WalletConnect has launched its governance token, WCT, on the Solana network and distributed 5 million tokens to active users within the ecosystem. This marks a significant shift from WalletConnect’s previous Ethereum-centric model and reflects their goal of becoming a more flexible multi-chain protocol. The move sees collaborations with major applications like Phantom, Jupiter, Backpack, and Solflare. The integration could boost engagement and transaction volume for these partners. 5 million WCT tokens were airdropped to active Solana users as part of this shift, demonstrating the platform’s commitment to expanding beyond Ethereum and forging new partnerships in the rapidly growing Solana ecosystem.