Scroll TVL Triples In A Day As Layer 2 Ramps Up Marketing – Crypto News – Crypto News
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Scroll TVL Triples In A Day As Layer 2 Ramps Up Marketing – Crypto News

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Activity on Scroll, the long-awaited Ethereum Layer 2, is picking up after a sluggish first week.

Scroll discretely executed its mainnet launch on Oct. 10, with users depositing just $864,000 worth of assets to the network in its first six days, according to data from Dune Analytics.

However, Scroll overtly declared its mainnet deployment is open for business on Oct. 17, prompting a surge in deposits to the network. Scroll’s total value locked rose 260% to nearly $3.1M on Oct. 17.

Scroll TVL. Source: Dune Analytics.

“Over the past year, we’ve focused on community building, encouraging developers to express their creativity through experimentation on Scroll,” the team tweeted. “We are excited to share this moment with you and welcome you to Scroll Mainnet.”

The network already hosts two DeFi protocols with six figures worth of assets locked, with the Skydrome DEX amassing nearly $500,000 and PunkSwap following with $350,000, according to data from DeFI Llama.

Scroll was among the first teams to begin developing an Ethereum Virtual Machine (EVM)-compatible Layer 2 rollup secured by zero-knowledge (ZK) proofs, also known as a “zkEVM,” alongside Polygon and ZkSync. ZkEVMs promised to provide greater throughput than optimistic rollups such as Arbitrum and Optimism.

Airdrop speculation helped to propel testnet activity far exceeding its rivals, with Scroll estimating its “alpha” testnet hosted more than 47M transactions from 9M wallets between Feb. 27 and Aug. 18. Scroll added that its testnet deployments hosted 305,000 transactions per day on average and 450,000 smart contract deployments in total.

However, Scroll was slow to ship its mainnet deployment, with ZkSync Era and Polygon ZkEVM going live in March, and Consensys deploying its zkEVM, Linea, in July.

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