According to CryptoPotato, Scroll, a ZK rollup Layer 2 network, has seen a 23% increase over the past seven days, reaching a total value locked (TVL) of $1.03 billion, as per L2Beat data. The overall TVL for all Ethereum Layer 2 networks has risen by 12.04% over the last week, amounting to $42.04 billion.
Scroll has become the eighth Ethereum Layer 2 network to surpass a TVL of $1 billion. Of this total value, ETH constitutes 87.29%, stablecoins 11.11%, and other assets 1.60%. The network has gained significant attention since its launch in October 2023, continuously introducing new features. The latest addition, Scroll Canvas, enables users to collect and display achievements, status, and on-chain credentials within the ecosystem. Another initiative, 'Session One,' incentivizes liquidity by awarding points to DeFi users who provide liquidity on decentralized exchanges like Ambient and Nuri. Additionally, users can earn Scroll Marks by depositing assets into lending protocols such as Aave.
Despite its high TVL, Scroll does not have its own token. According to CoinGecko data, tokens on Scroll, mostly in wrapped format, have seen price increases. Wrapped stETH (WSTETH) leads in trading volume with a 10% increase over the last week, followed by Bridged USD Coin (Scroll) and Bridged Wrapped Ether (Scroll). Participants are encouraged to bridge ETH and wstETH through the native bridge and STONE using LayerZero to Scroll. No extra transactions or activities are required for those aiming for Session Zero eligibility, simplifying the process for users to benefit from the network’s rewards.
In the broader Ethereum Layer 2 landscape, activity has generally increased over the past week. Arbitrum One leads with a TVL of $16.85 billion, marking an 11.91% rise. Base follows with $6.87 billion, despite a 7.53% decrease, while OP Mainnet holds $6.42 billion, a 16.55% increase. Blast has $2.67 billion, up by 10.33%, and Mantle rounds out the top five with $1.24 billion, increasing by 15.07%.