What to Expect Over the Coming Week in Crypto: Scroll Enters the Frame
The crypto market is experiencing a rally, with investors focusing on Scroll, a layer-2 network set to release its governance token on October 22. Scroll has a total value locked (TVL) of approximately $1 billion and has been running a points farm since September 2023, allowing users to earn "marks" convertible to the Scroll token. However, only 7% of the token supply is allocated for the airdrop, causing user disappointment. Concerns have been raised about the founder's wallet holding over 1 million marks and inflated balances in affiliated wallets. Scroll aims to be an efficient and cost-effective Ethereum scaling solution. It has partnered with World Liberty Financial and Ether.fi, raising $83 million in funding. Upcoming launches include Moonveil, a gaming-focused layer-2 blockchain, and numerous memecoins as traders seek speculative investments following recent asset gains.
