WalletConnect native Token WCT has officially expanded to the Solana blockchain, planning to airdrop 5 million WCT tokens to active Solana users.
WCT Expansion and Airdrop Details
This integration makes Solana the third blockchain to support WCT Token, followingism and.LetConnectect Foundation foundation announced announced a irdropof of 5 million WCT, with a current value of approximately $0.60, totaaling $3 million.
This airdrop is part of the total 185 million WCT reserved for airdrops last September, and is the second major WCT airdrop following the 50 million token airdrop to the WalletConnect community in November><.rop through partners like, such as Phantom, Jupiter, Backpack, Andare eligdistribution, instructions expected to be announced this summer.
The technical core of WCT's expansion to Solana lies in adopting Wormhole's native token transfer (NTT) framework. Using a "burn-and-mint" model ensures WCT achieves native transfer between different chains while maintaining consistent total supply, unlike the traditional wrapped token model.
This is expected to bring faster transaction speeds and lower transaction costs for Solana users, thereby enhancing WalletConnect's usability in Solana applications.
Moreover, WCT's integration into the Solana ecosystem also provides possibilities for future governance and staking functions on Solana. Major Solana ecosystem applications like Backpack, Drift, Kamino, and Marinade have already supported WCT Token through AppKit developed by Reown (WalletConnect Inc.), with potential future openings for related transactions, staking, and governance functions. As more chains are integrated, WalletConnect is gradually consolidating its key position as a Web3 cross-chain infrastructure.
