<figure class="wp-block-table">
 <table class="has-fixed-layout">
 <tbody>
 <tr>
 <td>Key Points: - 24M $WCT airdropped to 125K users, 60% staked within weeks. - 127M+ $WCT staked across 286K+ wallets powers governance and rewards. - UX Council vote passed with 96.1% approval from 5,755 $WCT voters.</td>
 </tr>
 </tbody>
 </table>
</figure>
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/04/image-25-1.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2025/04/image-25-1-1024x571.jpg" alt="WalletConnect Simply Proves Itself by the Numbers"></a>
 <figcaption>
 </figcaption>
</figure>
Launched in November 2024, WalletConnect’s Season 1 airdrop rewarded 125,000+ users, developers, and contributors with 24 million WCT, of which over 60% was staked within weeks.
Staking, which is required for voting, submitting proposals, and receiving rewards, has surpassed 127M WCT across 286,500+ wallets. February’s UX Council vote marked a governance milestone, with 96.1% approval from 5,755 voters shaping product feedback and upgrades.
Interactive campaigns with Ledger, OKX, and other partners continue to drive engagement as WalletConnect progresses through its multi-phase DAO roadmap, transitioning protocol control to its growing global community.
<h2 class="wp-block-heading" id="strong-season-1-airdrop-scoring-claiming-and-eligibility-strong">Season 1 Airdrop: Scoring, Claiming, and Eligibility</h2>
In November 2024, the WalletConnect Foundation initiated Season 1 of the WCT airdrop, marking the protocol’s first major community distribution of governance tokens.
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/04/image-24.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2025/04/image-24-1024x536.jpg" alt="WalletConnect Airdrop Overview"></a>
 <figcaption>
 WalletConnect Season 1 Airdrop Overview. Source: <a href="https://walletconnect.network/blog/walletconnect-ecosystem-edit-year-in-review" rel="noopener noreferrer nofollow">WaIletConnect Ecosystem Edit First Edition: Year in review</a>
 </figcaption>
</figure>
The distribution followed a merit-based model, targeting various contributors:
<ul>
 <li>Users who had previously connected wallets using WalletConnect</li>
 <li>Wallet and application developers generating transaction volume</li>
 <li>Open-source contributors via GitHub and Gitcoin</li>
 <li>Verified early supporters, filtered for Sybil resistance</li>
</ul>
Airdrop Summary:
<ul>
 <li>125,000+ claimants</li>
 <li>24 million+ WCT distributed</li>
 <li>Over 60% of claimed tokens staked within several weeks</li>
 <li>Claim deadline: January 3, 2025</li>
</ul>
This distribution established the foundation for decentralized governance, aligning token distribution with long-term engagement.
<h2 class="wp-block-heading" id="strong-walletconnect-staking-system-explained-strong">WalletConnect Staking System Explained</h2>
Staking is a central feature in WalletConnect, serving multiple functions: network security, reward distribution, and governance participation.
Staking Mechanism:
<ul>
 <li>Durations: 1 to 104 weeks (2 years max)</li>
 <li>Longer lock-ups yield higher rewards</li>
 <li>7-day unbonding period upon expiration</li>
 <li>Optional auto-locking for uninterrupted staking</li>
</ul>
As of March 2025:
<ul>
 <li>127.4 million WCT staked</li>
 <li>Over 286,500 individual WCT holders</li>
 <li>Staking is required for submitting or voting on governance proposals, as well as receiving ecosystem rewards</li>
</ul>
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/04/image-24.png" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2025/04/image-24-1024x576.png" alt="WalletConnect Token Milestone"></a>
 <figcaption>
 WalletConnect Token Milestone. Source: <a href="https://walletconnect.network/blog/walletconnect-ecosystem-edit-3" rel="noopener noreferrer nofollow">WalletConnect Ecosystem Edit Third Edition</a>
 </figcaption>
</figure>
This structure fosters long-term alignment between stakeholders and the WalletConnect protocol.
<h2 class="wp-block-heading" id="strong-ux-council-vote-snapshot-participation-strong">UX Council Vote &amp; Snapshot Participation</h2>
In February 2025, the WalletConnect community engaged in a major governance event: voting on the establishment of a User Experience (UX) Council.
Voting Results:
<ul>
 <li>5,755 voters participated</li>
 <li>2,051,393 stake-weighted votes cast</li>
 <li>96.1% voted YES, approving the Council</li>
</ul>
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/04/image-25.jpg" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2025/04/image-25-1024x536.jpg" alt=""></a>
 <figcaption>
 UX Council Governance Vote Results. Source: <a href="https://walletconnect.network/blog/walletconnect-ecosystem-edit-3" rel="noopener noreferrer nofollow">WalletConnect Ecosystem Edit Third Edition</a>
 </figcaption>
</figure>
The UX Council is now responsible for defining product standards, shaping upgrades, and facilitating feedback collection.
Governance activities are coordinated through:
<ul>
 <li>Snapshot for token-weighted voting</li>
 <li>Discourse for proposal discussions</li>
 <li>WCT staking as a prerequisite for participation</li>
</ul>
<h2 class="wp-block-heading" id="strong-questing-campaigns-with-ledger-okx-and-more-strong">Questing Campaigns with Ledger, OKX, and More</h2>
To incentivize ongoing engagement, WalletConnect launched multiple interactive campaigns targeting both new and returning users:
<ul>
 <li>Ledger collaboration: Airdropped WCT to Ledger users</li>
 <li>OKX Cryptopedia S30 Quests: Distributed tokens for completing app tasks</li>
 <li>Community quests: Recurring events rewarding power users for sustained activity</li>
</ul>
These campaigns aim to:
<ol>
 <li>Broaden user participation</li>
 <li>Drive interaction with integrated dApps</li>
 <li>Ensure WCT reaches real, active participants</li>
</ol>
<h2 class="wp-block-heading" id="strong-the-road-to-dao-governance-phases-and-community-role-strong">The Road to DAO: Governance Phases and Community Role</h2>
WalletConnect is in the midst of a multi-phase roadmap to transition control from the Foundation to a fully decentralized DAO structure.
<figure class="wp-block-image aligncenter size-large"><a href="https://coincu.com/wp-content/uploads/2025/04/image-23.png" rel="noopener noreferrer nofollow"><img src="https://coincu.com/wp-content/uploads/2025/04/image-23-1024x610.png" alt="WalletConnect Roadmap"></a>
 <figcaption>
 WalletConnect Roadmap. Source: <a href="https://whitepaper.walletconnect.network/WalletConnect%20Whitepaper.pdf" rel="noopener noreferrer nofollow">whitepaper.waIletconnect.network</a>
 </figcaption>
</figure>
Governance Roadmap:
<ol>
 <li>Phase 1 – Foundation and Reown manage operations</li>
 <li>Phase 2 – Establishment of Councils (UX, Tech, Partnerships)</li>
 <li>Phase 3 – Community begins submitting proposals</li>
 <li>Phase 4 – Council-led technical decisions</li>
 <li>Phase 5 – Full control over budget, upgrades, elections</li>
</ol>
Progression between phases is determined by on-chain governance. By staking WCT, holders gain direct voting rights over:
<ul>
 <li>Protocol upgrades</li>
 <li>Reward distributions</li>
 <li>Fee structures</li>
 <li>Strategic development decisions</li>
</ul>
<figure class="wp-block-table">
 <table class="has-fixed-layout">
 <tbody>
 <tr>
 <td>DISCLAIMER:&nbsp;The information on this&nbsp;<a href="https://coincu.com/" rel="noopener noreferrer nofollow">website</a>&nbsp;is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</td>
 </tr>
 </tbody>
 </table>
</figure> <a href="https://coincu.com/?p=332034" rel="noopener noreferrer nofollow">Read original article on coincu.com</a>

WalletConnect Simply Proves Itself by the Numbers

Table of Contents

Coincu

Other articles published on Apr 14, 2025

Join our free newsletter for daily crypto updates!