WalletConnect Launches WCT on Solana with $3 Million Airdrop

• WCT token now available on the Solana blockchain
• Airdrop will distribute 5 million WCT tokens
• WCT enables cross-chain governance and staking

The WCT token Wallet Connect has officially launched on the Solana blockchain, expanding its presence after previous implementations on Ethereum and Optimism’s OP Mainnet. The initiative comes with the distribution of 5 million tokens via an airdrop targeted at active users of the Solana ecosystem, highlighting wallets and applications such as Phantom, Jupiter, Backpack and Solflare.

The expansion to Solana is made possible by the use of Wormhole’s Native Token Transfer (NTT) framework. This technology allows WCT to be moved between Ethereum, OP Mainnet, and Solana without becoming a wrapped token, maintaining its native nature across all supported blockchains.

Based on the current price of approximately $0,60 per unit, the estimated value of the airdrop is over $3 million. These 5 million tokens are part of a fund of 185 million WCT reserved for community distribution, as detailed by founder Pedro Gomes. The eligibility schedule and instructions for claiming the airdrop are expected to be released in the coming weeks.

The arrival of WCT on Solana provides faster and more cost-effective transactions for users, in addition to facilitating the integration of the WalletConnect protocol into ecosystem applications. The expectation is that this expansion will encourage the use of features such as staking and governance, initially only available on the OP Mainnet, also on the new network.

Solana apps that already integrate with Reown’s AppKit — a company formerly known as WalletConnect Inc. — include platforms such as Backpack, Drift, Kamino, and Marinade. With the new NTT infrastructure, these apps will be able to fully support WCT, including trading, listing, and staking functions.

The issuance of WCT on Solana followed Wormhole’s “burn and mint” model, keeping the total supply of tokens unchanged. Pedro Gomes reinforced that future expansions should prioritize networks with a focus on user experience and wallet integration, especially within the Optimism Superchain ecosystem.