In this article, we will take a closer look at the Scroll Layer 2 project, which has made a name for itself with a quiet transition in the crypto industry. Scroll is a layer 2 network similar to Layer 2 (L2) networks such as zkSync, Starknet, Polygon zkEVM. Ethereum is a leading blockchain network powering decentralized applications. However, Ethereum's popularity, along with its high transaction costs, poses a barrier to adoption by the next audience of users and developers.
Zero knowledge proofs (zk) were combined with cutting-edge technology by Scroll to create a Layer 2 aggregation network on Ethereum. Scroll offers a "zkEVM" that behaves like Ethereum and secures all activities on the network with smart contracts in Ethereum. The Scroll Layer 2 network supports unlimited read transactions and pre-deployed demo applications, unlike other zkEVM Layer 2 networks.
After a long testing phase, Scroll successfully launched the mainnet. The new network may be full of new opportunities. The Scroll network can provide a basis for network-specific projects such as GMX on Arbitrum or JediSwap on Starknet. Since the Scroll network started, many projects have integrated into Scroll. You can access the list of projects in the Scroll network from the link below.
https://scroll.io/ecosystem
Scroll currently has a TVL of $13.82 million, according to L2Beat data. Its biggest competitor, zkSync, has a TVL of $395 million. Considering the fact that Scroll has recently transitioned, we can say that this difference may close over time. It seems likely that TVL will increase, especially with the integration of new projects and existing projects in the Scroll network. The question of how successful Scroll will be compared to its competitors will become clear over time.
Do you think Scroll will be successful compared to its competitors?
