WalletConnect Expands to Solana, Launches WCT Token with 5M Token Airdrop

WalletConnect, the popular protocol connecting crypto wallets to decentralized apps, has officially launched its WCT token on Solana

Popular crypto wallet and decentralized application connector, WalletConnect, has officially launched its WCT token on Solana. The deployment leverages Wormhole’s Native Token Transfers (NTT) system for optimal integration and interoperability.

This launch marks the third blockchain to gain access to WCT, following its initial deployment on Optimism’s OP Mainnet and subsequent launch on Ethereum, both utilizing the same NTT system for seamless token transfer and composition.

To support the Solana launch, the WalletConnect Foundation will be distributing a total of 5 million WCT tokens to active Solana users through ecosystem partners, including Phantom, Jupiter, Backpack, and Solflare.

These tokens are part of the 185 million WCT allocated for airdrops since September, aiming to reward community members for their involvement in the ecosystem.

The initiative aligns with WalletConnect’s broader strategy to expand interoperability and provide valuable contributions to the crypto community.

With its high throughput and low-cost transactions, Solana presents an ideal environment for expanding the use cases of WCT and engaging a broader user base.

Known for its seamless integration of crypto wallets with dapps, the open-source protocol facilitates user interaction with various Web3 applications.

This launch further expands the possibilities for WCT as it is expected to play a role in governance, staking, and protocol utility as the ecosystem evolves.

As the competition among cross-chain protocols intensifies, this move may help position WalletConnect as a core piece of multichain infrastructure in the Web3 stack.

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