Scroll (SCR), an Ethereum Layer-2 solution, has officially launched on Binance as of October 22, 2024, marking a significant step for the zero-knowledge (zk) rollup technology it uses. This token, aimed at improving Ethereum's scalability by reducing transaction costs, has gained attention quickly.
Despite a recent 10% price drop, SCR has still surged by 200% over the past few weeks. Binance is now offering trading pairs such as SCR/BTC, SCR/USDT, and others, boosting liquidity and accessibility. The token's long-term value is tied to its governance utility, decentralization goals, and adoption within the Ethereum ecosystem.
With heavy investor backing and a key role in Ethereum scaling, market sentiment seems cautiously optimistic about SCR's potential this week, especially as Binance has applied a "seed" tag, indicating some volatility and risk.
Many traders will be keeping a close eye on its performance, as zk-rollup tech is expected to play a major role in future Ethereum developments.
