The Web3 landscape is witnessing a transformative moment as one of its foundational infrastructure players makes a bold move into tokenization.
WalletConnect, the invisible but essential backbone connecting millions of crypto wallets to thousands of decentralized applications, has unveiled its native WCT token—a development that promises to reshape how users interact with the decentralized ecosystem. This isn’t just another token launch; it represents the evolution of critical digital infrastructure into a community-owned network with substantial utility and governance mechanisms.
According to Altcoin Daily, WalletConnect has established itself as a major player in the cryptocurrency space. The platform enables users to connect their wallets to decentralized applications seamlessly. Altcoin Daily notes that WalletConnect has earned the trust of top platforms across the industry and has become widely used and well-integrated throughout the crypto ecosystem.
WalletConnect Rapid Growth and Decentralization Strategy Gaining Momentum
After years of development, WalletConnect is launching its own token, WCT. Altcoin Daily emphasizes that this is not a meme coin but rather a token backed by years of real infrastructure development and ecosystem contributions. The financial expert points out that this launch represents a significant milestone for the platform after establishing itself as a fundamental part of the Web3 infrastructure.
From December 2024 to January 2025, wallet connections on the platform grew by 9%, while unique wallets increased by nearly 25%, according to Altcoin Daily’s analysis. He highlights that monthly unique wallets have surged an impressive 77% year-over-year, reaching 4.6 million. These figures demonstrate the platform’s accelerating growth trajectory.
Over 57,000 applications currently use WalletConnect, with partners including the Ethereum Foundation, Solana Foundation, and Ledger, among others. Altcoin Daily notes that March 2025 alone saw 18 million new connections established through the platform. The financial expert underscores that WalletConnect has cultivated a diverse and expanding ecosystem of partners and users.
Altcoin Daily explains that the platform aims to further decentralize by onboarding node operators. He states that WCT will play a pivotal role in enabling fees, staking, governance, and rewards on this growing network. This strategy aligns with broader industry trends toward decentralized infrastructure and community governance.
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WCT Token Use and Growing Adoption Show WalletConnect Strong Position
WCT has a capped supply of 1 billion tokens, according to Altcoin Daily’s overview. The token supports network functions via fees, incentivizes users through staking and rewards programs, and offers governance rights to token holders. Altcoin Daily observes that this multi-faceted utility model gives the token fundamental value beyond speculation.
Altcoin Daily points to several key metrics that demonstrate WalletConnect’s significant market position. The platform boasts 38 million unique wallets and over 240 million connections, showing its massive adoption across the cryptocurrency landscape.
Furthermore, he notes that millions of users are already staking over 90.9 million tokens, which signals strong community trust and early adoption of the WCT token. Altcoin Daily sees this as an encouraging sign for the token’s long-term prospects.
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