WalletConnect token expands to Solana with 5 million WCT set for airdrop

WalletConnect, a protocol that connects crypto wallets to apps, has launched its WCT token on Solana — its third chain after Optimism's OP Mainnet and Ethereum — along with an airdrop of 5 million tokens set for active Solana users.

The Solana expansion uses Wormhole's native token transfers (NTT) framework, allowing WCT to move natively — not as a wrapped token — across all three supported chains. The Solana launch comes less than a month after WCT went live on Ethereum, also via NTT, following its original debut on Optimism's OP Mainnet.

To support the launch, the WalletConnect Foundation said it will airdrop 5 million WCT to active Solana users through partners including Phantom, Jupiter, Backpack, and Solflare. The 5 million tokens are part of the 185 million WCT the foundation earmarked for airdrops last September, founder and director Pedro Gomes told The Block. This will be the second major WCT airdrop, following the 50 million tokens distributed to the WalletConnect community in the first season last November, the foundation said.

WCT is currently trading at around $0.60, valuing the airdrop for Solana users at about $3 million, according to The Block's WCT price page.

Airdrop claims for Solana users will open this summer, with eligibility criteria, distribution timelines, and claiming instructions to be announced in the coming weeks, Gomes said.

WCT launches on Solana

Launching WCT on Solana gives users faster and cheaper transactions and makes WalletConnect easier to use across Solana apps, Gomes said. "It will eventually open new governance opportunities and further connect WalletConnect to one of the most vibrant onchain communities," he added. Currently, WCT staking and governance are available only on Optimism's OP Mainnet.

WCT is expected to start trading on Solana decentralized exchanges soon, and users will be able to move tokens via Wormhole's Portal Bridge once support goes live, Gomes said.

Notably, Solana apps like Backpack, Drift, Kamino, and Marinade already use Reown's AppKit — a software development kit built on top of the WalletConnect protocol. While many Solana projects have integrated the AppKit to enable WalletConnect connectivity, the Wormhole NTT integration now allows these apps to also support the WCT token directly, including listing, trading, and eventually staking and governance features, Gomes said. Reown, formerly known as WalletConnect Inc., is the core team behind both the protocol and its developer tools.

The expansion to Ethereum and Solana does not affect WCT's total supply, which remains unchanged. Gomes said WalletConnect used Wormhole's "burn-and-mint" model for both deployments, where tokens are burned on the source chain and minted on the destination chain — keeping supply consistent across networks.

WalletConnect is also planning to expand WCT to more chains in the future. Gomes said the team is actively working with several networks in the Optimism Superchain ecosystem and is prioritizing chains with a strong focus on wallet user experience and onchain content. "We want to go where the builders and users are," he said.