Scroll's Usage and Adoption Surge to New Highs

Brian

2023/10/30 09:47

Daily Transactions Hit 200,000

On October 29th, Scroll processed over 200,000 transactions in a single day for the first time. This represents a major milestone and a new daily transaction volume record for the network.

On October 29, the number of single-day transactions on the Scroll exceeded 200,000 for the first time, and the number of new addresses in a single day hit a new high of 87,000. This may be related to the reward Scroll Origins NFT. TVL on the Scroll has exceeded $25 million, an…
— Wu Blockchain (@WuBlockchain) October 30, 2023

The previous high was around 150,000 transactions per day in mid-October. The latest figure demonstrates a huge uptick in activity on Scroll in recent weeks.

New Addresses Spike to 87,000

In addition to the transaction record, Scroll also registered 87,000 new addresses on October 29th. This suggests that many new users are joining Scroll amid the rewards promotion.

Adding tens of thousands of new users per day indicates Scroll is rapidly expanding its user base thanks to incentives designed to drive adoption.

TVL Tops $25 Million

Scroll's total value locked (TVL), which measures the overall value deposited in DeFi protocols, has also skyrocketed recently.

TVL surpassed $25 million this week, rising 72.4% in seven days. This places Scroll's TVL well above Arbitrum Nova's, making it the second-largest Layer 2 by TVL after Optimism.

The influx of capital illustrates investors are gaining confidence in Scroll's technology and earning potential.

Outlook for Scroll

Scroll's various adoption metrics reaching all-time highs demonstrates that its current growth strategy is working. If the network can continue attracting users and activity at this pace, it has potential to establish itself as a leading layer 2 solution under Ethereum.

Scroll

More news about scroll tvl

Feb 23, 2024 4:36 pm
Ethereum Layer2 Solution Scroll's Mainnet TVL Surpasses $100 Million
According to BlockBeats, Ethereum Layer2 scaling solution Scroll has seen its mainnet Total Value Locked (TVL) surpass $100 million, reaching $102 million. This represents a 26.52% increase over the past seven days. Layer2 solutions aim to improve the scalability of blockchain networks, such as Ethereum, by processing transactions off the main chain. This can help reduce congestion and lower transaction fees, making the network more efficient and user-friendly. The growth in Scroll's mainnet TVL indicates increased adoption of the Layer2 solution, as more users and projects choose to utilize its services for faster and cheaper transactions on the Ethereum network.
Oct 30, 2023 10:00 am
Ethereum L2 TVL is US$11.94 billion, and Scroll TVL increased by 70.96% on the 7th
L2BEAT data shows that the current total lock-up volume (TVL) of Ethereum L2 is US$11.94 billion, with an increase of 9.11% on the 7th. The top five locked positions are: Arbitrum One (USD 6.6 billion, an increase of 9.95% on the 7th), OP Mainnet (USD 2.99 billion, an increase of 8.83% on the 7th), Base (USD 572 million, an increase of 2.56% on the 7th), zkSync Era ($461 million, an increase of 14.46% on the 7th), dYdX ($357 million, an increase of 6.12% on the 7th). In addition, Scroll TVL was US$25.06 million, an increase of 70.96% on the 7th.
Oct 23, 2023 9:03 am
Scroll Network's TVL Increases By 1668.63% In Past 7 Days
According to Foresight News, data from L2BEAT shows that Scroll Network's Total Value Locked (TVL) has reached $14.57 million, with an increase of 1668.63% over the past seven days.
Oct 23, 2023 8:46 am
Scroll TVL breaks through 9 million US dollars, TVL is concentrated on DEX
DefiLlama statistics show that Scroll TVL exceeded $9 million. Currently, TVL is concentrated in DEX, with KyberSwap TVL reaching US$3.56 million, Skydrome TVL reaching US$1.53 million, followed by SyncSwap and iZiSwap respectively.
Oct 19, 2023 10:27 pm
Scroll TVL crosses $5 million
DefiLlama data shows that after the Scroll mainnet was launched, TVL reached US$5.01 million.
Oct 18, 2023 11:22 pm
One day after Scroll mainnet went live, TVL reached $2.44 million
DefiLlama data shows that TVL reached US$2.44 million one day after the Scroll mainnet was launched.
Aug 18, 2023 9:02 am
Scroll Launches Scroll Beta Testnet
Odaily Planet Daily News Scroll announced that it will open Beta testing on the Scroll Sepolia test network. The version upgrade includes three aspects: zkEVM upgrade, bridge upgrade and infrastructure upgrade. Among them, the zkEVM upgrade improves EVM compatibility through pre-compiled upgrades, and supports all EVM opcodes. In terms of bridge upgrades, Gas can be reduced by up to 50%, and a trustless message relay function is introduced between L1 and L2, eliminating the dependence on trusted relayers. In terms of infrastructure upgrades, data integrity is improved, anti-proof overflow is realized, and the function of the coordinator is enhanced. Scroll will run the Sepolia testnet alongside the mainnet in the future as the main testing platform for users and developers. And Scroll Goerli will stop using after the mainnet launch.
Jul 14, 2023 10:16 am
Scroll launches 'Contribute to Scroll' program to encourage open collaboration
Layer2 solution Scroll announces the "Contribute to Scroll" initiative, encouraging open collaboration and allowing anyone to contribute to Scroll in a newly introduced open source repository. The program started out as an experimental "Skunkworks" program.
May 31, 2023 7:05 pm
Scroll released a proposal to deploy Aave V3 on the Scroll mainnet
Scroll released a proposal to deploy the Aave V3 Minimum Viable Product (MVP) version on the Scroll mainnet. The proposal shows that Scroll will go live in early August and plans to use Aave V3 as one of the first DeFi DApps on its mainnet. The initially deployed version will support WETH, USDC and wstETH as collateral assets and USDC as a borrowable asset.
Feb 28, 2023 8:51 am
Ethereum Scaling Project Scroll Launches Alpha Testnet on Goerli
According to Foresight News, the Ethereum expansion project Scroll has launched the Alpha testnet on Goerli, and any user can participate in the test without permission. In addition, Scroll is committed to iterating and improving the performance of zkEVM in the next few months. Foresight News previously reported that Scroll launched a pre-alpha testnet last July, and developers can sign up at signup.scroll.io to gain access.