Deep Dive
1. Bithumb Suspension (16 December 2025)
Overview:
South Korean exchange Bithumb temporarily halted SCR deposits/withdrawals starting 16 December for Scroll’s mandatory network upgrade. The upgrade aims to enhance scalability, security, or functionality, potentially lowering fees or speeding transactions. Trading continued unaffected.
What this means:
Neutral short-term impact as exchanges often pause services during protocol changes to safeguard funds. However, prolonged halts could strain liquidity. Success hinges on upgrade execution – smoother transitions may boost confidence in Scroll’s technical rigor.
(CoinMarketCap Community)
2. Onchain Activity Decline (16 December 2025)
Overview:
Scroll’s activity dropped sharply in 2025, per Nansen data, following its October 2024 airdrop. Over 40% of top ZKsync airdrop wallets (a comparable project) reduced activity post-distribution, signaling fading incentive-driven engagement.
What this means:
Bearish for SCR as declining usage may reflect waning speculative interest or weak organic adoption. However, Scroll’s alignment with Ethereum’s Fusaka upgrade (data capacity improvements) could revive developer interest long-term.
(CoinMarketCap Community)
3. DAO Governance Pause (11 September 2025)
Overview:
Scroll DAO paused governance after leadership resignations, including Eugene Chen, who opposed “minimizing governance.” Proposals like treasury management remain stalled, sparking centralization concerns.
What this means:
Bearish for decentralization narratives but neutral for token price short-term. Restructuring risks alienating community-driven governance advocates, though a streamlined model might accelerate decision-making.
(Crypto News)
Conclusion
Scroll faces headwinds from post-airdrop activity slumps and governance turbulence, offset by incremental tech upgrades. While the Bithumb suspension is routine, the DAO’s redesign could redefine community trust. Will Scroll’s upcoming upgrades stabilize its ecosystem, or will governance uncertainties prolong volatility?