Ethereum Layer-2 Scroll Hints at Native Token Launch

Scroll, a leading Ethereum layer-2 (L2) network, is set to launch its native token, SCR. The token will serve as a governance mechanism and protocol utility as Scroll transitions towards decentralization.

Scroll will list SCR on Binance on October 22nd and conduct an airdrop for existing users.

The total supply of SCR is 1 billion tokens, allocated to various stakeholders, including the Scroll Foundation, contributors, and ecosystem growth.

Scroll has outlined a detailed roadmap to decentralize its governance, provers, and sequencer.

As a ZK-rollup, Scroll offers faster transaction finality compared to optimistic rollups like Arbitrum and Base.

Scroll’s total value locked (TVL) has surged to $1.2 billion, surpassing competitors ZKsync Era and Starknet.

The launch of SCR is a crucial milestone for Scroll’s development. The token will empower the community to participate in governance decisions and contribute to the network’s growth. As Scroll becomes more decentralized, SCR will play a vital role in driving innovation and development on the platform.

Scroll’s launch of SCR and its commitment to decentralization demonstrate the growing maturity of the Ethereum ecosystem. The network’s rapid growth and strong fundamentals position it as a leading contender in the L2 landscape. As Scroll continues to evolve, the SCR token will likely play a significant role in shaping its future.