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Scroll, the long-awaited Ethereum Layer 2, is affected by poor adoption roughly one week after discretely executing its mainnet launch.
In line with information from Dune Analytics, 720 distinctive wallets have deposited simply $700,000 value of ETH and ERC-20 tokens on the community, with a single handle commanding greater than 40% of worth held on the community.
DeFi Llama estimates $300,000 is at present locked in Scroll-based dApps, with the Skydrome decentralized trade having fun with a dominance of 54%.
Though the stealthy nature of Scroll’s launch could also be hindering its early adoption, its debuting efficiency falls wanting expectations.
Scroll estimated its “alpha” testnet hosted greater than 47M transactions from 9M wallets from its Feb. 27 launch till Aug. 18, with greater than 100 tasks reside on the community. The spectacular efficiency was possible bolstered by rampant airdrop speculation surrounding the undertaking.
Scroll acknowledged the completion of its mainnet launch through an Oct. 10 tweet.
zkEVM
Scroll is an Ethereum Layer 2 providing compatibility with contracts written for the Ethereum Digital Machine (EVM) powered by zero-knowledge proofs.
The race to launch a so-called zkEVM kicked off final July when Scroll, Polygon, and ZkSync every introduced plans to develop the know-how. ZkEVM rollups promised to provide throughput positive aspects over optimistic rollups — the then-industry commonplace technical design for Layer 2 networks — similar to Arbitrum and Optimism.
ZkSync Period launched the primary zkEVM on mainnet in late-March, with Polygon ZkEVM additionally completing its mainnet launch a few days later. Consensys additionally joined the zkEVM fray with the launch of its L2, Linea, in July.
Customers bridged $69.4M value of belongings to ZkSync Period in its first seven days, whereas Linea took in $9M and Polygon ZkEVM absorbed $2.5M of their respective debut weeks, in keeping with L2beat.
In March, The Block reported that Scroll had closed a $50M funding spherical at a $1.8B valuation.
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