- WalletConnect expands with token launch on Solana.
- 5 million WCT tokens airdropped.
- Solanaโs SOL token surges 3.2% post-announcement.
WalletConnect has launched its WCT token on Solana as of May 23, 2025, marking its third blockchain integration. The expansion involves a targeted airdrop of 5 million tokens to Solana users.
The expansion emphasizes WalletConnectโs strategic push into multichain interoperability, fostering significant market movements reflected in Solanaโs token price increase.
The WalletConnect Token (WCT) now operates on Solana following successful launches on Optimism and Ethereum using the Native Token Transfers framework. Pedro Gomes, WalletConnect founder, underscores the airdrop as part of broader community engagement strategies.
โThe WCT token is expected to evolve in utility, with plans for it to play a role in governance, staking, and protocol utility as the ecosystem evolves.โ โ Pedro Gomes, Founder, WalletConnect
The airdrop involves a total of 185 million WCT allocated since September, with 5 million targeted at active Solana network users. The integration utilizes Wormholeโs framework for seamless cross-chain operability, enhancing both liquidity and composability.
The announcement caused a 3.2% increase in Solanaโs SOL token price, with trading volumes spiking by 18%. Solanaโs scalability supports such expansions due to its high throughput and low transaction costs.
Looking forward, WalletConnect aims to enhance the utility of WCT in governance, staking, and protocol applications, reinforcing its competitive edge in the cross-chain ecosystem. Historical precedents suggest sustained community engagement and token utility growth paths.
WalletConnectโs expansion into Solana represents a strategic maneuver, leveraging the blockchainโs robust transaction capabilities and vibrant user base. This move is seen as crucial for WalletConnectโs plans to build a more interconnected Web3 ecosystem.
About the author
Binance Alpha Lists elizaOS After Major Rebranding
Binance Alpha lists elizaOS post major rebranding from ai16z, trading resumes on November 7, 2025.
Google Finance Integrates Kalshi and Polymarket Data Sources
Google Finance adds Kalshi and Polymarket prediction data for real-time event forecasting insights.
Tether Increases Bitcoin Holdings by 961 BTC
Tether Limited, known for issuing the USDT stablecoin, has augmented its Bitcoin holdings by 961 BTC, estimated at $97.3 million, during early November 2025.
Robinhood Stock Falls After Strong Earnings Report
Despite strong Q3 2025 earnings and increased cryptocurrency trading, Robinhood's stock falls due to rising investor concerns over future expenses.
Binance Joins Sei Network as Validator
Binance becomes a validator on Sei Network, impacting market confidence and institutional security.
Crypto Markets Witness $354 Million Liquidation
Crypto markets experience $354 million liquidation, affecting major cryptocurrencies like BTC and ETH, due to extensive market sell-offs.
Related
Binance Alpha Lists elizaOS After Major Rebranding
Binance Alpha lists elizaOS post major rebranding from ai16z, trading resumes on November 7, 2025.
Google Finance Integrates Kalshi and Polymarket Data Sources
Google Finance adds Kalshi and Polymarket prediction data for real-time event forecasting insights.
Tether Increases Bitcoin Holdings by 961 BTC
Tether Limited, known for issuing the USDT stablecoin, has augmented its Bitcoin holdings by 961 BTC, estimated at $97.3 million, during early November 2025.
Robinhood Stock Falls After Strong Earnings Report
Despite strong Q3 2025 earnings and increased cryptocurrency trading, Robinhood's stock falls due to rising investor concerns over future expenses.
Missed Pepe? MoonBull Presale Is Booming โ Snag Your Golden Ticket to the Best Crypto Presale to Buy in 2025
MoonBull presale is live. Grab the best crypto presale to buy in 2025 before prices surge. Donโt miss out again!
Binance Joins Sei Network as Validator
Binance becomes a validator on Sei Network, impacting market confidence and institutional security.
