Walletconnect at the Solana Accelerate conference announced that the walletconnect token (WCT) is now living in Solana’s blockchain. This expansion, strengthened by the native shift of the wormhole token (NTT), marked the first time the WCT exceeded Ethereum and optimism.
To celebrate the integration, the WalletConnect Foundation conducts a targeted airdrop of 5 million WCT tokens to active users of Solana. The initiative is designed to increase adoption and participation in the walletconnect management ecosystem. Airdrop platforms for AirDrop include well -known Solana -based applications such as Phantom, Jupiter, Backpack, and Solflare, with more expected to be revealed in the coming weeks.
Pedro Gomes, founder and director of the WalletConnect Foundation, said: “My Crypto career began with Ethereum, and Walletconnect was first in Ethereum-centric. But our protocol grew to be chain-bag-bag-bag.
Established in 2018, WalletConnect appeared as the connective tissue of the Web3 ecosystem, empowering more than 278 million app-to-wallet connections and facilitating secure contacts for more than 45 million unique users. Protocol infrastructure has been included in Solana applications such as Drift, Helius, Meteora, Kaino, and Marinade by Renown’s appkit-which removes the premise for a seamless post-WCT expansion experience.
The WCT, the native token of walletconnect, plays an important role in the ecosystem. It is currently enabling staking and management within the walletconnect network and is set to support user fees and incentives in the near future. By expanding Solana – are over 100 million monthly active wallets – the number of WCT holders, near 145,000, is expected to increase rapidly.
Robinson Burkey, chief commercial officer and co-founder of the wormhole foundation, emphasized the importance of a liquid-chain experience: “The multichein should feel like a chain. Expanding WCT in Solana using NTT is a clear signal-manufacturers and users want to be safe, unstable.
The expansion of the WCT also progresses to the long -term roadmap of walletconnect. New management mechanisms, cross-chain incentive programs, and greater community participation initiatives are in the pipeline. The foundation hints in additional integration beyond Solana, strengthening its approach to be the go-to connectivity layer for decentralized apps and purses in all blockchains.
Solana Airdrop is the second major distribution following a 50 million WCT Airdrop in 2024. More details on fitting, claiming procedures, and distribution times are expected soon.
This development is in the middle of a broader trend of protocols that adopt multichein techniques to obtain liquidity and user bases throughout the ecosystem. With this move, walletconnect enhances the utility and trace of the community, as well as strengthening its position as a critical layer in the emerging web3 infrastructure stack.
Also Read: The Animoca Brands are investing in Astar to boost Sony’s Web3 Entertainment Push
Denial: The information provided to Alexablockchain is for information purposes only and does not generate financial advice. Read the complete decline here.
Image credits: Walletconnect