By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
KriptotekaKriptoteka
  • Home
  • News
    • Web3
    • Crypto News
    • Market Analysis
  • Market
    • AI
    • Altcoins
    • Bitcoin
    • Blockchain
    • CEX
    • Defi
    • DePIN
    • DEX
    • ETFs
    • Ethereum
    • Gaming
    • ICO/IDO
    • Institutions
    • L1&L2
    • Meme
    • NFT tech
    • RWA
    • Stable coins
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
Reading: Scroll’s SCR Futures Plunge Ahead of Upcoming Airdrop
Share
Notification Show More
Font ResizerAa
Font ResizerAa
KriptotekaKriptoteka
  • Home
  • News
  • Market
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
  • Home
  • News
    • Web3
    • Crypto News
    • Market Analysis
  • Market
    • AI
    • Altcoins
    • Bitcoin
    • Blockchain
    • CEX
    • Defi
    • DePIN
    • DEX
    • ETFs
    • Ethereum
    • Gaming
    • ICO/IDO
    • Institutions
    • L1&L2
    • Meme
    • NFT tech
    • RWA
    • Stable coins
  • Data
  • Events
  • Learn
  • Reports
  • Podcasts
  • Pro membership
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Kriptoteka > Market > DEX > Scroll’s SCR Futures Plunge Ahead of Upcoming Airdrop
DEX

Scroll’s SCR Futures Plunge Ahead of Upcoming Airdrop

marcel.mihalic@gmail.com
Last updated: October 12, 2024 5:37 am
By marcel.mihalic@gmail.com 3 Min Read
Share
SHARE

Scroll, the rapidly expanding zero-knowledge layer-2 network, has announced that its airdrop will take place on Oct. 19.

On Friday, Oct. 11, Scroll (SCR) pre-market futures fell to a historic low of $1.18 as traders expressed concerns over recent airdrop performances, marking a drop from its peak of $1.74 during the week.

Recent high-profile airdrops have seen disappointing results. The Wormhole token has decreased by more than 83% from its initial listing price, Hamster Kombat (HMSTR) is down 72% from its all-time high, and Catizen (CATI) has experienced significant losses as well.

This downturn is partly attributed to the overall struggles within the crypto market, where the fear and greed index remains under 45. Bitcoin has also been unable to surpass the resistance level at $65,000.

Another factor contributing to this drop is the substantial number of tokens locked in many recent airdrops. Wormhole, for instance, currently has 2.58 billion tokens in circulation against a total supply cap of 10 billion, while ZkSync has 3.6 billion circulating tokens out of a maximum supply of 21 billion.

Scroll is set to have a maximum supply of 1 billion SCR tokens. Of these, 23% will be distributed to participating members, with 15% earmarked for airdrops, including 7% for the initial airdrop. The remaining tokens will be allocated to investors, the foundation, and the growth of the ecosystem.

It is important to note that these futures do not provide a comprehensive outlook on post-airdrop performance, as they are available from a single exchange with relatively low trading volume. The volume was merely 854,320 contracts within a 24-hour period.

Scroll is taking its first step toward decentralization.

𝐖𝐞 𝐚𝐫𝐞 𝐭𝐡𝐫𝐢𝐥𝐥𝐞𝐝 𝐭𝐨 𝐡𝐞𝐥𝐝 𝐭𝐡𝐞 𝐥𝐚𝐮𝐧𝐜𝐡 𝐨𝐟 𝐭𝐡𝐞 $𝐒𝐂𝐑 𝐭𝐨𝐤𝐞𝐧.

Our mission is to offer everyone, everywhere, access to a global, distributed network of applications and… pic.twitter.com/SLR4UMJvXb

— Scroll (@Scroll_ZKP) October 8, 2024

Scroll is a burgeoning blockchain

This year, Scroll has emerged as one of the fastest-growing blockchains, attracting 103 developers in the decentralized finance space.

According to DeFi Llama, the platform boasts over 83,000 addresses and a total value locked of $807 million. Additionally, it holds over $103 million in stablecoins, which is impressive for a network that was launched just a year ago.

The leading dApps within its ecosystem include Pencils Protocol, AAVE, Tranches Yield, Tokan Exchange, and Kelp DAO. The largest dApp, Pencils, serves as a farming network, enabling its 709,000 users to earn returns.

Moreover, Scroll has established itself as a significant player in the DEX market, with its dApps handling tokens amounting to $178 million in the past week. These statistics position it as a more prominent blockchain than Cardano, Near Protocol, and Algorand.

You Might Also Like

Cryptos Battle for the $1 Mark: Cardano, Dogecoin, Cutoshi

Tron Eyes Major Price Shift as Justin Sun Forecasts Growth

KOKO Drops 19% Amid Soaring PEPE 2.0 ICO Performance[embed]https://www.youtube.com/watch?v=ELipKw6aZMo[/embed]

Shiba Inu Investors Bearish as $0.000018 Sell-Offs Hit

Analyst Says Lunex Network Will Surpass DOGE and SHIB This Cycle

Share This Article
Facebook Twitter Email Print
Previous Article Bitcoin and Ethereum ETFs See Inflows, But Ethereum Lags
Next Article Chris Larsen Donates $1 Million XRP to Kamala Harris Campaign
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
- Advertisement -
Ad image

Latest News

4 Cryptos to Challenge Solana: Potential Growth for Investors
Defi
Bitcoin ETF Inflows Exceed $3B, Demand Reaches 6-Month Peak
ETFs
Japan’s Push for Bitcoin and Ethereum ETFs Gains Momentum
Institutions
Ripple Appeals Court Ruling on XRP’s Institutional Sales
Meme
//

We influence millions of users and is the number one Crypto and Web3 news network on the planet

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
nl Dutchen Englishfr Frenchde Germanel Greekit Italianpt Portugueseru Russianes Spanish
en en
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?