tl;dr
WalletConnect Token (WCT) is launching on the Solana blockchain, with 5 million WCT tokens to be airdropped to Solana's active users. This multichain token expansion aims to attract new users, liquidity, and applications within the Solana ecosystem. WCT powers staking and governance on WalletConnect...
WalletConnect Token (WCT) has launched on the Solana blockchain, marking a significant expansion from its Ethereum roots to a multichain presence. To kick off this integration, 5 million WCT tokens will be airdropped to active users within the Solana ecosystem, which boasts over 100 million monthly active wallets.
WCT functions as a multichain token enabling staking, governance, fees, and rewards, powering WalletConnect’s evolving network. The move to Solana highlights WalletConnect’s shift to becoming a chain-agnostic protocol, with close collaboration from Solana developers to facilitate secure, seamless app-to-wallet connections across different blockchains.
WalletConnect has a storied history, having facilitated over 278 million connections and supported 45 million unique active wallets since its inception in 2018. Prominent Solana-based applications like Save, Drift, and Kamino Finance already rely on its infrastructure, underscoring the token’s expanding footprint.
Looking ahead, the WalletConnect team plans more chain integrations, enhanced governance capabilities, and token-based incentives to bolster community participation. This launch signals the beginning of WalletConnect’s broader multichain journey to enable fluid cross-chain value movement.
With approximately 145,000 current WCT holders—an already solid base—this expansion onto Solana is expected to accelerate adoption dramatically. WalletConnect aims to empower users and developers alike by providing a secure, interoperable protocol that bridges diverse blockchain ecosystems, furthering the growth and usability of decentralized finance.