What's left of Scroll after nearly a week of TGE?
phoebe2610-29 10:18In 2024, the market witnessed prominent layer 2 projects launching tokens one after another, but the results after the airdrop were not very positive.
And Scroll is also facing a similar situation after nearly a week of TGE and airdrop for users:
Scroll's TVL dropped nearly 50% after TGE (according to DeFiLlama), while data from L2Beat shows that TVL dropped ~20% in a week, from 1.54 billion USD to 1.18 billion USD, the amount of ETH locked on Scroll also decreased.
On-chain network metrics such as daily active wallets, transactions, DEX volume decreased significantly after TGE.
Data from DefiLlama also shows that important dApps on Scroll also faced a serious loss of market share, with TVL of dApps dropping from 50% to 80% in just one month.
The SCR token price has also dropped by more than 30%, currently at ~0.75 USD - much lower than the pre-market price.
Many investors have expressed doubts that Scroll is being exploited by VC funds and interest groups for financial purposes, instead of maintaining the core values of the network.
Notably, Scroll's SCR airdrop program has allocated up to 11% to the top 10 largest wallets and 34% to the top 100 wallets. This raises concerns about the balance in the system, when liquidity is concentrated in a small group, reducing opportunities for the wider community.
A mock NFT called "Scroll - The Biggest Fail" has attracted nearly 2,000 mints, expressing user outrage.
These developments have investors and users questioning the future of Scroll.
What's left of Scroll after nearly a week of TGE?
phoebe2610-29 10:18In 2024, the market witnessed prominent layer 2 projects launching tokens one after another, but the results after the airdrop were not very positive.
And Scroll is also facing a similar situation after nearly a week of TGE and airdrop for users:
Scroll's TVL dropped nearly 50% after TGE (according to DeFiLlama), while data from L2Beat shows that TVL dropped ~20% in a week, from 1.54 billion USD to 1.18 billion USD, the amount of ETH locked on Scroll also decreased.
On-chain network metrics such as daily active wallets, transactions, DEX volume decreased significantly after TGE.
Data from DefiLlama also shows that important dApps on Scroll also faced a serious loss of market share, with TVL of dApps dropping from 50% to 80% in just one month.
The SCR token price has also dropped by more than 30%, currently at ~0.75 USD - much lower than the pre-market price.
Many investors have expressed doubts that Scroll is being exploited by VC funds and interest groups for financial purposes, instead of maintaining the core values of the network.
Notably, Scroll's SCR airdrop program has allocated up to 11% to the top 10 largest wallets and 34% to the top 100 wallets. This raises concerns about the balance in the system, when liquidity is concentrated in a small group, reducing opportunities for the wider community.
A mock NFT called "Scroll - The Biggest Fail" has attracted nearly 2,000 mints, expressing user outrage.
These developments have investors and users questioning the future of Scroll.
