About WalletConnect Protocol and the WCT Token
WalletConnect is an open-source communication protocol that enables secure connections between cryptocurrency wallets and decentralized applications (DApps). Its native token, WCT, serves governance, fee payment, and network incentive purposes. As a key interoperability layer, WalletConnect has been adopted by major wallets and DApps across multiple blockchains.
WCT Price History and Current Performance
According to KuCoin's real-time data, the current price of WalletConnect (WCT) is approximately $0.062. The token reached its all-time high of $1.37 during an early trading frenzy, but has since declined by 95.43%. In contrast, its all-time low stood at $0.05, meaning the current price represents a 25.55% increase from the bottom. This indicates a heavy correction followed by a mild rebound.
As of May 25, 2026, the circulating supply of WCT is 383,508,609 tokens, out of a fixed maximum supply of 1 billion. With approximately 38.35% of tokens in circulation, future unlocks and emissions could continue to pressure the price.
Key Factors Affecting WCT Price
The steep decline in WCT price can be attributed to the broader bearish crypto market, the token's unlock schedule, and heightened competition in the DeFi sector. Despite steady growth in WalletConnect protocol usage, the lack of a strong burn mechanism or real utility for the WCT token has hindered its ability to sustain early valuations. Moreover, market attention has shifted toward functional tokens like LayerZero's ZRO, which offer more direct cross-chain communication utilities, drawing liquidity away from WCT.
Storage and Trading Recommendations
WCT can be securely stored in custodial wallets on exchanges like KuCoin, or in self-custody wallets (e.g., MetaMask via WalletConnect integration). Hardware wallets (such as Ledger or Trezor) and third-party crypto custody services are also viable options. For self-custody users, protecting seed phrases and avoiding unauthorized DApp interactions are critical to preventing losses.
FAQ and Data Sources
This article sources price and supply data from KuCoin's WCT page. Official information about WalletConnect is available through its documentation and blog. Investors should monitor token unlock schedules and ecosystem developments to assess long-term value.