Scroll Airdrop Causes $170M Decline in TVL: What Happened?
Scroll, a Layer-2 Ethereum network, has seen a sharp drop in its Total Value Locked (TVL), losing $170 million since its peak on October 16, 2024. The TVL surged significantly before the airdrop snapshot for Scroll’s native SCR tokens, scheduled for October 19. According to DeFi analytics platform DefiLlama, Scroll’s TVL jumped from $838.05 million to $995.75 million between October 9 and October 16—a nearly 20% increase.
However, the TVL has since dropped to $824.82 million, showcasing the volatility that can accompany airdrop farming in the crypto space. While airdrops may temporarily increase liquidity as users try to qualify for token rewards, they often fail to foster long-term user retention. Once the airdrop incentives end, participants frequently withdraw their funds, leading to a significant decline in TVL.
Discontent Grows Over Scroll Airdrop Strategy
Despite the excitement leading up to the Scroll airdrop, some users have voiced dissatisfaction, especially within the Binance community. Many claim that a large portion of the rewards was unfairly allocated to insiders. Crypto trader Anon Vee expressed frustration over the team retaining 23% of the token supply and distributing large amounts to team addresses, commenting, “Scroll team is so greedy!”
This dissatisfaction highlights a broader issue with airdrop farming: it attracts short-term capital, but those users often withdraw once the rewards are distributed, leaving a diminished TVL. For long-term supporters, this strategy can feel unfair as the influx of new users dilutes their rewards.
Although the Scroll airdrop aimed to generate excitement and attract new users, the backlash from loyal participants suggests it may have backfired, alienating the community it intended to reward.
#ScrollOnBinance #ScrollCrypto #scrollairdrop
$ETH $SCR

Scroll, an Ethereum Layer-2 network, has experienced a dramatic decline in its total value locked (TVL), shedding $170 million since reaching its peak on October 16, 2024.

The TVL rose sharply ahead of a highly anticipated airdrop snapshot scheduled for October 19, designed to distribute its native SCR tokens.

According to data from DeFi analytics platform DefiLlama, Scroll’s TVL skyrocketed from $838.05 million to $995.75 million between October 9 and October 16—a remarkable increase of nearly 20%.

However, this surge proved to be short-lived, with the TVL dropping to $824.82 million as of now.

The swift rise and fall of Scroll's TVL highlight a broader trend in the crypto space. While airdrop farming can temporarily boost liquidity as users rush to qualify for token rewards, it often fails to encourage long-term user engagement.

As a result, once the incentive dissipates, many participants withdraw their funds, leading to a significant decrease in TVL.
User Dissatisfaction Amid Scroll Airdrop Strategy
Despite the excitement surrounding the upcoming airdrop, some users are expressing dissatisfaction. Many believe that the Scroll team unfairly allocated a large portion of the airdrop rewards to insiders.

One crypto trader, known as Anon Vee, voiced frustration over the team retaining 23% of the token supply and distributing large amounts of tokens to team addresses, saying, “Scroll team is so greedy!”

The influx of liquidity typical of airdrop farming is characterized by short-term participants adding capital to qualify for airdrops. These users often withdraw their investments soon after, leaving behind a diminishing TVL and potentially alienating long-term supporters.

While the airdrop strategy aims to attract new users and generate excitement, it can dilute rewards for loyal participants, who may feel undervalued in the distribution process.

#ScrollOnBinance #scrollairdrop #ScrollEvolution #ScrollCrypto

🔔 Scroll (SCR) Joins Binance Launchpool for the 60th Time and Pre-Market
Binance has just announced its 60th project on Binance Launchpool – Scroll, a zkEVM scaling solution for Ethereum. Users can stake BNB and FDUSD to earn SCR rewards over two days, starting at 07:00 on October 9th.
📋 Launchpool Details:
🔍 Token Name: Scroll (SCR)
🔍 Total Supply: 1,000,000,000 SCR
🔍 Launchpool Rewards: 55,000,000 SCR (5.5% of total supply)
🔍 Initial Circulating Supply upon Binance Listing: 190,000,000 SCR (19% of total supply)
🔍 Network/Smart Contract: Scroll Network (0xd29687c813D741E2F938F4aC377128810E217b1b)
🧩 Hourly Harvest Cap per User:
🌐 97,395 SCR in the BNB pool
🌐 17,187 SCR in the FDUSD pool
🔔 Supported Staking Pools:
🏆 Stake BNB (website available approximately 24 hours later): Rewards 46,750,000 SCR (85%)
🏆 Stake FDUSD (website available approximately 24 hours later): Rewards 8,250,000 SCR (15%)
### ⏳ Farming Period: From 07:00 on October 9th to 06:59 on October 11th
### 📈 Pre-Market Information:
Binance will list SCR at 17:00 on October 11th, with pre-market trading available for the SCR/USDT pair. The pre-market end time and official spot listing details will be announced later.
🎯 About Scroll:
Scroll leverages zk Rollup technology to improve transaction speed, reduce costs, and enhance security for blockchain platforms. The project is highly compatible with Ethereum and other EVM-supported blockchains, offering seamless integration.
📉 Recent Price Movements:
Since late September, the price of SCR in pre-market trading has dropped from approximately 2.12 USDT to 1.7 USDT.
💡 Investment Tips for Participating in Launchpool:
1. Do Your Research: Understand the technology and use case behind Scroll and zk Rollup solutions. Knowing the project's fundamentals can help you make informed decisions.
2. Evaluate Staking Options: Consider the potential rewards and risks of staking BNB versus FDUSD. Staking BNB offers a higher reward allocation, but it may come with different levels of risk.
3. Monitor Market Conditions: The price of tokens can fluctuate, especially around listing and pre-market events. Stay updated with market trends and set realistic expectations.
4. Start Small if You're New: If you are new to Launchpool or staking, start with a small amount to get familiar with the process before making larger investments.
5. Stay Informed About Timing: Be aware of important dates, such as the farming period, pre-market listing time, and spot listing announcements, to make timely moves.
#tradinginsight #Binanace #scrollairdrop #SCR #Launchpool‬