WalletConnect has officially made its WCT token transferable, marking a significant advancement in its decentralization plan. This move aims to foster a more open and community-driven onchain economy. The WCT token, integral to WalletConnect, enables fees, rewards, staking, and governance, allowing users to have a say in the protocol's future. Prior to this, WCT was non-transferable, distributed carefully to long-term supporters and contributors. The transition criteria included certifying wallets, achieving a specific number of tokens in the staking pool, and onboarding node operators, culminating in the open-sourcing of its code on April 7, 2025. The availability of WCT on major exchanges signifies its growing importance in web3 infrastructure. This transferability is expected to enhance governance participation and developer collaboration, strengthening WalletConnect as a neutral platform.

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