As a native zkEVM project, Scroll has attracted much attention. With its total value locked (TVL) exceeding $739 million and over 3 million active wallet addresses, Scroll has become an ideal target for the next generation of airdrop hunters. Binance has just announced that Scroll will be available on Launchpool and Pre-Market, which is a major boon for the long-awaited $SCR airdrop participants. This article will explore Scroll's financing background, market potential, and why this airdrop may be an important opportunity.
Scroll Background: Why is this airdrop attracting so much attention?
As a native zkEVM project, Scroll has not only received strong support from top venture capitals, but also raised $80 million in multiple rounds of financing. Its latest round of financing has valued the project at $1.8 billion, with heavyweight investors such as @Sequoia and @Polychaincap, and has received attention and support from @a16z, @Paradigm and @VitalikButerin. All of these have laid a solid foundation for Scroll's airdrop potential.
Airdrop Opportunities on Binance Launchpool
Binance recently announced that Scroll will be its latest Launchpool project. This is undoubtedly good news for those airdrop hunters who have been waiting for more than a year. Here are the key information about the $SCR token economy:
- Total token supply: 1 billion $SCR
- Launchpool supply: 55 million $SCR (5.5% of total)
- Circulating supply: 190 million $SCR (19% of total supply)
The Importance of the Scroll Airdrop
As of October 8, 2024, Scroll has more than 3.07 million active wallet addresses, far less than zkSync's 6 million and Starknet's 4 million. This shows that users' interest in Layer 2 airdrops is waning, especially in the Scroll project.
This may be due to the recent airdrops failing to meet user expectations and the stricter airdrop eligibility criteria by zkSync and Starknet.
Despite the decline in the number of participants, Scroll still has a promising future, with its latest round of financing reaching $180 million and a TVL of $739 million. Currently, the users and locked value on Scroll are mainly driven by the expectation of airdrops.
Scroll's future user retention strategy
With airdrops and token issuance, users may exit in the short term, and Scroll needs to develop a long-term strategy to retain users. Airdrops may be the first step.
- In Season 0, users can earn up to 158 Scroll Marks by spending only 0.01 ETH (about $30), but will need to pay a minimum of $5 in transaction fees to avoid Sybil attacks.
- In Season 1, the difficulty increased significantly. Providing $1,000 of DEX liquidity can only earn 5-10 Scroll Marks per day, and the return on assets in wallets or lending platforms is even lower.
Due to the increased difficulty, the Scroll Foundation may delist wallets that hold less than 10 or 50 Scroll Marks (personal opinion)
Around 398,000 wallets were active for only one day, while 974,000 wallets were active for more than 8 days, indicating long-term interest. It is worth noting that 52% of wallets were active for less than 5 days, which may reduce short-term users through the active time criterion.
Key timeline
- Binance Pre-Market: October 11, 2024 10:00 (UTC)
- Farming Period: 00:00 on October 9, 2024 to 23:59 on October 10, 2024 (UTC)
- Spot trading time: To be determined
in conclusion
The Scroll airdrop is a great opportunity for users who are deeply involved in its ecosystem. However, with the increase in eligibility criteria and increased competition, only truly active and long-term contributors will be able to seize this opportunity. Nevertheless, I believe the scale of this airdrop will be very impressive. I hope you like my analysis, remember to do your own research, this article is for reference only.
