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    Home»Crypto News»Bitcoin & Altcoins»WalletConnect Launches WCT on Solana
    Bitcoin & Altcoins

    WalletConnect Launches WCT on Solana

    kumbhorgBy kumbhorgMay 23, 2025No Comments3 Mins Read
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    WalletConnect Launches WCT on Solana
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    WalletConnect announced at the Solana Accelerate conference that the WalletConnect Token (WCT) is now live on the Solana blockchain. This expansion, powered by Wormhole’s Native Token Transfers (NTT), marks the first time WCT has gone beyond Ethereum and Optimism.

    To celebrate the integration, the WalletConnect Foundation is conducting a targeted airdrop of 5 million WCT tokens to active Solana users. The initiative is designed to increase adoption and participation in WalletConnect’s governance ecosystem. Partner platforms for the airdrop include prominent Solana-based applications like Phantom, Jupiter, Backpack, and Solflare, with more expected to be revealed in the coming weeks.

    Pedro Gomes, founder and director of the WalletConnect Foundation, said: “My career in crypto began with Ethereum, and WalletConnect was initially Ethereum-centric. But our protocol has grown to be chain-agnostic. This expansion to Solana makes WCT truly multichain, and it reflects our deepening engagement with the Solana community and developers.”

    Founded in 2018, WalletConnect has emerged as the connective tissue of the Web3 ecosystem, powering over 278 million app-to-wallet connections and facilitating secure interactions for more than 45 million unique users. The protocol’s infrastructure is already integrated into Solana applications like Drift, Helius, Meteora, Kamino, and Marinade via Reown’s AppKit—laying the groundwork for a seamless user experience post-WCT deployment.

    WCT, WalletConnect’s native token, plays a vital role in the ecosystem. It currently powers staking and governance within the WalletConnect Network and is set to support fees and user incentives in the near future. With the expansion to Solana—home to over 100 million monthly active wallets—the number of WCT holders, already nearing 145,000, is expected to rise rapidly.

    Robinson Burkey, Chief Commercial Officer and co-founder of the Wormhole Foundation, highlighted the importance of a fluid cross-chain experience: “Multichain should feel like one chain. WCT’s expansion to Solana using NTT is a clear signal—builders and users want secure, seamless value transfer across ecosystems. Wormhole is proud to support WalletConnect in this mission.”

    The WCT expansion also advances WalletConnect’s long-term roadmap. New governance mechanisms, cross-chain incentive programs, and broader community participation initiatives are in the pipeline. The foundation has hinted at further integrations beyond Solana, reinforcing its strategy to become the go-to connectivity layer for decentralized apps and wallets across all blockchains.

    The Solana airdrop is the second major distribution following a 50 million WCT airdrop in 2024. More details on eligibility, claiming procedures, and distribution timelines are expected soon.

    This development comes amid a broader trend of protocols adopting multichain strategies to capture liquidity and user bases across ecosystems. With this move, WalletConnect boosts its utility and community footprint, as well as strengthens its position as a critical layer in the evolving Web3 infrastructure stack.

    Read Also: Animoca Brands Invests in Astar to Boost Sony’s Web3 Entertainment Push

    Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.

    Image Credits: WalletConnect

    Launches Solana WalletConnect WCT
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