, and start with a small amount until you understand how the token behaves. Nothing on this page is financial advice.