Coin overview
SCR
Ended--
Last price (USDT)
84.93K
24h total (USDT)
2.05M
Total vol (USDT)
2024-09-20 09:00:00 ~ 2024-10-22 07:30:00
Trading time (UTC+0)
2024-10-22 12:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Scroll is a Layer 2 rollup solution using zero knowledge proof technology to scale the Ethereum blockchain, with a mission to bring billions of users into Ethereum’s ecosystem, be the most secure and trusted Layer 2 network to process trillions of dollars on-chain and the default place for new innovations. SCR Total supply: 1,000,000,000
Scroll announces OpenVM, a new zkVM
This is a segment from the 0xResearch newsletter. To read full editions, subscribe . Today, Scroll, Axiom, developer Max Gillet and the Ethereum Foundation’s Privacy Scaling Explorations (PSE) team are announcing OpenVM, an open-source zkVM framework for instant proving. OpenVM will be adopted by the Scroll L2 as its zkVM, and plans to validate mainnet blocks in coming months. This transitions Scroll from a currently Type-3 to a Type-1 zkEVM — the most fully Ethereum-equivalent zkEVM type. Scroll’s upgrade to a Stage-1 rollup with a fully functioning proof system will follow soon thereafter. Newsletter Subscribe to Blockworks Daily Subscribe According to a press release, Scroll’s decision to design a new zkVM from the ground up was driven by a belief that many existing zkVM solutions were “monolithic” and “locking developers into vertically integrated stacks.” OpenVM’s open-source and modular architecture would enable Scroll to introduce features without making changes to the underlying circuit, and developers to benefit from zkVM improvements without having to modify application code. The state of ZK OpenVM joins a market already crowded with zkVMs. Unlike traditional virtual machines, zkVMs are designed to compile and execute smart contracts into zero-knowledge proofs in a secure and private way that does not reveal underlying data. Today, the zkVM market carries at least a dozen different zkVMs, such as RISC Zero “ RISC0 ” and Succinct’s “ SP1 .” Source: Electric Capital As seen in the below chart, proofs submitted to Ethereum mainnet saw a peak in December 2023, largely coming from zk rollups like Linea, ZKsync and Scroll, rather than applications. Proof volumes saw a drop in 2024, largely due to two factors. One, proof generation has been increasingly batched using recursive proof aggregation — a technique that verifies multiple proofs within one proof — to reduce costs. Souce: zkstats.io Second, proof verification is getting more efficient, so costs are steeply declining from just a year ago. Prover networks like Risc Zero’s “Boundless” and Fermah have also helped apps and rollups to bring zk-proving costs down. These networks allow teams to outsource proof generation to specialized hardware providers with ASICs and GPUs that compete to generate zk proofs cheaply. Based on Electric Capital’s recent developer report , there are 2,054 monthly active developers working in zk. The use of zk has seen tremendous growth, with zk contract deployments growing from 40 to 639 today over the last four years. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus. Tags 0xResearch Newsletter Scroll zero-knowledge rollup zkEVM
Bitget's pre-market trading volume has exceeded 50 million US dollars
Bitget launched an innovative product "Pre-market Trading" in April this year, with Merlin Coin (MERL) as the first project. Up to now, Bitget's pre-market trading has listed 50 tokens, including popular tokens such as Movement (MOVE), Scroll (SCR), and Orderly Network (ORDER), with a total transaction volume exceeding 50 million US dollars. Bitget's pre-market trading is an over-the-counter trading platform that provides a pre-trading market before new coins officially go live. It promotes peer-to-peer transactions between buyers and sellers, allowing them to set quotes and match trades, completing delivery at a mutually agreed time.
SCR rises over 16% in 24 hours, currently reported at 1.108 USD
BlockBeats news, December 10, market data, SCR rose over 16% in 24 hours, currently reported at $1.108.
Key Market Insights Discrepancy on December 4th - A Must-Read! | Alpha Morning Report
Featured News 1. Trump Administration May Open IPO Market to Cryptocurrency Companies 2. Coinbase Launches Solana-Based Meme Coin MOODENG 3. Rise in Tron Ecosystem Tokens, TRX Surges Over 77% in 24 Hours 4. South Korea's Presidential Chief of Staff and Secretary-General Resign Together 5. South Korea's Martial Law Headquarters Issues First Martial Law Order Articles & Threads 1. "How Did 'Zombie Coins' Suddenly Make a Comeback?" By Ray's New World The Ethereum ecosystem just experienced a turnaround in the past two days, but things are not peaceful within the Ethereum community. A feud broke out between Scroll, a zkRollup project, and Movement, a team that just completed a testnet and announced an airdrop, with Scroll accusing Movement of code plagiarism. In response, Movement claimed that the Scroll team acted improperly, damaging the Layer 2 ecosystem's reputation single-handedly. Currently, official members of the Scroll team have not provided a formal response. 2. "SEC Chair Appointment Delayed, Related Concept Tokens See 50% Intraday Volatility" shushu, BlockBeats From on-chain data, ZKasino is not "insolvent" but blatantly chooses to "profit from user assets." Every step of ZKasino's operation is extracting trust and assets from users, completely deviating from the original intention of decentralization and transparency. The ZKasino team uses user funds to profit from high-risk operations, turning a deaf ear to the issue of returning user funds, which is undoubtedly a secondary harm to the victims. 24H Top Projects (‼️High Rug Risk‼️) Daily new projects or community attention updates, sorted and ranked by X Alpha account follow count and growth Data Source: getmoni.io BlockBeats Note: The following are early-stage projects with relatively few followers, highly susceptible to Rug and contract risks. Participation should be cautious, and this is not investment advice. 1. Orbit (@orbitcryptoai) Creating an AI agent for the abstraction chain 2. stHYPE (@stakedHYPE) Primary staking liquidity solution for the Hyperliquid network 3. OnlyDate (@onlydatefun) The OnlyDate protocol is a platform where users can interact with an AI-driven female agent Market Data Daily overall market capitalization heat (reflected by funding rates) and token unlocks Data Source: Coinglass, TokenUnlocks Funding Rate Token Unlocks
Scroll refutes allegations of ‘predatory’ airdrop
Scroll’s co-founder rebutted claims the Ethereum layer-2 network orchestrated a “predatory” token launch in October, dismissing the allegations as “wild” in a Nov. 28 post on the X platform. Sandy Peng, Scroll’s co-founder and CEO, said Scroll has “been reflecting on community feedback” and is “working on addressing this with Session 2,” Scroll’s planned follow-on airdrop announced in October. Additionally, Scroll is “restructuring to align with our next phase of development,” and “[s]ome team members are moving on,” Peng said. Source: Sandy Peng Related: Ethereum layer 2 Scroll tips native token launch On Oct. 22, Scroll launched its native token, SCR, in a controversial airdrop marred by accusations of token dumping by members of the network’s core team. The token’s price dropped 32% on the first day of trading after Scroll granted large SCR allocations to a handful of whale wallets, upsetting some airdrop participants. In a Nov. 27 X post , Rushi Manche, co-founder of rival blockchain developer Movement Labs, described Scroll as “probably one of the worst actors in the space” and claimed Scroll “literally airdropped to [team members’] wallets and dumped.” On Nov. 28, Peng said Scroll allocated a “negligible” amount of Marks — or points used to set airdrop allocations — to its own wallets and mainly used SCR allocations to seed decentralized exchanges (DEXs) with trading liquidity. “In hindsight, removing Marks for clarity would’ve been better. Lesson learned,” Peng said. The SCR token will be “a primary governance mechanism of the protocol and progress to being a protocol utility token as Scroll becomes more decentralized,” Scroll said in October . The token’s total supply is 1 billion SCR, with 15% pegged for airdrops, 35% for ecosystem growth and 17% for investors. The rest will go to the Scroll Foundation (10%) and contributors (23%). Scroll is a zero-knowledge (ZK) rollup competing against layer 2s such as ZKsync Era and Starknet. ZK-rollups are expected to eventually supplant optimistic rollups — such as Arbitrum and Base — as Ethereum’s dominant scaling solutions. Compared to optimistic rollups, which often take upward of seven days to finalize transactions, ZK-rollups usually settle within minutes. They face competition from L2s using alternative approaches, such as Movement Labs’ postconfirmations . According to crypto researcher Aylo, the pseudonymous founder of Alpha Please, 23 of the 31 tokens distributed in sizable airdrops have lost value since their first day of listing, sometimes severely . Magazine: Is Bitcoin heading back to $90K? Solana ETFs, and more: Hodler’s Digest, Nov. 17–23
Scroll disputes allegations after SCR token drops 32%
Scroll (CRYPTO:SCR), a layer-2 Ethereum (CRYPTO:ETH) scaling solution, has responded to allegations surrounding its controversial SCR token launch, which saw its price fall 32% on its first trading day. Critics accused Scroll of enabling token dumping through large allocations to whale wallets during its October airdrop. In a November 28 post on X, Scroll co-founder Sandy Peng dismissed these claims as “wild,” emphasising that SCR allocations were primarily used to provide liquidity to decentralised exchanges (DEXs). “Scroll allocated a negligible amount of Marks to its own wallets,” Peng stated, adding that greater clarity could have been provided during the process. “In hindsight, removing Marks for clarity would’ve been better. Lesson learned,” Peng said. The SCR token launch sparked backlash, with Rushi Manche, co-founder of Movement Labs, describing Scroll as “probably one of the worst actors in the space.” Manche alleged that the team “airdropped to [team members’] wallets and dumped.” Despite the controversy, Peng highlighted Scroll’s efforts to restructure its team and reflect on community feedback. The platform has announced Session 2, a follow-up airdrop aimed at addressing user concerns. SCR, designed as both a governance and utility token, has a total supply of 1 billion tokens. Its allocation includes 15% for airdrops, 35% for ecosystem development, and portions for investors, contributors, and the Scroll Foundation. The platform operates as a zero-knowledge (ZK) rollup, competing with networks like ZKsync (CRYPTO:ZK) and Starknet (CRYPTO:STRK), which are positioned to replace optimistic rollups as Ethereum’s leading scaling solutions. The incident sheds light on broader challenges within the cryptocurrency space. According to crypto researcher Aylo, 23 out of 31 significant airdropped tokens have depreciated since their listings, emphasising the need for greater transparency and robust mechanisms in token distribution practices. At the time of reporting, the Scroll price was $0.8172.
Which side should you stand on in the public argument between the two major "VC coins"?
Author: shushu, BlockBeats The Ethereum ecosystem has just experienced a reversal in the past two days, but the Ethereum community is not calm. A former team member of the zkRollup project Scroll has gotten into a dispute with Movement, which just concluded its testnet and announced an airdrop. Scroll accused Movement of code plagiarism, while Movement claimed that Scroll's team acted inappropriately, single-handedly damaging the reputation of the Layer 2 ecosystem. Currently, the official members of the Scroll team have not made a formal response. Why the Direct Confrontation? The spark for the debate ignited in someone else's comment section. @enshriningplebs posted, "We invented the concept of 'postconfirmations' to issue our tokens before going live on the mainnet." @seunlanlege sarcastically replied, "Oh, so only researchers from the Ethereum Foundation can invent objectively meaningless garbage protocols and that’s considered cool? What a double standard." Rushi Manche, co-founder of Movement Labs, then added, "Exactly, only Uniswap and Flashbots are allowed to do this because they align with Ethereum's interests (by the way, I really like their architecture). As for the thousands of popular terms we created for those useless EVM L2s, that’s much more ethical." Then, Toghrul, a former team member of Scroll, directly countered Rushi's sarcastic remarks by saying, "Stop pretending to be so high and mighty, okay?" "Let's talk about those popular terms created by EVM L2s?" He believes that the new term "postconfirmations" is essentially just a rebranding of "preconfirmations," and this renaming was a result of them being mocked for calling themselves "fast finality Rollup." Even more absurdly, they themselves don't even understand whether it's an optimistic Rollup or a sidechain, as these two architectures are inherently contradictory. Toghrul mentioned that he directly pointed out these issues in group discussions, but the response was, "No one uses them, so they can't be considered original," leaving him puzzled. He also stated that Movement's entire codebase is almost a fork from Aptos, with only minimal changes made. In contrast, those so-called "useless EVM L2s" have produced many widely used core technologies, such as Polygon inventing Plonky2 and Arbitrum creating a general fraud proof based on Wasm, while Movement can't even understand basic EVM support. Rushi did not hold back, directly stating, "High and mighty? Are you kidding me?" He then began to list Scroll's offenses one by one. Exploited the community for years, yet launched a predatory incentive plan that ultimately shifted the burden onto ordinary investors. The team has been selling secondary market shares for years before the launch. Other team members were forced to buy in at an $1.8 billion valuation while the top executives were selling at the same time. You even directly allocated airdrop distributions to your own wallets for cashing out. Designed the most predatory token economic model, aimed at harming every community member. To express Rushi's anger directly, here is his original content for readers to feel: "Today, because of your actions, almost no one wants to identify as EVM L2 anymore. You delivered the worst product, and the entire community and ecosystem are filled with resentment towards you. Now it’s clear you’re just bored. I won’t comment on technical matters; that should be addressed by researchers. You have been 'hounding' me for several months, while I have remained quiet and respectful. Technical debates are one thing; I believe we can improve, but you have crossed the line. If you want to debate with Franck on Spaces, go ahead. Otherwise, please improve your own chain and stop making it look like a complete scam." He also added, "I have respect for some members of your team, but Scroll and you can be said to be among the worst participants in this field (at least 6 of your colleagues—half of whom have already left—specifically came to apologize to me for your actions)." "In the past two months, a quarter of your team has applied for our positions. There are many people I really like on your side, so I feel a bit guilty, but please don’t come at me with that high and mighty attitude, haha." Finally, Rushi said, "I am actively searching for 'Scroll scam' and learning more. @toghrulmaharram, don’t think about coming to trouble me, haha." The Controversy of Scroll Earlier this year, Starknet sparked outrage over the term "electronic beggar," and coincidentally, Scroll made the same mistake when its senior researcher Toghrul Maharramov directly referred to a user as an "electronic beggar" during a confrontation, even using malicious terms like fxxk in a post mocking users for seeking airdrops. On September 15, the Trump family's crypto project World Liberty Financial announced that Scroll co-founder Sandy Peng would become an advisor to the project, which the community viewed as an example of Scroll's adeptness at maintaining insider relationships. In October, Scroll became the first pre-market trading project on Binance and announced its tokenomics. However, this news sparked community skepticism, accusing Scroll of having too low airdrop quotas while Binance Launchpool's quota ratio was too high, clearly trying to curry favor with Binance. From the data, the total supply of SCR is 1 billion tokens, with an initial circulating supply of only 190 million tokens, accounting for 19% of the total. In the token distribution, airdrops account for only 15%, while ecosystem and growth account for 35%, and the Scroll DAO treasury accounts for 10%. Even for the 15% airdrop, only 2% was circulating at TGE, with the remaining portion needing to be gradually unlocked over four years. In contrast, Binance Launchpool allocated 5.5%, with a TGE circulation ratio of 2.5%, and the remaining 17% also unlocking over four years, making the initial circulation ratio of Launchpool far higher than that of the community airdrop. Additionally, the Scroll Foundation accounts for 10%, core contributors for 23%, and investors for 17%. The tokens of core contributors and investors only begin to unlock a year after TGE, but the proportions held by the ecosystem, Launchpool, and the Scroll Foundation in the initial circulation are relatively large. This distribution mechanism amplifies the holding weight of Binance and large institutions, while the community's interests are significantly compressed, deepening the community's doubts about Scroll's tokenomics design. The community used K-lines to show Scroll what it means to be unique, and even Scroll's project logo was ridiculed by the community. On one hand, Scroll is very adept at upward management, while on the other hand, community management appears to be overwhelmed. After the dispute between former team members and Rushi broke out, Movement clearly held the upper hand in public opinion. Community Perspective Leo Wong, founder of Movement's DEX WarpGate, stated that Toghrul's attacks not only lack technical basis but are also filled with malice. He accused Scroll of predatory behavior that is self-evident: internal sell-offs, exploitative token economic models, and community farming based on false promises. These actions not only tarnish Scroll's reputation but also undermine the concept of a fair blockchain ecosystem. "If Scroll truly has technical criticisms, please have your researchers and engineers present them respectfully. Resorting to personal attacks and public smear campaigns only highlights your lack of confidence in your own platform and practices. The blockchain industry relies on collaboration, transparency, and trust, not petty acts of revenge." Developer Andrew Capasso stated that Toghrul's redefinition of Scroll's criticisms as personal attacks is actually an evasion of responsibility for the team's collective behavior. He believes Toghrul is still entangled in the minutiae of words and has not realized that the real issue is Scroll's deliberate moral damage to the community. "This undermines your credibility, whether you like it or not. A sense of responsibility and integrity is more important than technical details. You are not an obscure developer but one of their most powerful PR warriors. Keep being stubborn, and Scroll's logo will be forever branded on you, haha." KOL Crypto Weituo stated, "Without making judgments about right or wrong, there are some takeaways from these two dialogues that I think everyone needs to know." The "halal era" of raising valuations and funding solely by aligning with certain ideologies is over. Please spend money on people who truly know how to communicate with retail communities; those who don't know how to speak should keep quiet. As a project party in the crypto space, you are wrong, and retail investors are right; do not compete with retail investors in research capabilities. It’s best to consider yourself a retail investor and spend some time playing with what they love most. Brainwash VCs, not yourself. Some also told Rushi that this is entirely a malicious debate, "Toghrul's technical comments have nothing to do with Scroll's poor community management. This is a great mobilization to get those who have been harmed to publicly support you, but you must recognize that this is not 'a good-natured public technical discussion.'" However, Rushi believes that his response post has nothing to do with technical issues but merely points out that Toghrul's attitude towards him and the Movement team is filled with malice and insult. "I have remained silent before because I can handle it myself, but I will not tolerate any insults and harm towards my team."
November 28 Key Market Information Gap, A Must-Read! | Alpha Morning Report
Top News 1.DeFi Sector Cryptocurrencies Surge, ENA Up by 22.06% in 24 Hours 2.Greeks.live Researcher: Current Options Market Indicates Higher Upside Potential for ETH 3.Pump Science: Focus on RIF and URO This Year, New Tokens to Launch Next Year 4.ETH/BTC Exchange Rate Continues to Rise, Up 18.42% from the Low Point 5.Sushi Launches Dojo Agent and Tweet Tokens Feature, Allowing Tokenization of Tweets or Creation of MEME Coins on Twitter Articles & Threads 1.《Clash Between Two Major 'VC Coins,' Whose Side Should You Be On?》 shushu, BlockBeats The Ethereum ecosystem has just experienced a turnaround in the past two days, but the Ethereum community is not at peace. A feud has erupted between a former team member of the zkRollup project Scroll and the co-founder of Movement, which has just concluded its testnet and announced an airdrop. Scroll has accused Movement of code plagiarism, while Movement has claimed that the Scroll team's actions have damaged the Layer 2 ecosystem's reputation. Currently, official members of the Scroll team have not provided a formal response. 2.《ZKasino Refuses Refunds, Now Diverts Customer Funds for Crypto Trading Profits Exceeding $3 Million》 Lila, BlockBeats From on-chain data, ZKasino is not "unable to repay," but openly chooses to "profit from user assets." ZKasino's every move is squeezing the trust and assets of users, which completely deviates from the original intention of decentralization and transparency. The ZKasino team uses user funds to profit from high-risk operations but turns a deaf ear to the issue of returning funds to users, undoubtedly causing secondary harm to the victims. 24H Top Projects (‼️High Rug Risk‼️) Daily new projects or community focus updates, sorted and ranked by the number of X Alpha account followers and growth Data Source: getmoni.io BlockBeats Note: The following are early projects with few followers, extremely high Rug and contract risk. Participation should be cautious, and this is not investment advice. 1. Cookie DAO (@cookiedotfun) The first index for all AI proxies. Secure investment using data. 2. Agentstarter (@agentstarter) Virtual protocol AI proxy launchpad 3. VECTOR (@VECTORDOTFUN) APE MEMES and FRENS • Live on APPLE + GOOGLE PLAY stores. Market Data Daily market overall capital heat (reflected by funding rates) and token unlocks Data Source: Coinglass, TokenUnlocks Funding Rate Token Unlocks
Two Top "VC Coins" Engage in a Public Argument, Whose Side Should You Take?
The Ethereum ecosystem has just experienced a turnaround in the past two days, but the Ethereum community is not calm. A dispute has arisen between former members of the zkRollup project Scroll and the co-founders of Movement, who recently completed a testnet and announced an airdrop. Scroll has accused Movement of code plagiarism, while Movement has retaliated, claiming that the Scroll team's behavior has improperly damaged the Layer 2 ecosystem's reputation. Why Public Feud? The catalyst for the debate occurred in someone else's comment section. @enshriningplebs posted, "We invented the 'postconfirmations' concept to issue our token before going live on the mainnet." @seunlanlege jokingly replied, "Oh, so only Ethereum Foundation researchers invent some objectively meaningless garbage protocols is cool, right? Such a double standard." Movement Labs co-founder Rushi Manche then chimed in, saying, "Indeed, only Uniswap and Flashbots are allowed to do that because they align with Ethereum's interests (by the way, I love their architecture). As for the thousands of trendy terms we've created for those useless EVM L2s, that's much more ethical." Next, former Scroll team member Toghrul directly responded to Rushi's sarcastic remarks, saying, "Stop pretending to be all high and mighty, okay?" "Tell us about those trendy terms created by EVM L2," he argued. He believed that the new term "postconfirmations" essentially just renamed "preconfirmations," and this rebranding was only done because they were ridiculed for claiming to be a "fast finality Rollup." What's even more absurd is that they themselves couldn't even figure out if it was an Optimistic Rollup or a sidechain, as these two architectures are inherently contradictory. Toghrul mentioned that he raised these issues in group discussions, but the response he received was, "No one is using them, so they can't be considered innovative," which left him puzzled. He also mentioned that Movement's entire codebase is almost a slight variation from Aptos, with minimal changes. On the other hand, those so-called "useless EVM L2s" have produced many widely used core technologies, such as Polygon inventing Plonky2 and Arbitrum creating a Wasm-based general fraud proof, while Movement doesn't even seem to understand basic EVM support. Rushi showed no mercy either and directly said, "High and mighty? Are you kidding?" Then he began listing Scroll's offenses one by one. 1. Utilizing the community for years, yet launching a predatory incentive plan that ultimately shifted the burden to ordinary investors. 2. The team continuously sold secondary market shares during the years leading up to the launch. 3. Other team members were forced to buy in at a $1.8 billion valuation while top leadership was selling off at the same time. 4. You even directly airdropped tokens to your own wallet for cashing out. 5. Designed the most predatory tokenomics to ensure harm to every community member. To directly convey Rushi's anger, here is his original text for readers to feel: "Today, because of your actions, almost no one is willing to consider themselves an EVM L2 anymore. You delivered the worst product; the entire community and ecosystem resent you, and now obviously, you are at a loose end. I won't comment on technical matters; those should be addressed by researchers. You have been aggressively pursuing me for months, and I have always remained quiet and respectful. Technical debates are one thing; I believe we can improve, but you have crossed the line. If you want to debate with Franck on Spaces, go ahead. Otherwise, improve your own chain and stop making it look like an outright scam." He also added, "I have respect for certain members of your team, but Scroll and you could be said to be one of the worst participants in this field (even at least 6 of your colleagues—half of whom have already resigned—came specifically to apologize to me and feel ashamed of your actions)." "In the past two months, a quarter of your team has applied for our positions. There are many people on your side that I like, so I feel a little guilty, but please don't bring up the term 'high and mighty' with me, haha." Finally, Rushi concluded with, "I am actively searching for 'Scroll scam' and delving deeper to learn more. @toghrulmaharram, don't even think about coming to bother me, haha." In response to Rushi's accusations, Scroll's co-founder Sandy made several statements in a post today, including: 1. Acknowledging the poorly designed airdrop and its harm to a part of the community, which will be rectified through Session 2; 2. The team wallet did not claim the airdrop. In the future, to avoid confusion, the points related to that wallet will be removed; 3. The team never forced team members to subscribe to the token at the last-round valuation; 4. The team is restructuring to adapt to the next stage of development, and some team members will resign. We believe they will shine in their new positions. Scroll Controversy Overview Earlier this year, Starknet sparked outrage due to the term "E-waste." Similarly, Scroll made the same mistake, with its Senior Researcher, Toghrul Maharramov, directly referring to a user as an "E-waste" during an altercation, and even mocking users in posts using malicious language like "fxxk" when seeking airdrops. On September 15, the Trump family-affiliated crypto project World Liberty Financial announced that Scroll's co-founder, Sandy Peng, had become an advisor to the project. This move was seen by the community as an example of the Scroll team's adeptness at maintaining insider relationships. In October, Scroll became Binance's first pre-trading project and revealed its tokenomics. However, this news raised community doubts, accusing Scroll of having a low airdrop allocation while Binance Launchpool's allocation was too high, clearly an attempt to please Binance. From the data perspective, SCR has a total supply of 1 billion tokens, with an initial circulation of only 190 million tokens, accounting for 19% of the total. In the token distribution, airdrops account for only 15%, while ecosystem and growth account for 35%, and the Scroll DAO Treasury accounts for 10%. Even within the 15% allocated for airdrops, only 2% were in circulation at TGE, with the remainder gradually unlocking over four years. In contrast, Binance Launchpool allocated 5.5%, with 2.5% already in circulation at TGE. The remaining 17% also unlock over four years, resulting in Launchpool having a significantly higher initial circulation percentage than community airdrops. Furthermore, the Scroll Foundation holds 10%, core contributors hold 23%, and investors hold 17%. The tokens for core contributors and investors start unlocking a year after TGE, but the ecosystem, Launchpool, and Scroll Foundation hold a significant percentage in the initial circulation. This allocation mechanism amplifies the holdings of Binance and large institutions, significantly reducing community interests and deepening the community's doubts about Scroll's tokenomics design. The community used candlestick charts to show Scroll what uniqueness really means, even Scroll's project logo was ridiculed by the community. Scroll excels in top-down management on the one hand, but community management seems inadequate. After the controversy between former team members and Rushi broke out, from a community perspective, Movement clearly has the upper hand in public opinion. Community Perception Leo Wong, the founder of Movement's WarpGate DEX, stated that Toghrul's attack lacked not only technical basis but also was filled with malice. He accused Scroll of its predatory behavior being evident when criticizing Movement's terms or architecture: internal dumping, exploitative tokenomics, and a community farm based on false promises. These actions not only tarnished Scroll's reputation but also stained the idea of a fair blockchain ecosystem. "If Scroll has genuine technical criticism, please let your researchers and engineers present it in a respectful manner. Resorting to personal attacks and public defamation will only highlight your lack of confidence in your own platform and practices. The blockchain industry relies on collaboration, transparency, and trust, not this kind of petty retaliatory behavior." Developer Andrew Capasso mentioned that reshaping Scroll's criticism as a personal attack by Toghrul was actually an attempt to evade responsibility for the team's collective behavior. He believes Toghrul is too caught up in semantics and fails to realize that the real issue is the moral harm intentionally caused by Scroll to the community. "Whether you like it or not, this undermines your credibility. Accountability and integrity are more important than technical details. You are not just an unknown developer but one of their most powerful PR warriors. Keep digging in, and Scroll's logo will be permanently stamped on you, haha." Crypto influencer 加密韋馱 stated, "I won't make judgments of right or wrong, but there are some takeaways from these two dialogues that I think everyone needs to know." 1. The 'halal era' where valuation was pumped with just aligning with some ideology is over. 2. Please spend money on people who truly know how to engage with the retail community. People who don't know how to speak should keep quiet. 3. As a project in the crypto world, you are wrong, and retail investors are right. Don't compete with retail investors in terms of research and investment capabilities. 4. It's best to also consider yourself a retail investor, spend some time playing with their favorite things 5. Brainwash VCs, but don't brainwash yourself Some people also told Rushi that this is completely malicious argumentation, "Toghrul's technical critique has nothing to do with Scroll's poor community management. This is a very good mobilization, allowing those who have been victimized to openly support you, but you must realize that this is not 'good-faith public technical discussion'." However, Rushi believes that his response post is unrelated to technical issues, only pointing out that Toghrul's attitude towards him and the Movement team is full of malice and insults. "I have always remained silent before because I can handle it myself, but I will never tolerate any insult or harm to my team."
Vanilla Finance Closes Pre-Seed Round Led by ABCDE Labs
Vanilla Finance has announced the closing of a Pre-Seed round led by Paper Ventures, UOB Ventures and ABCDE Labs, with participation from HTX Ventures, Ocular, Openspace, Y2 Ventures, Signum Capital and angel investors from STEPN, Scroll and others. HTX Ventures, Ocular, Openspace, Y2 Ventures, Signum Capital, and angel investors from STEPN, Scroll, and others.
The total locked-in value of Ethereum's Layer2 network is 43.9 billion US dollars, up 3.76% in the last seven days
According to L2BEAT data, the total locked value in Ethereum's Layer2 network is currently 43.9 billion US dollars, an increase of 3.76% over the past seven days. The top five are: Arbitrum One (16 billion US dollars, up 4.75% in seven days); Base (10.22 billion US dollars, up 12.1% in seven days); OP Mainnet (6.73 billion US dollars, up 3.43% in seven days); Blast (1.45 billion US dollars, down 6.59% in seven days); Scroll (986 million US dollars, down 14% in seven days).
Today's Must-Read | Twitter Featured Views [November 11th]
1.Rui: $BONK will start a new round of growth $BONK has just broken through the huge triangle consolidation range of the past year. If the pullback is confirmed, this will be an opportunity worth bold layout. Rui believes that BONK's next step will be quite radical, especially with the accumulation of the following catalytic factors, it will stand out among the many meme coins: 1. Robinhood and Webull listing rumors are approaching, which will unlock the liquidity of US retail investors 2. The only memecoin with ETP 3. Coinbase's only new memecoin 4. BonkBot's strong repurchase/destruction pressure 5. Upbit USDT trading pair has been launched, and Korean Won (KWR) trading pair will be launched soon, which may stimulate the enthusiasm of the Korean market These catalysts make BONK undeniable. Soon you may see discussions of "Bonk Guy" again on the timeline. See the original text: https://x.com/YeruiZhang/status/1855793542758814015 2.Shelby: $FLOKI's Continuously Strong OG Meme $FLOKI is one of the few remaining OG memes, following $DOGE and $SHIB. The difference is that Floki is actually practical and has built a huge ecosystem in the past three years. This is also the reason why I don't easily chase after random rises - I prefer #memecoins that survive in bear markets and have fundamental support, especially #Floki. See the original text: https://x.com/CryptoNewton/status/1855584946959552886 3.WIZZ: Optimistic about $DOGE surpassing mainstream coins DOGE may surpass all mainstream coins in the next few weeks or months. Everything is ready. -Elon Musk concept Department of Government Efficiency (D.O.G.E) Narrative -X payment potential benefits Heavily optimistic about this opportunity. See the original text: https://x.com/CryptoWizardd/status/1855699751746117975 4.XO: Analysis of $WIF Trading Strategy XO proposed two possible transaction scenarios for $WIF: Breaking through the median line: If the price breaks through the median line, it will force the bearish position to squaring, further pushing up the price. Brief pullback: The bears received brief relief, and the price continued to rise after a slight pullback. XO said that regardless of the scenario, he maintains a bullish positioning and will continue to hold. See the original text: https://x.com/Trader_XO/status/1855659947381379460 5.Rui: The Awkward Positioning of SCR and Its Relationship with Trump Scr is an awkward existence in Trump's target, with several key points: 1. SCR is supported by Polychain and is also the largest supporter of Trump's WLFI project. Among the three major crypto funds in the US, only Polychain explicitly supports Trump, and even once worked at Mar-a-Lago. 2. It is speculated that Polychain's position cost is in the range of 7-900 million dollars, and the position ratio is close to or even more than 10%. 3. The essence of WLFI is to raise campaign funds for Trump. Based on non-public data, in the last 20 days of the campaign, Trump's funds were in crisis, but he could not directly and quickly obtain political contributions from the US people. Therefore, he opened an overseas fundraising channel through Polychain and SCR, which was a "timely help" move. 4. If SCR is a US project, the dividends obtained may be greater. See the original text: https://x.com/YeruiZhang/status/1855793542758814015 6.Hitesh.eth: The impact of the launch of the application chain on investors As decentralized applications gradually transform into independent application chains, investors can obtain more value from them. ENS is becoming Namechain Uniswap is becoming Unichain MakerDAO will launch Makerchain Aave will launch Aavechain Trading viewpoint: Enhance the practicality of tokens: The launch of the application chain has added new uses to the original application tokens (such as ENS, UNI, MKR, AAVE), such as staking and using them as on-chain gas fees. Inflationary incentives: Many application chains may introduce new token supply to incentivize ecological growth, which will bring annual inflation of tokens, but also provide additional incentives for holders. Token value increase: The new uses and growth catalysts brought by the application chain help to increase the market attention and demand for tokens, expand community support, and thus drive up token prices. For investors, the launch of the application chain is not only an opportunity for value capture, but also a powerful catalyst for price growth. See the original text: https://x.com/hmalviya9/status/1855832167705919677 7.Chen Jian Jason: BounceBit V2 version launched, observation of the transformation of BTC ecological asset management projects BounceBit's V2 version was officially launched today. Chen Jian Jason pointed out that this is a public Alpha test, and the launch time and content were announced in the document half a month ago. The current price has risen from the previous low of 0.23 to 0.35, and the structure is still relatively healthy. Jason believes that investors who hold a large amount of $BB or open contracts should closely monitor this trend and pay attention to latent risks. Trading viewpoint: BounceBit is one of the early projects in the BTC ecosystem, but it has gradually weakened the BTC label and focused on multi-chain asset management such as ETH, Sol, and Sui. This transformation reflects the team's response to the "source of income" problem faced by BTC staking projects. The V2 version introduces the concept of CeDeFi, which not only provides on-chain staking income, but also adds a quantitative arbitrage income model. These assets are held under compliance agencies Mainnet Digital and Ceffu, further enhancing security. The newly added CeDeFi SaaS and BounceClub features, including user-defined AI Agents and PumpFun Meme launcher, bring more application scenarios to $BB and further consolidate its positioning as an asset management platform. Overall view: Chen Jian Jason emphasized that the BounceBit team has strong execution and has been active in product iteration. The team obtains profits through real TVL liquidity, avoiding simple TVL lifting strategies, which has positive significance for the long-term stability of the asset management platform. The current FDV is 700 million, the circulation is 160 million, and the next unlock will be in May next year. There will be no new coins released in the next six months. Investors can evaluate their holding strategies from a long-term perspective. See the original text: https://x.com/jason_chen998/status/1855813095375135215
Christian2022.eth: Sold all EIGEN and bought some SCR
Christian2022.eth posted on X platform, stating that they have sold all their holdings of EIGEN and bought some SCR, despite most people feeling uneasy.
Watch Out: Entering a Very Critical Week – There Will Be Numerous Economic Developments and Altcoin Events in the New Week – Here is the List to Foll
The cryptocurrency world was excited with the expectation of a new all-time high price record after Bitcoin rose above $73,000 this week. However, the record did not come and BTC experienced some decline from its peak. In addition, assets on the altcoin side did not live up to expectations. However, many altcoin events and economic developments that will affect the cryptocurrency world are expected in the new week. Here is the cryptocurrency calendar we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Monday, November 4th Singapore Digital Assets Week SCR – OKX lists SCR. SKY – Voting begins to convert the SKY brand to the former Maker DAO brand. Tuesday, November 5th US Presidential Elections TIA – Ginger update will be made on Testnet. PUPS – Deadline for Token Swap. Wednesday, November 6 Singapore Fintech Festival Related News Watch Out: 5 Altcoins in South Korea See Trading Volume Boom - Here's the List Thursday, November 7th The first meeting of the cryptocurrency committee will be held in South Korea. KP3R and UNFI – Will be delisted by Binance. MILE – Will be listed by Bybit. 15:00 – UK to announce interest rate decision. (Expectation is for a 25 basis point cut) 16:30 – US Initial Jobless Claims (Expected: 220k, Previous: 216k) 22:00 – FED Interest Rate Decision (Expectation is for a 25 basis point reduction) 22:30 – FED Chairman Jerome Powell’s Press Conference Friday, November 8th DESO – Will be delisted by Coinbase. Review of China's $1.4 trillion fiscal package. *This is not investment advice.
Elder Scrolls game shutting down forever
The Elder Scrolls: Legends is officially shutting down. The game which is also already discontinued on Steam will be accessible to the existing players, on mobile and PC until the announced date. The game was released back in 2017 with Hearthstone as an established strong competitor in the digital card game genre. Therefore Elden Scroll couldn’t attract enough audience even though it was connected to Bethsesda’s infamous RPG franchise. The peak count of active players was 9,000 players in its launch year. However, after that, it saw a continuous decline falling to hundreds by the year 2020. Apparently the reason for its decline is the hold on the game during 2019 without any new updates. See also Roblox growth has surged to 88 million users, but is it safe for kids?
Comparing Airdrops vs ICOs: How They Affect Token Supply and Market Sentiment
Original source: Tokenomist Original translation: TechFlow 1. Overview of Airdrops and ICOs · Airdrops:Distributing tokens for free, usually to increase brand awareness, reward early users, or connect with the community. · ICO (Initial Coin Offering):A fundraising activity during which projects sell tokens in advance to obtain funds to help them realize their project vision. 2. The impact of airdrops on token supply · Increased circulating supply:Airdrops quickly introduce tokens to the market, often triggering inflationary pressures and market volatility. · Market sentiment:While airdrops can create excitement, a large influx of tokens into the hands of recipients can lead to sudden sell-offs that can affect token prices. Example: Scroll’s recent airdrop initially traded at $1.40, but after recipients claimed and sold tokens, the price dropped to $0.77, a change that reflects the price volatility that is common after airdrops. Through the above analysis, we can see the different roles of airdrops and ICOs in the token market and how they affect token supply and market sentiment. 3. The impact of ICOs on token supply · Controlled release mechanism: ICO tokens are usually distributed gradually, with monthly or quarterly unlocking. While this approach can stabilize supply in the early stages, it can lead to market volatility as early investors sell off. · Demand-driven valuation: Although ICOs generate initial market demand, regular token unlocking can affect prices, sometimes creating downward pressure and thus affecting market sentiment. 4. The main differences in token economics · Locking and unlocking: ICOs usually set a lock-up period to reduce the pressure of early selling, while airdrops rarely take such restrictive measures. Through the above analysis, we can see the unique role of ICOs in token supply and market dynamics, as well as their key differences from airdrops in token economics. · Governance risk:Airdrops distribute tokens to a wide range of users, which makes governance decisions face uncertainty as voting results become more difficult to predict. · Inflation management strategies:Some projects deal with the inflation risk brought about by airdrops through destruction mechanisms or staking incentives, aiming to maintain the value of tokens and encourage users to hold them for the long term. Original link
Scroll Launches SDK and Widgets and Releases Roadmap
On October 31, Scroll announced the launch of the Scroll SDK, a production-ready infrastructure for deploying sovereign blockchain networks, and gadgets, optional modules to customize and enhance the Scroll SDK chain. The project has also released its development roadmap, with enhancements released in Q1 2025 and further widget integrations realized in Q2.
Trade with hot futures trading pairs: SCR, X, GOAT, win a share of $15,000 airdrop!
Join us for an exciting trading event where you can earn rewards by trading popular futures trading pairs: SCR, X, and GOAT! Don’t miss your chance to grab a piece of the $15,000 airdrop! JOIN NOW Event Period: October 30, 10:00 AM - November 16, 10:00 AM (UTC) Rewards and Rules: 1. New Users Bonus: Sign up and complete the following: - Make your first deposit of at least $100 (keep it in your asset at least 72 hours). - Make your first futures trade of at least $100. Upon completion, you will receive a random airdrop of $5 in popular tokens (SCR, X, GOAT). Additionally, new users who join Bitget through any of the links provided will receive an extra random airdrop of $5 in popular tokens. • WaqarZaka • CryptoforC • DOCTOR CRYPTO Total Prize Pool: $5,000 – First come, first served! 2. Hot Futures Trading Pairs: Trading Volume Rewards: During the event, users trading any of the following popular futures pairs will receive airdrops based on their futures trading volume: SCR X GOAT Rewards are stackable! Total Prize Pool: $5,000 – First come, first served! 3. Total Trading Volume Rewards: Accumulate the following total trading volume (including spot and futures trading) to earn random airdrop rewards: - Total trading volume of $500,000: $30 random token airdrop - Total trading volume of $800,000: $50 random token airdrop - Total trading volume of $1,000,000: $70 random token airdrop - Total trading volume of $2,000,000: $100 random token airdrop Total Prize Pool: $5,000 – First come, first served! Don’t miss this fantastic opportunity to boost your trading experience and win amazing rewards! Terms and conditions Users must click the 'Registration' button, otherwise, it is invalid. Rewards will be distributed to the winners accounts within 12 working days after the end of the promotion. Rewards are limited, first come, first served. The campaign is exclusively for South Asia users and users who can register for this event successfully. Only main accounts are eligible for the promotion. Any sub-accounts participating in this promotion will be disqualified and will not be distributed with any rewards. All participants must strictly comply with Bitget's terms and conditions. In case of cheating or using multiple accounts for rewards, or other violations, Bitget reserves the right to disqualify the users involved and forfeit their rewards. Bitget reserves the right to amend or revise the terms of this promotion, or cancel it at any time without prior notice at its sole discretion. Bitget reserves the right of final decision for this promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Super Diwali Airdrop: $20,000 Hot Tokens Await! CATS, TONCOIN, SCR, BGB, Gold Vouchers!
✨ Celebrate Diwali with Exciting Rewards! This Diwali, light up your trading journey with our special airdrop event! We’re giving away a total of $20,000 worth of the hottest tokens, including CATS, TONCOIN, SCR, and BGB! Besides, Gold Vouchers will be delivered to your email directly! Whether you’re a new user or a loyal trader, there’s something for everyone. Join now and make this festival of lights even brighter with incredible prizes! JOIN NOW Event Period: October 28, 11:00 AM - November 11, 11:00 AM (UTC) Rewards and Rules: Campaign 1: For New Users Join us for an exciting airdrop of popular tokens: CATS, TONCOIN, SCR, and BGB! - New users who register during the campaign and complete the following tasks will qualify for rewards: • Deposit $100 and keep it in your asset account for at least 72 hours. • Complete a futures trade with a volume of over $100. Eligible users will randomly receive a hot token gift pack valued between $5 and $30! Additionally, users who register and complete the tasks through any of the following links will receive an extra $5 hot token airdrop: • WaqarZaka • CryptoforC • DOCTOR CRYPTO • Xcoin ResearchX Total prize pool for Campaign 1 is $10,000! Limited rewards available, so act fast! Campaign 2: For All Users - BGB Giveaway! First come, first served! During the campaign, users who sign up and achieve a total trading volume of $30,000 will be among the first 200 to receive an airdrop of 30 BGB. - Limited Gold Vouchers Distribution! During the campaign, the users with the highest total trading volume will receive: • 1st Place: ₹100,000 Gold Vouchers • 2nd Place: ₹75,000 Gold Vouchers • 3rd Place: ₹50,000 Gold Vouchers • 4th - 10th Place: ₹10,000 Gold Vouchers Winners will be announced through our official South Asia X account within three business days after the event. Be sure to follow us for more updates! Campaign 3: VIP Benefits 1. During the campaign, users who become VIPs through spot or futures trading will be randomly selected to receive one of five ₹100,000 Gold Vouchers. Our VIP manager will contact the winners. 2. The first 20 users to become VIPs during the campaign will receive a 100% trading fee refund for seven days. Don’t miss out on these amazing rewards! Join the Super Diwali Airdrop and celebrate with us! Terms and conditions Users must click the 'Registration' button, otherwise, it is invalid. Rewards will be distributed to the winners accounts within 12 working days after the end of the promotion. Rewards are limited, first come, first served. The campaign is exclusively for South Asia users and users who can register for this event successfully. As for VIPs, if you have any questions, please contact VIP manager Jayden for support. Only main accounts are eligible for the promotion. Any sub-accounts participating in this promotion will be disqualified and will not be distributed with any rewards. All participants must strictly comply with Bitget's terms and conditions. In case of cheating or using multiple accounts for rewards, or other violations, Bitget reserves the right to disqualify the users involved and forfeit their rewards. Bitget reserves the right to amend or revise the terms of this promotion, or cancel it at any time without prior notice at its sole discretion. Bitget reserves the right of final decision for this promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
The Web3 asset data platform, RootData, has released its weekly project hot search list. Scroll, Chainbase, and Aleo are in the top three
ChainCatcher News, the Web3 asset data platform RootData has released its weekly hot search list. The top 10 projects for last week (October 21 - October 27) are: Scroll, Chainbase, Aleo, DeAgentAI, Walrus, Eclipse, Grass, Moonwalk, Fuel and Abstract. It is reported that the RootData popularity list is based on multiple dimensions of data such as the search frequency of platform users, project click volume, user voting as well as the heat and influence of X platform. It calculates the project's popularity value through weighted calculation for real-time ranking.
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