WalletConnect has expanded its reach by launching its native token, WCT, on the Solana blockchain. As of May 23, 2025, this marks WalletConnect’s third blockchain integration. A strategic airdrop of 5 million WCT tokens is being distributed to active Solana users. This move signifies WalletConnect’s commitment to multichain interoperability and was met with positive market reactions.
The expansion has triggered a 3.2% surge in the SOL token price, with trading volumes for the blockchain increasing by 18%. This rise reflects the increased demand from Solana users who will now be able to leverage WCT for greater network efficiency and access.
This initiative is a significant step forward for WalletConnect, highlighting its vision of connecting decentralized applications within the Web3 ecosystem. The airdrop is expected to further bolster community engagement as the WCT token continues to evolve, enabling potential governance, staking, and protocol-level utility in the future.