WalletConnect Token Lands on Solana With WCT Airdrop
WalletConnect Token (WCT) is launching on Solana, with 5 million tokens airdropped to active users. This multichain token aims to increase user access and liquidity within the Solana ecosystem. WCT will facilitate staking, governance, fees, and rewards. Approximately 145,000 users currently hold WCT, a number expected to grow with Solana's 100 million monthly active wallets. WalletConnect is transitioning to a chain-agnostic protocol, having previously focused on Ethereum. The Wormhole Foundation emphasized the demand for secure value movement across ecosystems. Further chain integrations are in development, with new governance features and incentives planned. The airdrop follows a previous distribution of 50 million WCT to users. Prominent Solana applications utilizing WalletConnect include Save, Drift, and Kamino Finance. Since its 2018 launch, WalletConnect has facilitated over 278 million connections and 45 million unique active wallets. The launch on Solana signifies the start of WalletConnect's multichain journey.
