Following Binance’s listing of Scroll (SCR), Coinbase International has announced the addition of the Layer-2 Ethereum scaling solution to its platform, marking a significant milestone for the project. This development further solidifies Scroll’s growing popularity and the support it has garnered from major exchanges.
Scroll’s Rise in the Crypto World
Scroll’s success extends beyond Coinbase, with Binance, one of the world’s largest cryptocurrency exchanges, previously listing it on its platform. This move has contributed to Scroll’s global recognition and trading volume. Binance offers various trading opportunities for Scroll, boosting its liquidity. The platform’s decision to list Scroll for futures trading further underscores its potential.
Community Engagement and Airdrop
Beyond exchange listings, Scroll is known for its innovative initiatives that support its community. On October 21, Scroll launched its first airdrop, a gesture of appreciation for the community’s contributions to the project’s success. This airdrop was announced on X, highlighting the project’s global achievements. Official data shows that Scroll is backed by over 100 cities in 30 countries and more than 90 global organizations.
Scroll (SCR) Explained
Scroll is a Layer-2 solution designed to address Ethereum’s scalability challenges. It aims to enhance the network’s transaction capacity and reduce costs while maintaining Ethereum’s security and decentralization. To achieve this, Scroll employs zkEVM (Zero-Knowledge Ethereum Virtual Machine) technology, facilitating faster and more efficient transactions on Ethereum while ensuring security and compatibility.
Scroll’s zkEVM Technology
Scroll’s zkEVM technology allows developers to run Ethereum-compatible smart contracts, enabling decentralized applications (dApps) to seamlessly operate on the Ethereum network. With low transaction fees and high transaction throughput, Scroll makes a significant contribution to the Ethereum ecosystem. The project’s core mission is to propel Ethereum’s scalability to the next level, bringing blockchain technology to billions of users worldwide.
Scroll’s Performance on Cryptocurrency Exchanges
Scroll (SCR) is listed not only on Coinbase and Binance but also on other major exchanges, including Bybit, Bitget, KuCoin, MEXC, and Gate.io as of October 22. Following its launch, Scroll (SCR) began trading at $1.25 and recovered from a recent dip to $1.21. With a current market capitalization of $238 million, Scroll’s fully diluted valuation (FDV) is reported at $1.25 billion, demonstrating its substantial presence in the crypto market and the significant interest from investors.
Coinbase’s decision to list Scroll (SCR) for futures trading, following Binance’s earlier listing, signifies the growing recognition and potential of this Layer-2 Ethereum scaling solution. Scroll’s community-driven approach, airdrop initiative, and the project’s ambitious goals have contributed to its success. This development marks a significant milestone for the project as it continues to gain traction in the crypto space.
