Latest WalletConnect Token (WCT) News Update

By CMC AI
24 April 2026 11:59AM (UTC+0)

What is the latest news on WCT?

TLDR

WalletConnect Token is expanding its utility beyond simple logins, with recent integrations boosting its role as a financial connectivity layer. Here are the latest news:

  1. WalletConnect Pay Expands Reach (31 March 2026) – Support for the payment feature broadens across wallets, enhancing its real-world utility.

  2. TON Blockchain Integration Goes Live (26 March 2026) – Seamless connectivity launches across the TON ecosystem, improving user and developer experience.

  3. Major Token Unlock Adds Supply Pressure (25 November 2025) – A significant release of 10.06 million WCT tokens introduced potential selling pressure.

Deep Dive

1. WalletConnect Pay Expands Reach (31 March 2026)

Overview: WalletConnect announced at WalletCon Cannes 2026 that its Pay feature is now supported across a wider range of wallets. This expands the protocol's functionality from a simple login tool to a broader infrastructure for onchain payments. What this means: This is bullish for WCT because it directly increases the token's potential utility and demand within a growing payments ecosystem, moving it closer to its vision as the "connectivity layer of the financial internet." (WalletConnect)

2. TON Blockchain Integration Goes Live (26 March 2026)

Overview: WalletConnect integrated with The Open Network (TON), enabling secure wallet connectivity across the TON ecosystem. Early adopters include major platforms like Toncoin, STON.fi, and Dedust. What this means: This is bullish for WCT as it represents strategic multi-chain expansion, increasing the network's total addressable market and solidifying its position as a chain-agnostic protocol essential for user onboarding. (WalletConnect)

3. Major Token Unlock Adds Supply Pressure (25 November 2025)

Overview: Data from Token Unlocks showed that approximately 10.06 million WCT tokens (10.07% of total supply) were released on 25 November 2025, valued at around $11.6 million at the time. What this means: This was bearish for WCT in the short term, as the sudden increase in circulating supply could lead to selling pressure if demand did not keep pace, a typical market reaction to large unlocks. (BlockBeats via Weex)

Conclusion

WCT is actively transitioning from a niche connectivity tool to foundational financial infrastructure, though it must navigate the supply dynamics from past unlocks. Will the expansion into payments and new chains like TON catalyze enough demand to absorb its circulating supply?

What is the latest update in WCT’s codebase?

TLDR

The most significant recent protocol-level update enabled full token transferability, a major step toward decentralization.

  1. Full Token Transferability (15 April 2025) – WCT tokens became fully movable between wallets, unlocking liquidity and tradeability.

  2. Multi-Chain Expansion to Solana (23 May 2025) – The protocol launched on Solana, integrating with Wormhole for cross-chain operability.

  3. Smart Sessions & Automation Roadmap (June 2025) – Announced development of automated onchain actions to reduce user friction.

Deep Dive

1. Full Token Transferability (15 April 2025)

Overview: This update changed the WCT token's fundamental property from non-transferable to fully transferable. Users can now freely send and receive WCT between any wallets or exchanges, which was previously restricted.

The change was executed following community governance, marking a shift from the initial "ecosystem-first" phase designed to ensure stability. It required a protocol upgrade to modify the token's smart contract logic on the OP Mainnet, where it launched.

What this means: This is bullish for WCT because it unlocks the token's full economic utility, allowing for trading, easier staking, and broader market participation. It transforms WCT from a governance tool into a liquid digital asset.

(Source)

2. Multi-Chain Expansion to Solana (23 May 2025)

Overview: This major integration deployed the WCT token on the Solana blockchain, making it a multi-chain asset. The technical implementation used Wormhole’s Native Token Transfers framework to bridge assets and maintain consistency across chains.

The update involved significant codebase work to ensure secure cross-chain messaging and composability with Solana's high-throughput environment, partnering with wallets like Phantom and Jupiter.

What this means: This is bullish for WCT because it dramatically expands the token's potential user base and utility across one of the most active crypto ecosystems. It makes using WCT faster and cheaper on Solana, improving the overall experience.

(Source)

3. Smart Sessions & Automation Roadmap (June 2025)

Overview: Announced as a forthcoming development, Smart Sessions aim to let users grant secure permissions for apps or AI agents to perform automated onchain actions. This reduces constant wallet pop-up approvals, especially on mobile.

This represents a planned codebase evolution toward more sophisticated session management and transaction automation, which would be a significant backend upgrade to the core WalletConnect protocol.

What this means: This is neutral-to-bullish for WCT because it promises a much smoother and more powerful user experience in the future. If successfully implemented, it could drive higher network usage and demand for WCT's utility.

(Source)

Conclusion

WalletConnect's development trajectory shows a clear pivot from controlled launch to open, multi-chain utility, with transferability being the most concrete recent codebase achievement. How will the protocol balance rapid feature deployment with maintaining its core security and decentralization as automation features roll out?

What are people saying about WCT?

TLDR

The chatter around WCT swings between hopeful infrastructure believers and traders spooked by a steep drop and a looming supply unlock. Here’s what’s trending:

  1. Traders are reacting to a sharp price decline, with some seeing an oversold bounce opportunity while others remain cautious.

  2. The official Coinbase listing in August 2025 generated significant bullish excitement and validation for the project.

  3. Speculation around a 5 million WCT airdrop to Solana users fueled a rally, highlighting its multi-chain expansion.

  4. A major point of debate is the tokenomics, with over 80% of the supply still locked, creating long-term inflation concerns.

Deep Dive

1. @Adanigj: WCT's sharp decline and potential bounce mixed

"WalletConnect Token (WCT) went up 31.1 percent in the last 24 hours on Coinbase." – @Adanigj (1.5k followers · 30 Dec 2025 11:58 UTC) View original post What this means: This highlights WCT's extreme volatility. A sharp intraday gain following a major downtrend suggests speculative trading and potential for short-term rebounds, but does not indicate a reversal of the longer-term bearish trend.

2. @CoinbaseAssets: Official Coinbase listing generates buzz bullish

"WalletConnect Token (WCT) is now live on & in the Coinbase iOS & Android apps." – @CoinbaseAssets (275k followers · 14 Aug 2025 16:15 UTC) View original post What this means: This is bullish for WCT because a major exchange listing significantly improves accessibility, liquidity, and institutional credibility, which can drive sustained demand from a broader investor base.

3. Community Post: Airdrop speculation fuels price targets bullish

"Will Wallet Connect's success propel the $WCT token back to $1?... WCT has over 300% upside potential." – Community Post (1 Aug 2025 18:47 UTC) What this means: This reflects retail optimism driven by event-based catalysts like airdrops. It shows how announcements can create short-term price targets, though sustaining such gains depends on broader adoption and market conditions.

4. Community Post: Cautious analysis of supply inflation bearish

"Over 80% of the supply is still locked... The fully diluted valuation is around $639M, but the market cap? Barely $64M. That gap is wild." – Community Post (20 July 2025 04:46 UTC) What this means: This is a bearish, fundamental concern for WCT. The massive unlocked supply represents future selling pressure, which could cap price appreciation unless user adoption and utility grow faster than the new token inflation.

Conclusion

The consensus on WCT is mixed, balancing genuine optimism for its essential Web3 role with prudent caution over its tokenomics and recent price action. The community is closely watching whether real-world utility can outpace the scheduled supply unlocks. Monitor the circulating supply increase against network usage metrics to gauge if adoption is absorbing the new tokens.

What is next on WCT’s roadmap?

TLDR

WalletConnect Token's development continues with these milestones:

  1. Community Fee Proposals (2026) – Governance activation to introduce network usage fees paid in WCT.

  2. Permissionless Node Operations (2026) – Technical upgrade allowing anyone to run network relay nodes.

  3. Total Value Facilitated Metrics Launch (2026) – Public dashboard tracking economic activity across the network.

  4. Continued Multi-Chain Expansion (2026–2028) – Strategic integration with additional blockchain ecosystems.

Deep Dive

1. Community Fee Proposals (2026)

Overview: A core near-term milestone is the activation of community governance to propose and implement a fee structure for the WalletConnect Network. Initially, the network operates without fees, but as it matures, WCT holders will vote on introducing a model—likely a Monthly Active User (MAU) fee for the connection service—where fees are paid in WCT (WalletConnect). This shift is fundamental to creating a sustainable economic flow.

What this means: This is bullish for WCT because it would create direct, recurring utility demand for the token, tying its value to network usage. However, it's a risk if the community designs fees that are too high, potentially discouraging developer or user adoption.

2. Permissionless Node Operations (2026)

Overview: This technical upgrade aims to decentralize the network's infrastructure further by enabling anyone to permissionlessly operate relay nodes. Currently, node operations may be more restricted. This move aligns with the long-term vision of a fully decentralized, community-run network (Blockworks).

What this means: This is bullish for WCT because it enhances network resilience and security, potentially increasing staking participation as node operators are rewarded. It reinforces WCT's role in a permissionless ecosystem, a key value proposition for decentralized purists.

3. Total Value Facilitated Metrics Launch (2026)

Overview: WalletConnect plans to launch a public dashboard for Total Value Facilitated (TVF), a metric tracking the aggregate value of transactions and assets moving through its protocol. This provides transparency and showcases the network's scale and economic impact (Blockworks).

What this means: This is neutral-to-bullish for WCT. Transparent, high TVF metrics could attract more developers and institutional partners, driving network effects. However, it's a transparency tool, not a direct utility driver; its impact depends on whether the data reveals strong, growing usage.

4. Continued Multi-Chain Expansion (2026–2028)

Overview: While WCT is already live on Optimism, Ethereum, and Solana, the roadmap emphasizes ongoing expansion to more blockchain ecosystems. This is a long-term, strategic initiative to cement WalletConnect as the chain-agnostic standard for wallet-to-dApp connectivity. A detailed token unlock schedule shows the circulating supply will increase methodically from 366.9 million in March 2026 to 1 billion by November 2028 (WalletConnect Foundation), funding growth and incentives.

What this means: This is bullish for WCT because broader chain integration expands the total addressable market and utility. The clear, long-term unlock schedule reduces uncertainty but introduces gradual sell pressure; price will hinge on whether new demand from adoption outpaces this increasing supply.

Conclusion

WalletConnect Token's roadmap focuses on activating core utilities—governance, fees, and staking—while expanding its multi-chain footprint, transitioning from a useful protocol to a sustainable, decentralized economy. The planned token unlocks provide a clear, multi-year runway for growth but require monitoring demand relative to supply. How quickly will community-led fee proposals translate into tangible, recurring demand for WCT?

CMC AI can make mistakes. Not financial advice.