WalletConnect Network

WalletConnect Network is the open-source connectivity protocol that has served as foundational Web3 infrastructure since 2018, enabling encrypted sessions between cryptocurrency wallets and decentralized applications. Originally centered on Ethereum, the protocol now spans more than 100 blockchains including Solana, Bitcoin, and EVM chains, with over 700 wallet integrations and roughly 6 billion USD in stablecoin flows processed weekly as of mid-2026. WalletConnect establishes end-to-end encrypted communication channels between a user wallet and a dApp. When a user initiates a connection by scanning a QR code or clicking a deep link, a session is created through the WalletConnect relay network, an infrastructure layer that routes encrypted messages without ever holding private keys or user funds. Sessions persist across platforms using Link Mode via Universal Links, reducing friction without sacrificing security. The protocol ships two core SDKs: AppKit (formerly Web3Modal) gives application developers a drop-in component surfacing wallet connections, email and social login, token swaps via 1Inch, fiat on-ramps via Coinbase, and cross-chain messaging; WalletKit (formerly Web3Wallet) provides the corresponding integration for wallet developers. WalletConnect expanded to Solana in September 2024 when Reown, the developer company behind the protocol, launched the Solana AppKit. Among the first integrators were Jupiter (DEX aggregator), Marinade Finance (liquid staking), Drift Protocol (perpetuals), Kamino (yield), Backpack (wallet), and Solayer (restaking). The AppKit supports React, Vue, JavaScript, and Next.js. In 2025 the WCT token launched on Solana as its third chain after Ethereum and Optimism, bridged via Wormhole Native Token Transfers (NTT) so WCT circulates as a native Solana token rather than a wrapped asset. A 5 million WCT airdrop was distributed to active Solana users through Phantom, Jupiter, Backpack, and Solflare. By 2024 the network had facilitated 179 million wallet-to-app connections serving 4.1 million unique active wallets. Annual transaction volume is approaching 400 billion USD, with weekly stablecoin flows reaching 6.26 billion USD (USDC leading) as of August 2026. WalletConnect Pay extends the protocol into a global crypto payment rail for merchants with SOC 2 compliance, sanctions screening, Travel Rule readiness, and an APM-style merchant integration path; a partnership with Ingenico launched in early 2026. WCT is the governance and utility token of the WalletConnect Network with a fixed supply of 1 billion tokens: WalletConnect Foundation (27%), community airdrops (18.5%), staking rewards (17.5%), team (7%), and backers and strategic partners (remainder). Staking launched December 19, 2024 with flexible lock periods from one week to two years. On-chain governance allowing WCT holders to propose and vote on protocol upgrades, fee structures, and network parameters was targeted for Q2 2025 with full decentralization expected through 2026. WCT multi-chain deployment via Wormhole NTT maintains a unified token supply rather than fragmented wrapped versions across chains. WalletConnect was founded in 2018 by Pedro Gomes. Protocol governance is stewarded by the WalletConnect Foundation, which holds 27% of the token supply for long-term development. The developer-facing company was rebranded as Reown while the network protocol and token retain the WalletConnect name. The relay network applies end-to-end encryption throughout every session; WalletConnect infrastructure never accesses user keys or transaction contents. The Verify API enables dApps to attest domain authenticity and alert users to spoofed frontends. The payments infrastructure maintains SOC 2 compliance with multi-region redundancy.