Scroll

Hamster

Hamster Kombat

Wormhole

DeFi

Scroll, the fast-growing zero-knowledge layer-2 network, confirmed that it would launch its airdrop on Oct. 19.
Scroll (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/scroll/">SCR</a>) pre-market futures plunged to a record low of $1.18 on Friday, Oct. 11, as traders remained concerned about recent airdrops. Its lowest point was below its weekly high of $1.74.
Most recent high-profile airdrops have flopped. Wormhole’s token has retreated by over 83% from its listing price, Hamster Kombat (<a href="https://crypto.news/price/hamster-kombat/" target="_blank" rel="noopener noreferrer nofollow">HMSTR</a>) has dropped by 72% from its all-time high, and Catizen (<a rel="noopener noreferrer nofollow" href="https://crypto.news/price/catizen/">CATI</a>) has fallen significantly.
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This retreat is partly because the broader crypto market is not doing wel, with the fear and greed index stuck below 45. Bitcoin has also failed to move above the resistance point at $65,000.&nbsp;
Another likely reason is that many recent airdrops leave a substantial number of tokens locked. Wormhole has 2.58 billion tokens in circulation against a maximum supply of 10 billion. Similarly, ZkSync has 3.6 billion tokens circulating and a maximum supply of 21 billion.
Scroll will have a <a href="https://scroll.io/blog/scr-token" target="_blank" rel="noopener noreferrer nofollow">maximum supply</a> of 1 billion SCR tokens. Of these, 23% will go to contributing members, while 15% will be allocated for airdrops, with 7% in the first one. The rest will be distributed to investors, the foundation, and ecosystem growth.
To be fair, these futures don’t provide a clear picture of what will happen after the airdrop since they are offered by just one exchange, and their volume is relatively small. Its 24-hour turnover was just 854,320 contracts.
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 Scroll is embarking on its first step towards decentralization. 𝐖𝐞 𝐚𝐫𝐞 𝐞𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐚𝐧𝐧𝐨𝐮𝐧𝐜𝐞 𝐭𝐡𝐞 𝐥𝐚𝐮𝐧𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 $𝐒𝐂𝐑 𝐭𝐨𝐤𝐞𝐧. Our vision is to provide everyone, everywhere, access to a global distributed network of applications and… <a rel="noopener noreferrer nofollow" href="https://t.co/SLR4UMJvXb" target="_blank">pic.twitter.com/SLR4UMJvXb</a>— Scroll (@Scroll_ZKP) <a href="https://twitter.com/Scroll_ZKP/status/1843638328459178043?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 8, 2024</a>
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<h2 class="wp-block-heading" id="scroll-is-a-growing-blockchain">Scroll is a growing blockchain</h2>
Scroll has emerged as one of the fastest-growing blockchains this year, attracting 103 developers in decentralized finance.
According to <a href="https://defillama.com/chain/Scroll" target="_blank" rel="noopener noreferrer nofollow">DeFi Llama</a>, it has over 83,000 addresses and a total value locked of $807 million. It also has over $103 million in stablecoins, a good amount for a network that <a href="https://crypto.news/scroll-launches-mainnet-pioneers-next-gen-ethereum-scaling-solution/" target="_blank" rel="noopener noreferrer nofollow">was launched a year ago</a>.
The biggest dApps in its network are Pencils Protocol, AAVE, Tranches Yield, Tokan Exchange, and Kelp DAO. Pencils, the largest dApp in the ecosystem, is a farming network that allows its 709,000 users to generate returns.
Scroll has also become a notable player in the DEX industry, where its dApps handled tokens worth $178 million in the last seven days. These numbers make it a larger blockchain than Cardano, Near Protocol, and Algorand.
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Scroll’s SCR futures sink ahead of much-anticipated airdrop

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