The cryptocurrency landscape continues to evolve rapidly, with key exchanges like Huobi Global playing a pivotal role in supporting blockchain innovation and digital asset adoption. Recently, Huobi Global announced a significant update for WalletConnect (WTC) token holders: the official opening of deposit and withdrawal services for the new WTC coin following the successful mainnet migration.
This development marks a crucial milestone in WTC’s transition from an ERC-20 token to its independent blockchain infrastructure. With full support now live on one of the world’s leading crypto platforms, users can seamlessly transfer both new native WTC coins and legacy ERC-20 WTC tokens.
Mainnet Migration Successfully Completed
According to an official announcement, the WTC mainnet switch has been successfully completed. As a result, Huobi Global has officially enabled WTC new coin deposits and withdrawals, allowing users to manage their upgraded assets directly through the platform. Additionally, the exchange continues to support deposits of the old ERC-20 version of WTC, ensuring a smooth transition for all holders during this period.
Mainnet migrations are complex technical processes that require precise coordination between development teams, node operators, and exchange partners. By completing this transition and securing integration with major platforms like Huobi, WTC strengthens its network independence, improves transaction efficiency, and lays the groundwork for future decentralized applications (dApps).
Such upgrades are essential for long-term scalability and security in the blockchain ecosystem. They also reflect growing confidence in projects that successfully execute technological advancements while maintaining community trust.
Why Mainnet Launches Matter in Blockchain Evolution
A mainnet launch is more than just a technical upgrade—it represents a project’s readiness to operate independently. Before mainnet, most tokens run on existing blockchains like Ethereum using standards such as ERC-20. While convenient for initial fundraising and distribution, these tokens are limited by the host network’s performance and fees.
Once a project launches its own mainnet, it gains full control over consensus mechanisms, governance models, transaction speeds, and fee structures. For WTC, this means enhanced functionality tailored specifically to its use cases in decentralized identity, cross-chain communication, and secure wallet integration.
Platforms like Huobi Global play a vital role in this process by providing liquidity, user access, and verification of new chain compatibility. Exchange support ensures that users can trade and transfer tokens without interruption during and after migration.
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Frequently Asked Questions (FAQs)
Q: What does “mainnet migration” mean for WTC holders?
A: Mainnet migration means WTC has moved from running as an ERC-20 token on Ethereum to operating on its own independent blockchain. This allows faster transactions, lower fees, and greater scalability for future applications.
Q: Can I still deposit old WTC (ERC-20) tokens on Huobi Global?
A: Yes. Huobi Global currently supports deposits of the original ERC-20 WTC tokens. However, users are encouraged to plan their migration strategy to ensure continued access and optimal network performance.
Q: Do I need to take any action if my WTC is stored on Huobi?
A: If your WTC is already held on Huobi Global, no immediate action is required. The exchange manages the technical aspects of the transition for users. Always verify updates via official channels.
Q: Will the ticker symbol change after the mainnet switch?
A: In most cases, the ticker symbol remains the same (WTC), but the underlying asset becomes the native chain token instead of the ERC-20 version. Exchanges typically handle mapping automatically.
Q: How do I know if I hold the new WTC or old ERC-20 version?
A: If your tokens are stored in a private wallet or another exchange, check transaction history or wallet address type. ERC-20 tokens appear on Ethereum blockchain explorers; native WTC will be visible only on WTC’s blockchain explorer post-migration.
Q: Is there a risk of losing funds during a mainnet swap?
A: When handled correctly through supported platforms like Huobi Global, the risk is minimal. Never send old tokens to new chain addresses manually unless explicitly instructed by official migration guides.
The Role of Exchanges in Token Transitions
Crypto exchanges serve as critical bridges between blockchain projects and end users. Their support for new coin listings, deposit/withdrawal functions, and technical integrations directly impacts user accessibility and market confidence.
Huobi Global’s prompt activation of WTC services demonstrates its commitment to supporting innovative blockchain initiatives. Fast integration reduces downtime for traders, prevents liquidity fragmentation, and enhances overall market stability during sensitive upgrade periods.
Moreover, trusted exchanges help educate users about necessary steps during transitions—such as deadlines, address formats, and compatibility issues—further reducing confusion and potential errors.
Looking Ahead: The Future of WTC and Decentralized Infrastructure
With mainnet now live and major exchange support confirmed, WTC is positioned to expand its ecosystem. Potential developments include enhanced wallet integrations, broader dApp support, cross-chain interoperability features, and increased institutional interest.
As more projects complete successful mainnet launches and gain exchange backing, the broader trend points toward maturation in the blockchain space—where utility, scalability, and real-world adoption take precedence over speculative hype.
For investors and developers alike, staying informed about such upgrades is essential. Monitoring official announcements, verifying exchange support, and understanding technical implications empower users to make safer, smarter decisions in the fast-moving world of digital assets.
This moment underscores a larger shift: from experimental tokens to functional networks capable of powering next-generation decentralized services.