The WalletConnect protocol, as a key connection layer in the Web3 ecosystem, has made significant progress in cross-chain compatibility. The protocol currently supports over 50 public chains, connecting more than 600 wallets and 61,000 applications, laying a solid application foundation for its native token WCT.

The economic model of WCT is cleverly designed, with a current circulation of 186.2 million tokens, accounting for 18.62% of the total supply. By granting governance rights to holders and implementing a staking incentive mechanism, WCT has formed a self-sustaining ecosystem. Token holders can not only participate in important decisions of the protocol but also earn dynamic annualized returns through staking, which effectively balances network security and the interests of participants.

Since its launch in 2024, WCT has shown robust market performance. Benefiting from the large user base of WalletConnect and support from mainstream trading platforms like Binance, WCT's circulating market value has demonstrated steady growth. Additionally, WalletConnect is actively promoting cross-chain expansion strategies, such as deployment on the Solana network and the planned airdrop of 5 million tokens, which further enhances the influence of its ecosystem.

In the long term, the value of WCT mainly depends on two key factors: the efficiency of the WalletConnect protocol in user retention and scenario expansion, as well as whether its governance mechanism can effectively promote the continuous evolution of the network. Therefore, when evaluating WCT, investors should focus on its on-chain activity indicators and the latest developments in ecosystem collaborations.

With the continuous development of the Web3 field, WalletConnect, as an important infrastructure connecting various blockchain wallets and decentralized applications, may further highlight its significance. This also provides a broad imaginative space for the future development of the WCT token. However, considering the high volatility of the cryptocurrency market, investors should remain cautious and conduct thorough risk assessments when participating.