Scroll Network (SCR)

Scroll Network is an L2 zkEVM scaling solution for Ethereum, powered by Zero-Knowledge rollups technology. It offers benefits for both developers and users, including:

• Increased security: The Zero-Knowledge technology leveraged by the Scroll network provides a higher level of security and trustlessness compared to the sidechain and optimistic rollups of L2 solutions.
• Higher scalability: Utilizing Zero-Knowledge rollups allows Scroll to maintain consistently high transaction speeds and low gas fees for network utilization, compared to non-ZK powered L2s.
• Ethereum dApps compatibility: On Scroll, developers can seamlessly build applications, while other ZK-powered networks may require additional coding and dApp development skills.

Find more information about the L2 Scroll technology in its docs.

Those significant advantages of the Scroll network among the other L2s allowed the platform to achieve over $48M in TVL (total value locked), becoming a top 51 network among all chain networks in the cryptocurrency space, according to DefiLlama. Additionally, it has managed to grow a large user base of over 1.8 million users with over 8.5 million transactions, according to information disclosed by Coinlive.

Alongside garnering attention from the crypto community, Scroll network has managed to grow a diverse network of leading funds and investors including Polychain Capital, HongShan, Variant, Bain Capital Crypto, IOSG. The company hosted a few private funding rounds during which it managed to raise over $80M for the network's further development.

🪙 Scroll token: Recently, Scroll Foundation released its tokenomics, which states that $SCR will primarily be used for powering its governance layer, paying network usage fees, staking, and decentralizing the protocol’s prover.

On October 8, 2024, Binance, the largest crypto exchange in the industry, announced an IEO and subsequent pre-market listing of the $SCR token, offering over 5.5% of the total supply for sale. As a result, our team conducted thorough research and identified some pros and cons of the Scroll crypto project that you may want to consider before using the network or participating in a potential airdrop:

✅ Scroll Pros:

• Over $48M in Total Value Locked (TVL); 
• Large database of 1.8M+ active addresses using the platform;
• Innovative concept and design;
• Strong performance in SEO, PR, and growth marketing;
• Skilled and experienced team;
• Listing and IEO on Binance;
• Support from top-tier funds and partners;
• Audited by several tier 1 security companies, including Trail of Bits, ImmuneFi, and OpenZeppelin.

❌ Scroll Cons:

• Absence of a clear roadmap for the near future; 
• Relatively High Initially MC - 19%.