WalletConnect is expanding its reach with a major move into the Solana ecosystem, including a 5 million WCT airdrop. The announcement will have a significant impact on Solana’s DeFi activity. WalletConnect integrated token support on Solana and partnered with Phantom, Jupiter, Backpack, and Solflare to distribute the tokens directly to users. This integration strengthens cross-chain capabilities in the DeFi space, driving up trading volumes and impacting the price of Solana-based DeFi tokens like SRM and RAY. The airdrop will be part of a larger initiative with 185 million WCT reserved by WalletConnect’s foundation last September. Historical trends suggest that multi-chain support from WalletConnect could lead to improved long-term cross-chain interoperability, paving the way for increased mainstream adoption of DeFi protocols across various blockchains. More information about eligibility criteria will be released shortly, with a focus on rewarding significant user participation.