WalletConnect unlocks transferability of WCT token, marking a major step in its decentralization journey

The WCT token is now officially transferable, this marks a pivotal moment in WalletConnect’s decentralisation roadmap. Transferability of WCT brings the onchain economy closer to a more open, permissionless, and community-driven experience.

Since its inception, WalletConnect has been guided by a singular mission: to make onchain UX amazing. The WalletConnect logo is as iconic to onchain connectivity as the Visa logo is to payments. As billions in value flow through the WalletConnect network annually.

WCT plays a crucial role in this mission, WCT will allow for fees, rewards, staking and governance on the WalletConnect Network and ensures that the community, wallets and apps have their say in the future of onchain.

Why This Matters

The transferability of WCT represents more than just a technical milestone, it’s a move to decentralize the core infrastructure that powers interactions and connectivity across the onchain economy. Transferability allows anyone, anywhere, to acquire WCT, enabling broader participation in governance and helping shift power from a central entity to a distributed network of contributors and users that are shaping the onchain future.

Until now, the WCT token was non-transferable by design. It was carefully distributed through an eligibility framework that rewarded long-term supporters, partners, and contributors, ensuring alignment between those who built the protocol and those who would eventually help govern it and use it.

This cautious and strategic approach is essential for critical infrastructure.The transition to transferability was never about speed it was about doing it right.

The Criteria for Transferability

The WalletConnect Foundation laid out clear, thoughtful criteria that needed to be met before enabling WCT transferability. These included:

• Certifying at least 16 Wallets as part of the WalletConnect Certified program.
• Achieving at least 100M WCT tokens on the staking pool.
• Onboarding at least 16 Node Operators to the WalletConnect Network.
• Staking has been live for at least 12 weeks on Mainnet since TGE.
• Open-sourcing WCN source code.

The last of the milestones, open-sourcing the Walletconnect source code took place on April 7th, 2025.

The availability of the WalletConnect Token (WCT) on major centralized exchanges like Binance, OKX and many more reflects the growing recognition of the role of WalletConnect in the infrastructure of web3. By enabling secure, permissionless connections between wallets and apps, WalletConnect has become a core part of how users interact with decentralized networks. The token’s broader availability enhances this infrastructure by making participation in the network more open and distributed.

The WalletConnect global community will continue to grow. When more users, developers, and contributors can participate in the ecosystem on their own terms, we move closer to the ideals of user ownership and protocol autonomy. It also strengthens WalletConnect’s core value of remaining a neutral, permissionless layer that any project or user can build on or connect to.

What’s Next for WalletConnect — and Why It Matters for the Ecosystem

Enabling transferability is not the end, it’s a beginning. Transferability means more than just liquidity. It means governance participation. It means developer alignment. And it means a stronger, more resilient protocol secured by third part node provider such as Sensei, Quantnode, Nodemonster, Nansen, Luganodes, Ledger, Kiln, Hextrust, Figment, Everstake, Cryptomind, Consensys, Chainsafe, Arc and 1kx.

---

Get the news in your inbox. Explore Blockworks newsletters:

• The Breakdown: Decoding crypto and the markets. Daily.
• 0xResearch: Alpha in your inbox. Think like an analyst.