WalletConnect Token Launches on Solana with 5 Million Token Airdrop

Generated by AI AgentCoin World
Friday, May 23, 2025 6:22 pm ET1min read
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WalletConnect Token (WCT) is set to launch on the Solana blockchain, marking a significant expansion for the protocol. This integration will be accompanied by an airdrop of 5 million

WCT
tokens to active users on the Solana network. The launch aims to open WalletConnect to new users and liquidity, as well as to applications throughout the Solana ecosystem.

The WCT token plays a crucial role in staking and governance across WalletConnect's network and will be used for fees and rewards in the future. Currently, approximately 145,000 users hold WCT, a number expected to rise significantly as the token expands to a blockchain with over 100 million monthly active wallets.

Pedro Gomes, the founder and director of the WalletConnect Foundation, highlighted the platform's shift towards becoming a "chain-agnostic protocol" in recent years. This transition follows its initial focus on Ethereum. Gomes noted that the expansion of WCT to a multichain token aligns with this strategic shift. He also expressed his admiration for the Solana ecosystem, praising the builders, community, and energy within it.

Robinson Burkey, the CCO and co-founder of the Wormhole Foundation, emphasized that the expansion of WCT is a clear indication of the demand for fluid and secure value movement across different ecosystems. This integration is powered by Wormhole, a cross-chain messaging protocol.

WalletConnect has already partnered with several prominent Solana applications, including lending platform Save, perpetual futures exchange Drift, and DeFi protocol Kamino Finance. These partnerships underscore the protocol's growing influence within the Solana ecosystem.

Since its launch in 2018, WalletConnect has facilitated over 278 million connections and 45 million unique active wallets. The protocol's arrival on Solana marks the beginning of a multichain journey, building on its track record of enabling secure and seamless connections between

apps
and wallets.

Further chain integrations are already in development, and as the native token becomes more widely available, new governance features and token-based incentives will be unveiled. These developments aim to give the community a greater role in the future of WalletConnect. This latest airdrop follows the distribution of 50 million WCT tokens to WalletConnect users last year, continuing the protocol's commitment to engaging its user base.