Coin overview
WCT
Ended--
Last price (USDT)
656.34K
24h total (USDT)
4.03M
Total vol (USDT)
2025-02-19 03:00:00 ~ 2025-04-15 10:30:00
Trading time (UTC+0)
2025-04-15 12:00:00 ~ 2025-04-15 16:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
WalletConnect is the connectivity network shaping the future of onchain UX. If you’ve connected to a Web3 app, you’ve seen WalletConnect. That blue logo? It’s everywhere—an icon of trust in crypto, as recognizable as Visa at checkout. From DeFi to NFTs, swaps to staking, WalletConnect is the backbone of connectivity in the onchain economy—seamlessly bridging wallets, apps, and blockchains. The numbers speak for themselves: Over 275 million connections and 45 million users worldwide have trusted WalletConnect to power their Web3 experience. And now, with the launch of the WalletConnect Token, the network is taking the next step—paving the way for a fully decentralized, permissionless and community owned future of connectivity.
WalletConnect Announces New Governance Tools and Incentives
Key Points: WalletConnect introduces governance tools to enhance decentralization. Incentives include a significant airdrop. ETH and SOL networks to benefit directly. WalletConnect Announces New Governance Tools and Incentives Pedro Gomes, the CEO of WalletConnect, has announced the upcoming launch of new governance tools and incentives set for Q2 2025, impacting cryptocurrencies like ETH and SOL globally. WalletConnect’s new governance tools aim to enable decentralization, enhancing user participation and protocol transparency. This development is expected to significantly alter user engagement and market dynamics. The WalletConnect Foundation, led by Pedro Gomes, is implementing on-chain governance and new incentives. Tools are being introduced to encourage community engagement, with a focus on increasing transparency. A major airdrop of WalletConnect Tokens (WCT) is planned. Pedro Gomes, Founder & CEO, WalletConnect, said, “This streamlines crypto payments, potentially boosting Web3 adoption” ( Blockchain.News ). Pedro Gomes has teased advancements, including an improved checkout system which promises to streamline crypto payments. Such enhancements could boost Web3 adoption, impacting ETH and SOL-connected applications. Gomes’ announcements have been lively, suggesting strong user interest. Financial markets might experience fluctuations due to the multi-chain expansion, specifically affecting tokens integrated with WalletConnect. Liquidity shifts could occur in decentralized finance (DeFi) apps that leverage WalletConnect protocols. Institutional backing remains implied but unstated. The forthcoming governance tools could lead to wider integration across blockchain platforms. Historical trends from similar announcements suggest increased usage and potential speculative trading in governance tokens. Developer discussions highlight focus areas like scalability and security. Pedro Gomes’ track record as a Web3 innovator suggests further technological outcomes as WalletConnect evolves. The emphasis on protocol transparency, combined with planned integrations, underscores WalletConnect’s influence on the current crypto landscape with a roadmap that includes on-chain governance by Q2 2025 .
WalletConnect Token Airdrop Fuels Market Volatility
Key Points: WCT soared from $0.35 to above $1.3 last month. Price corrected to $0.85 by June 1, with high volumes. Impacted assets include WCT and Solana ecosystem. WalletConnect Token Airdrop Fuels Market Volatility WalletConnect Token (WCT) saw significant price movements following an airdrop announcement by its managing foundation. The event unfolded during the Solana Accelerate event in late May 2025, drawing increased market attention. This development highlights cryptocurrency market volatility, fueled by airdrop announcements, creating speculative trading surges and subsequent corrections. Main Content The WalletConnect Foundation announced a Solana-based airdrop during the Solana Accelerate event in May 2025. Under Pedro Gomes, key plans involved cross-chain expansions and token distributions. This airdrop promised rewards to real Solana network participants. “The goal is to identify real users, those already building, staking, and transacting on Solana. […] This follows the success of the 2024 token claim, which saw 50 million WCT distributed to early contributors across the WalletConnect ecosystem, previously in the Optimism and Ethereum ecosystems.” WCT experienced a significant price increase from the airdrop anticipation, shooting from $0.35 to over $1.30. Significant trading volumes accompanied this surge, driven by interest in Solana ecosystem assets. The announcement affected market dynamics significantly. Immediate reactions saw WCT’s price climb before a 46% correction due to profit-taking. Solana projects like Jupiter and Phantom noted increased activity. Financial and market implications include increased volatility and trading activity. WalletConnect protocols reported extensive adoption metrics, hinting at broad user engagement. This volatility shaped short-term trading strategies. Historical Trends Historical trends suggest airdrops often spark similar market movements. Insights from 2024’s airdrop showcase potential long-term value for participants. Speculative trading activity around WCT signals ongoing altcoin interest during this period. External link: Coincodex TikTok
WCT Contracts on Major CEX Reach Extreme Negative Funding Rates, 4-Hour Liquidation Volume Surpasses Bitcoin
Market information: WCT has dropped from $1.37 to $0.8 in the past 2 hours, a decline of over 40% in 2 hours. According to Coinglass data, the WCT contract on major CEXs has reached the limit negative funding rate, with most platforms reporting a funding rate of -2%. Currently, the 24-hour trading volume of WCT contracts across the network is as high as $3.4 billion, with a total contract open interest of $196 million. In the past 4 hours, WCT contracts have seen liquidations of $4.8 million, surpassing Bitcoin's $510,000 and Ethereum's $1.29 million in liquidation volume.
WCT briefly accelerates to fall below $1, dropping over 26% in one hour
According to a report by Jinse Finance, market data shows that WCT experienced a rapid decline, dropping from $1.37 to below $1 within an hour, currently priced at $1.01, marking a 26% decrease in one hour. The market is highly volatile, so please ensure proper risk management. Previously, according to monitoring by ai_9684xtpa, address 0x19F...cCA67 received 2.5 million WCT from the WalletConnect project's multi-signature address and transferred them to a CEX, valued at $2.34 million. This address also received 2.5 million tokens during the token TGE a month ago, and tracing the funds back may be related to Arrington Capital, but it is unclear whether the tokens will be used for market making or selling.
WCT rises above 1 USDT with a 24H increase of 13.55%
Market data shows that WCT has risen above 1 USDT, currently reported at 1.0766 USDT, with a 24-hour increase of 13.55%.
WalletConnect Token rallies 11% as Jupiter stakers added to WCT airdrop list
WCT jumped 11% following news that Jupiter stakers will be eligible for a token claim tied to WalletConnect’s Solana expansion. WalletConnect Token ( WCT ) jumped on Thursday as buzz spread about an upcoming airdrop tied to Solana ( SOL ), and some Jupiter stakers are now on the list. Following the news, the price of WCT rose 11.6% and is trading at $1.06, according to data from CoinGecko. The token has gained 276.8% over the past month, rising from $0.2814 on April 15. The price rally followed growing anticipation around WCT’s expansion to Solana. At the Solana Accelerate event, WalletConnect Foundation founder Pedro Gomes said the token would go live on the network later this month via Wormhole’s Native Token Transfers standard. Airdrop details haven’t been finalized yet, but the WalletConnect Foundation has confirmed that a 5 million WCT claim will be available for Solana users, with Jupiter, Phantom, Backpack, and Solflare helping identify eligible users and distribute tokens. “The goal is to identify real users, those already building, staking, and transacting on Solana. […] This follows the success of the 2024 token claim, which saw 50 million WCT distributed to early contributors across the WalletConnect ecosystem, previously in the Optimism and Ethereum ecosystems.” WalletConnect Foundation Despite the announcement, eligibility details and claim timelines are expected to be announced soon. With the launch on Solana, WCT becomes a multichain token after its earlier deployments on Ethereum and Optimism.
WalletConnect Launches WCT on Solana with $3 Million Airdrop
WCT token now available on the Solana blockchain Airdrop will distribute 5 million WCT tokens WCT enables cross-chain governance and staking The WCT token Wallet Connect has officially launched on the Solana blockchain, expanding its presence after previous implementations on Ethereum and Optimism’s OP Mainnet. The initiative comes with the distribution of 5 million tokens via an airdrop targeted at active users of the Solana ecosystem, highlighting wallets and applications such as Phantom, Jupiter, Backpack and Solflare. The expansion to Solana is made possible by the use of Wormhole’s Native Token Transfer (NTT) framework. This technology allows WCT to be moved between Ethereum, OP Mainnet, and Solana without becoming a wrapped token, maintaining its native nature across all supported blockchains. Based on the current price of approximately $0,60 per unit, the estimated value of the airdrop is over $3 million. These 5 million tokens are part of a fund of 185 million WCT reserved for community distribution, as detailed by founder Pedro Gomes. The eligibility schedule and instructions for claiming the airdrop are expected to be released in the coming weeks. The arrival of WCT on Solana provides faster and more cost-effective transactions for users, in addition to facilitating the integration of the WalletConnect protocol into ecosystem applications. The expectation is that this expansion will encourage the use of features such as staking and governance, initially only available on the OP Mainnet, also on the new network. Solana apps that already integrate with Reown’s AppKit — a company formerly known as WalletConnect Inc. — include platforms such as Backpack, Drift, Kamino, and Marinade. With the new NTT infrastructure, these apps will be able to fully support WCT, including trading, listing, and staking functions. The issuance of WCT on Solana followed Wormhole’s “burn and mint” model, keeping the total supply of tokens unchanged. Pedro Gomes reinforced that future expansions should prioritize networks with a focus on user experience and wallet integration, especially within the Optimism Superchain ecosystem. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: WCT
WalletConnect Launches WCT Token Airdrop on Solana Blockchain
What to Know: WalletConnect launches WCT token and airdrop on Solana blockchain. 5 million tokens allocated for Solana users. Utilizes Wormhole’s Native Token Transfers framework. WalletConnect Launches WCT Token Airdrop on Solana Blockchain WalletConnect Launches WCT Token Airdrop on Solana Blockchain WalletConnect has launched its WCT token on the Solana blockchain with a 5 million token airdrop beginning May 23, 2025. This integration aims to enhance cross-chain liquidity, impacting the DeFi and NFT sectors on Solana. Sections WalletConnect Airdrops 5 Million WCT Tokens WalletConnect’s latest step includes a substantial 5 million token airdrop, expanding its efforts beyond previous deployments involving Ethereum and Optimism. According to Pedro Gomes, Founder and Director, WalletConnect, “The 5 million tokens are part of the 185 million WCT allocated for airdrops since September.” The WalletConnect Foundation, along with partners such as Phantom and Jupiter, facilitates this airdrop for eligible Solana users, aiming to strengthen cross-chain interoperability and market receptivity. $3 Million in Tokens Bolsters Solana Ecosystem The introduction of WCT on Solana is likely to influence market dynamics and liquidity flow, distributing $3 million to enhance user access within the ecosystem. Solana’s appeal is supported by its high throughput and low-cost transactions, making it an attractive option for DeFi and NFT projects. Previous Ethereum Airdrop Sets Precedent This rollout follows a previous large-scale airdrop on Ethereum, underlining WalletConnect’s strategic focus on multichain interoperability. Such expansion could prompt further industry collaborations . Experts suggest a favorable outcome is likely, driven by the platform’s consistent growth and previous successes, further reinforcing WalletConnect’s position as a key player in the Web3 infrastructure. Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
WalletConnect Expands to Solana, Launches 5M Token Airdrop
What to Know: WalletConnect’s integration with Solana includes a 5 million token airdrop. Enhances cross-chain compatibility significantly across blockchain ecosystems. Impacts Solana’s ecosystem by injecting $3 million in value. WalletConnect Expands to Solana, Launches 5M Token Airdrop WalletConnect has announced its expansion into the Solana blockchain by launching a 5 million WCT token airdrop to Solana users, enhancing cross-chain interoperability. This initiative strengthens Solana’s ecosystem, potentially increasing liquidity and adoption. Community and industry responses highlight its role in multi-chain strategies. WalletConnect Airdrop: 5 Million Tokens for Solana Users WalletConnect’s recent expansion to Solana involves a strategic token airdrop. Led by Pedro Gomes, the expansion includes distributing 5 million WCT tokens to active Solana users. Various Solana partners, such as Phantom wallet and Solflare, will facilitate this integration. Airdrop beneficiaries include active users, reflecting a methodical approach to broadening the token ecosystem. Pedro Gomes, Founder and Director, WalletConnect Foundation, said, “The strategic importance of expanding to Solana cannot be overstated, as it significantly enhances cross-chain interoperability.” $3 Million Airdrop to Boost Solana Liquidity and Trading The airdrop injects approximately $3 million into the Solana market, potentially boosting trading volumes on Solana-based exchanges. Active Solana users benefit from receiving these tokens. Financial implications include enhanced liquidity and interoperability across Ethereum, Optimism, and Solana. The move aligns with multi-chain strategies, resonating positively with industry trends. Third Major Blockchain Integration for WalletConnect Tokens This is the third major blockchain integration for WCT, following similar launches on Ethereum and Optimism. Prior distributions, like the 50 million WCT airdrop, set precedents for this strategy. Experts suggest the expansion could position WalletConnect as a standard interface, facilitating seamless interactions across different blockchain ecosystems. Historical trends point to increased network security and participation. Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
WalletConnect Token Expands to Solana and Will Airdrop 5 Million WCT
Following the launch of Ethereum and Optimism's OP mainnet, WalletConnect's WCT token has been launched on Solana. The WalletConnect Foundation will airdrop 5 million WCT to active Solana users through partners such as Phantom, Jupiter, Backpack, and Solflare. Founder and director Pedro Gomes stated that these 5 million tokens are part of the 185 million WCT airdrop reserved by the foundation last September. The foundation mentioned that this will be the second large-scale WCT airdrop, following the distribution of 50 million tokens to the WalletConnect community in the first quarter of last year. The airdrop claim for Solana users will open this summer, with eligibility criteria, distribution schedule, and claim instructions to be announced in the coming weeks. WCT is currently trading at approximately $0.60, making the airdrop worth about $3 million at current value.
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.
Farcaster Introduces Frames v2 for Enhanced Staking Capability
What to Know: Farcaster enhances its ecosystem with Frames v2, impacting Ethereum, WCT. Developer interest grows with interactive features and staking options. Frames v2 launch could drive further Web3 protocol adoption. Farcaster Launches Frames v2 with Ethereum and WCT Integration Farcaster launched Frames v2 on November 25, 2024, boosting ecosystem features with Ethereum and WCT integrations. The event is significant for increasing developer interest and transaction volume, marking a key moment for decentralized protocol advancement. Farcaster Elevates Staking with Frames v2 Release Farcaster has introduced Frames v2, enhancing the platform’s interactive and staking features. These changes follow public discussions by co-founder Dan Romero, aiming to solidify Frames as a core part of their ecosystem. Dan Romero, in an interview, stated, “These new features are designed to make Frames an essential part of the Farcaster ecosystem.” source Key figures like Pedro Gomes are instrumental in these changes, focusing on new integrations, especially the direct staking of WCT, which marks a shift in the utility and liquidity of tokens. Pedro Gomes announced the WCT staking integration on May 21, 2025, boosting Web3 token utility and trading options source Frames v2 Spurs Ethereum Transaction Spike by 5% The Frames v2 launch has increased Ether and related altcoin activity, as observed by a 5% spike in transactions on the Base network. This reflects a positive response from both investors and developers. Financially, the enhancement of WCT staking utility has led to increased liquidity, highlighting the collaborative efforts between Farcaster and Web3 projects like Basepaint and Zora, pushing for broader adoption. Frames v2 Parallels Web3 Upgrades, Boosts Engagement Farcaster’s introduction of Frames v2 has analogies with previous upgrades within the Web3 space, such as Lens Protocol. These precedents have shown increased engagement and application development as a result of such technological moves. Analyzing past upgrades, the likelihood of increased developer participation and ecosystem engagement is high, setting a precedent for continued innovation and integration in decentralized applications. Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future of AI Agents: Founder
Decentralized communication protocol WalletConnect is embarking on the next phase of its growth with Smart Sessions, a new standard that will “redefine” wallet UX for the AI-powered future of the internet. In a new blog post, WalletConnect Foundation founder Pedro Gomes outlined his vision for a “seamless, intelligent onchain world” powered by AI agents communicating through Smart Sessions. “Smart Sessions aren't just a UX upgrade,” Gomes wrote, explaining that they “fundamentally reshape the economic dynamics of WalletConnect.” Instead of “endless wallet popups,” Smart Sessions users simply connect once, setting clear rules for wallet interactions in natural language and delegating permission to an app—“or, increasingly, to an AI agent to transact on their behalf,” Gomes said. WalletConnect claims to have enabled over 300 million “seamless, secure connections” for more than 45 million users worldwide, connecting an ecosystem of 700 wallets and 63,000 apps. AI agents are set to fuel explosive growth in the ecosystem, empowering functions including automated trading strategies, autonomous onchain games, subscription payments and real-time asset management. AI agents, Gomes wrote, will become “first-class citizens” in this model—albeit operating within clearly defined parameters set by the user using Smart Sessions. Using Smart Sessions, AI agents will also generate new streams of onchain activity, paving the way for greater utility for WalletConnect’s WCT token. Already used for staking and governance on the network, WCT will be used to pay transaction fees—which will scale as more AI agents come online. “The more autonomous agents transact, the greater the anticipated demand” for the WCT token, Gomes explained. A bite of the Apple The crypto ecosystem is set to receive a big boost from recent changes to Apple’s App Store policies, after the EU mandated that the multinational electronics giant open up its App Store to third-party payment providers. A new bill passing through the U.S. Congress would place similar requirements upon Apple. The opening up of Apple’s App Store will afford Web3 apps and wallets “more freedom to guide users toward decentralized payment options, external wallets, and onchain transactions,” Gomes wrote—enabling mobile-first crypto experiences to “scale to their full potential.” WalletConnect’s Smart Sessions will form a “critical” part of this infrastructure as they evolve into “Automated Onchain Actions,” Gomes said—powering “seamless, trusted interactions” between users, decentralized apps and AI agents. Speaking to Decrypt earlier this year, Gomes outlined his long-term vision for Smart Sessions, explaining that they will “change not just how wallets work, but how we interact with dapps." Ultimately, he said, crypto wallets leveraging WalletConnect’s infrastructure will have a “persistent connection that protects you from any malicious activity, and it just happens magically in the background.” Sponsored post by WalletConnect Learn More about partnering with Decrypt.
FIFA migrates from Algorand to new EVM-compatible blockchain for NFTs
Key Takeaways FIFA Collect platform will transition to an EVM-compatible blockchain. Algorand-based wallets will not be supported post-migration, with MetaMask and WalletConnect compatibility introduced. Share this article FIFA Collect, a digital platform created by the Fédération Internationale de Football Association (FIFA) that allows football fans to collect, trade, and enjoy digital collectibles featuring iconic moments from football history, announced today it will migrate its NFT platform to a new EVM-compatible FIFA blockchain. The transition, scheduled to begin no earlier than May 20, aims to support enhanced performance, future features, and improved scalability for the platform’s digital collectibles ecosystem. According to FIFA, this change will not affect users’ access to their accounts or existing digital collectibles. All assets will remain fully secure and accessible throughout and after the migration process. The upgrade will bring changes to wallet compatibility, with Algorand-based wallets like Pera and Defly no longer supported post-migration. Users will instead be able to connect using MetaMask or other EVM-compatible wallets that support WalletConnect. “The FIFA Blockchain was created to support new experiences, enable wallet compatibility, and provide stronger foundations for future innovation,” FIFA stated in its migration FAQ document. Users who have exported collectibles must reimport them before the migration date to ensure inclusion in the automatic transfer process. After the cut-off date, manual migrations will require additional verification. USDC balances will remain available for spending until the migration date and can be withdrawn, but not spent, after the transition. Listed collectibles will automatically transfer to the new platform unless users delist them before the migration. FIFA’s year-long partnership with Algorand In May 2022, FIFA announced a strategic collaboration with Algorand, naming it the official blockchain partner of the organization. As part of the agreement, Algorand provided a blockchain-supported wallet solution and played a key role in shaping FIFA’s digital asset strategy. Through this collaboration, FIFA explored blockchain-driven innovations such as non-fungible tokens (NFTs) and digital wallets, with a focus on transparency, sustainability, and revenue growth. The partnership led to the launch of FIFA Collect later in 2022. Powered by Algorand, the NFT platform enables fans to collect and engage with iconic football moments in digital form. ALGO, Algorand’s native asset, dropped 3% to $0.2213 on Binance following the news. Share this article
FIFA moves towards its own blockchain, leaving Algorand behind
FIFA, the international football governing body, is taking a significant step in its Web3 journey by announcing a new blockchain network compatible with the Ethereum Virtual Machine (EVM). The update, published on April 30 via the FIFA Collect FAQ, outlines plans to migrate the football body’s NFT collection platform, FIFA Collect, from the Algorand network to the upcoming proprietary blockchain. FIFA stated: “After the migration, Pera, Defly, and other Algorand-based wallets will no longer be supported. You’ll instead be able to connect to FIFA Collect using MetaMask or any EVM wallet that supports WalletConnect.” FIFA has yet to confirm a fixed launch date but assured users that further details will be released soon. However, the migration is tentatively scheduled for no earlier than May 20. FIFA Collect allows football fans to engage with the sport through digital items tied to tournaments and exclusive real-world experiences. The platform also functions as a marketplace, and recent updates introduced new collectible bundles that offer tangible perks, including VIP access to select football events. FIFA’s EVM-compatible blockchain FIFA’s decision to adopt an EVM-compatible chain reflects a broader strategy to embrace decentralized technology and increase cross-network flexibility. According to FIFA, the initiative is a step toward enabling wallet interoperability and creating space for future innovation in digital fan engagement. It continued that the upcoming platform will benefit from greater compatibility with major blockchain ecosystems and improved user functionality. In addition, the new blockchain will offer faster performance, support for future feature rollouts, and a more scalable foundation for ongoing development. FIFA also stated that the overall user experience of its upcoming blockchain platform will remain familiar, and users can expect gradual enhancements as new tools and options are introduced. Meanwhile, FIFA said it would share more technical details about the impending blockchain network soon. The post FIFA moves towards its own blockchain, leaving Algorand behind appeared first on CryptoSlate.
Payments and AI: Key Drivers for the Next Wave of Crypto Adoption, Report Finds
A recent report from Reown reveals that the on-chain ecosystem is maturing, with users expanding their engagement beyond trading activities. Many believe that payments and artificial intelligence (AI) will be crucial in driving the wider adoption of on-chain technology. Despite optimism about crypto’s future, challenges such as fees, security, and interoperability persist. The Future of Crypto Adoption Reown shared its report, “The State of Onchain UX,” with BeInCrypto. It draws from a survey of 1,038 active crypto users in the US and UK, conducted between February 19 and February 26, 2025. The findings show that 37% of users believe payments, including stablecoins and remittances, will drive mass adoption. The report also notes a rise in stablecoin usage, from 20% last year to 37% this year. Crypto wallet usage has also gained traction. Reown observed that in 2024, the average number of wallets in all regions rose by 1.27x. Furthermore, 54% of users now transact with crypto for payments, suggesting growing real-world use. “For crypto payments to truly reach the mainstream, they must match the ease of traditional fintech experiences. Users should be able to transact effortlessly without needing to understand blockchain mechanics,” Reown’s Payments Product Manager Mirna Barca wrote. AI is seen as another key driver, with 35% of users identifying it as a major catalyst for adoption. Nonetheless, while AI’s potential is acknowledged, there is some skepticism about blockchain’s role in AI development. Only 29% believe the two technologies will complement each other. Meanwhile, just 18% see crypto as facilitating AI’s progress. “Despite trading taking the crown when it comes to user activity today, payments and AI dominate as the two themes users feel will play bigger roles on a greater scale, suggesting that the leading services users access today does not reflect what they believe to drive its long-term value,” the report read. Drivers of Crypto Adoption. Source: Reown In addition, regulatory advancements and tokenization are seen as the next areas that could contribute to mass adoption, with 26% of users identifying each as a key factor. Under President Donald Trump’s administration, crypto regulation has taken center stage. Shortly after President Trump took office, the SEC established a crypto task force to create a clear regulatory framework for digital assets. In fact, new SEC chairman Paul Atkins has also stressed the importance of crypto regulation, calling it a ‘top priority.’ This focus has contributed significantly to industry optimism, and user data exemplifies that. 86% of users believe it will drive mainstream adoption, while 14% think it will slow innovation. “We’re in the final throes of regulatory uncertainty in the US. In Europe, MiCA is finally taking shape, but a lack of precedent has kept innovators guessing, just like in the US. The industry is on the cusp of regulatory clarity but we aren’t quite there yet,” Marco Santori, Director of WalletConnect Foundation, remarked. What Are the Top Factors Holding Back Widespread Crypto Adoption? Yet, before mainstream adoption can occur, users believe several areas need improvement. Better security leads the charge, with 33% of users considering it critical for wider adoption. Moreover, 25% of users highlighted privacy and data protection standards. Confidence in on-chain security has risen significantly, with 69% of users feeling safe, up from 50.5% last year. However, so have phishing attacks. The number of phishing attacks reported by users has grown to 21%, up from 14.4%. “Phishing attacks are up, and that’s a problem. But security UX still isn’t where it needs to be. If we can make transaction signing clearer and build in fraud protection, we can help users feel more in control,” Reown’s CEO Jess Houlgrave commented. A notable 44% of users now use multiple wallets for security reasons, up from 32.8% in 2024. In addition, 18% of users cite security concerns, such as hacks and scams, as a barrier to engaging on-chain. Challenges in Mainstream Crypto Adoption. Source: Reown Along with security concerns, high fees deter 39% of the users from deeper engagement on-chain. Meanwhile, 30% believed lower fees would encourage greater participation. Notably, users also emphasized the need for interoperability, with 47% considering it very important. Additionally, 18% cited a lack of interoperability as a barrier. Despite this, only 14% listed it as one of the core issues that need to be resolved. Therefore, the report draws attention to the need for developers to focus on real-world use cases, ensuring seamless, secure, and cost-effective user experiences. It also highlights a disconnect between user expectations, centered on payments and social apps, and current behavior, which remains heavily trading-focused. “Understanding and addressing this dynamic will be critical to achieving true mainstream adoption,” the report noted. With 67% of survey participants optimistic about crypto’s development, the on-chain ecosystem is poised for growth. However, addressing security, fees, and interoperability will be essential to unlocking its full potential and driving the next wave of mainstream engagement.
FIFA to migrate to its own EVM-compatible blockchain for FIFA Connect
FIFA Collect, the official digital collectibles platform of FIFA, is upgrading its infrastructure and migrating to a new EVM-compatible FIFA Blockchain, the organization announced. The migration is expected to begin no earlier than May 20, 2025, with users notified in advance, according to the FIFA website. The move is designed to enhance platform performance, scalability, and future innovation. FIFA Collect users will retain access to their existing digital assets post-migration by simply logging into their accounts. New features and wallet compatibility improvements are expected following the upgrade, FIFA said. JUST IN: FIFA to launch EVM-compatible ‘FIFA Blockchain.’ pic.twitter.com/slo6Xf4kVy — Whale Insider (@WhaleInsider) April 30, 2025 No user action is required at this time. However, those who previously exported collectibles must reimport them by May 20 to ensure they are included in the migration. FIFA will temporarily re-enable imports for this purpose. After that, manual migration may require customer support and additional verification. USDC ( USDC ) balances can continue to be spent until the migration date. After the transition, users will only be able to withdraw, not spend, their remaining balances. Leaving Algorand During the migration, FIFA Collect will be unavailable for approximately 12 hours. Algorand-based ( ALGO ) wallets, such as Pera and Defly, will no longer be supported after migration. Instead, users can connect using MetaMask or any EVM-compatible wallet via WalletConnect. All collectibles currently listed for sale will remain listed on the new platform unless manually delisted before the cutoff date. The migration is free for all users. FIFA coin? In March, during a White House visit, FIFA President Gianni Infantino announced the organization’s interest in developing a cryptocurrency token during a White House Crypto Summit on March 7. Standing beside President Trump, Infantino said the proposed “FIFA coin” could engage the organization’s global fanbase. Trump responded enthusiastically, suggesting the coin could eventually surpass FIFA in value.
Bitget Launches WCT On-chain Earn With 4.78% APR
Bitget Earn is thrilled to announce the launch of WCT On-chain Earn product, offering 4.78% APR. Subscribe now and boost your earnings! >>>Subscribe now<<< How to subscribe: Website: Navigation bar > Earn > On-chain Earn. To subscribe, simply search for the corresponding coin. App: Home > Earn > On-chain Earn. To subscribe, simply search for the corresponding coin. Terms and conditions: You can view and manage your subscriptions by navigating to Assets > Earn > On-chain Earn. Your subscription will start accruing interest at 12:00 AM (UTC+8) on the day after subscription (D+1). If the subscription is made after 12:00 AM (UTC+8), interest will begin accruing on the second day (D+2) Daily interest = interest accrual amount × daily APR ÷ 365 Redeem: Use the Express Redemption and Standard Redemption buttons to withdraw funds anytime after subscribing. If you have any questions, refer to Mastering Passive Profits with Bitget On-chain Earn: A Comprehensive Guide for more details. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users are strongly advised to do their research as they invest at their own risk. Thank you for supporting Bitget! Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
GSR Deposited 4 Million WCT to CEX 6 Hours Ago
According to Jinse, monitored by The Data Nerd, GSR is suspected to be a market maker for WCT. 6 hours ago, it deposited 4 million WCT (approximately $1.61 million) to CEX. Today, 7 million WCT (approximately $3.46 million) have been deposited into CEX.
WCT is live! Bullish or bearish? Join to share 12,000 WCT!
🔥 New coin WCT now live on Bitget! Users who hold or have traded WCT are eligible to win activity rewards and share a prize pool of up to 12,000 WCT! You can share your views on WCT’s price predictions, trading experiences, or your next trading plans. First-time posters in Insights can additionally share a prize pool of up to 3,000 WCT! Additionally, outstanding posts and high-quality comments will be selected for extra rewards, and get official promotion (including a featured spot on the WCT K-line - Insights Community page). 💎 Prize Pool Requirements: You must hold or have traded WCT during the activity period. Posts must include the topic tag and coin tag $WCT. At least one post must have more than 3 interactions (likes + comments). Activity Period: From 2025-04-15 11:00 UTC to 2025-04-22 16:00 UTC. Activity Rules: 1️⃣ Participation Prize: Share a total prize pool of up to 7,500 WCT Award Rules: The prize pool increases based on the number of participants. Number of participants Prize Pool Less than 100 500 WCT 100-500 participants 2,000 WCT 500-1,000 participants 4,000 WCT More than 1,000 participants 7,500 WCT 2️⃣ First-time Poster Prize: Share a total prize pool of up to 3,000 WCT Award Rules: The prize pool increases based on the number of first-time posters. Number of participants Prize Pool Less than 50 250 WCT 50-100 participants 500 WCT 100-200 participants 1,500 WCT More than 200 participants 3,000 WCT 3️⃣ High-Quality Post and Comment Prize: Each post will receive 100 WCT Award Rules: 10 selected high-quality posts will each receive 100 WCT. To make it easier for you to qualify: Provide analysis to support your view and show unique insights on WCT’s price movements or predictions. Data support: Reference relevant market data, charts, or screenshots to strengthen your content’s credibility. Each high-quality comment earns 50 WCT Winning Rules: 10 high-quality comments will be selected, each receiving a 50 WCT reward. Terms and Conditions: Avoid posting duplicate content; copying others’ posts or repeating submissions may result in disqualification. Rewards will be distributed to winners’ accounts within 7 business days after the event ends. Posts must be relevant to the event theme. Spam, irrelevant content, or cheating behaviors such as fake accounts or like manipulation will lead to immediate disqualification. For more details, please refer to the: https://www.bitget.com/support/articles/9139373288473-insights-agreement-and-disclaimer. Bitget reserves the right of final interpretation for this event. For inquiries, please join the official Insights Telegram group ( @BitgetInsightsOfficial).
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