Scroll
Founded Year
2021Stage
Unattributed VC | AliveTotal Raised
$80MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-31 points in the past 30 days
About Scroll
Scroll is a technology company focused on enhancing the scalability of the Ethereum network through its layer 2 solutions. The company offers an EVM-Equivalent zk-Rollup designed to facilitate near instant and cost-efficient transactions while maintaining the security features of the Ethereum network. Scroll primarily serves users and developers within the blockchain and cryptocurrency sectors. It was founded in 2021 and is based in Seychelles.
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ESPs containing Scroll
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The layer-2 blockchain scaling solutions market offers solutions for customers who want to scale their decentralized applications on blockchain platforms. These solutions allow customers to take the majority of their traffic off the main blockchain, resulting in faster transactions and lower costs. By using these solutions, customers can achieve their goals of using decentralized blockchain ledger…
Scroll named as Highflier among 14 other companies, including Polygon, Immutable, and StarkWare.
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Expert Collections containing Scroll
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Scroll is included in 2 Expert Collections, including Blockchain.
Blockchain
11,838 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Unicorns- Billion Dollar Startups
1,249 items
Latest Scroll News
Oct 23, 2024
21:33 Is Ethereum the 'Blackberry' of Crypto? After more than a year of hype and expectation, layer-2 network Scroll's governance token launch is beginning to fall short of expectations after being plagued by token allocation issues. One day after debuting at $1.40 , SCR is now trading 32% lower at $0.94 with its market cap shrinking to below $180 million. The plunge has seen the token drop out of the 250 largest tokens on CoinMarketCap despite Scroll being heralded as the "turtle that wins the Ethereum scaling race." Poor token performance isn't always representative of a failing project – a number of recently-released tokens fail to impress during the opening period of price discovery – but it's worth noting that total value locked (TVL) on Scroll has fallen by 23% in the past week after hitting a peak of $1 billion, DefiLlama data shows . Scroll's issues appear to stem from the token allocation and distribution. In the lead up to SCR's release, users expressed their frustration at Scroll's decision to set aside 5.5% of the supply to the Binance Launchpool and just 7% for the initial airdrop. That frustration was compounded this week after it emerged that Scroll's refusal to put an airdrop cap in place meant that a handful of whales scooped up the majority of available tokens. According to Andrew10Gwei on X , the top 10 wallets will receive 11.7% of the airdrop and the top 100 will receive 34.4%. This typically means that the token will struggle to sustain a price rally as investor demand can't keep up with the pace of selling from whales that received a hefty airdrop. Scroll ran its airdrop campaign by rewarding early adopters and users with "marks" that could eventually be converted into an airdrop. This method has been relatively common in crypto over the past few years and is often referred to as "points farming." But the omission of fixed allocation bands or a maximum cap has spoiled the equilibrium of token supply, it now faces a difficult short-term future as the whales need to be convinced not to sell whilst prospective investors need to believe that it's an asset that has future upside. Points farming is fickle by nature – investors will often use a project to meet the airdrop criteria then move their capital to farm another airdrop on another protocol. While this gives projects an initial boost in activity, it can have a negative long-term impact as there is no incentive to hold the token after an airdrop is distributed . Scroll's team did not immediately respond to CoinDesk's request for comment on a maximum airdrop cap. Edited by Stephen Alpher. Disclosure
Scroll Frequently Asked Questions (FAQ)
When was Scroll founded?
Scroll was founded in 2021.
What is Scroll's latest funding round?
Scroll's latest funding round is Unattributed VC.
How much did Scroll raise?
Scroll raised a total of $80M.
Who are the investors of Scroll?
Investors of Scroll include OKX Ventures, Bain Capital Crypto, Polychain Capital, Variant Fund, IOSG and 10 more.
Who are Scroll's competitors?
Competitors of Scroll include Matter Labs.
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Compare Scroll to Competitors
Optimism is a technology company focused on blockchain infrastructure and the Ethereum ecosystem. The company offers a platform for deploying decentralized applications and custom blockchains, as well as contributing to the development of its open-source infrastructure, the OP Stack. Optimism primarily serves the blockchain and cryptocurrency sectors, with a particular emphasis on supporting Ethereum's scalability and adoption. Optimism was formerly known as Plasma Group. It was founded in 2019 and is based in New York, New York.
Polygon focuses on developing Ethereum scaling solutions. It offers a suite of protocols to provide developers with access to major scaling solutions, including layer 2s, sidechains, hybrid chains, application-specific chains, enterprise chains, and data availability protocols. Its solutions enable fast transactions at near-zero gas fees, secure relationships between users and decentralized apps, and the building of Ethereum Layer 2s with industry-leading technology. Polygon was formerly known as Matic Network. It was founded in 2017 and is based in Camana Bay, Cayman Islands.
StarkNet is a decentralized layer-2 network that operates in the blockchain technology sector. The company's main service is providing a platform that enables Ethereum to scale securely, allowing decentralized applications (dapps) to achieve unlimited scale for transactions and computation. StarkNet primarily serves the blockchain and cryptocurrency industries.
Taiko focuses on blockchain scalability solutions. It offers a decentralized, Ethereum-equivalent ZK-Rollup to support all Ethereum virtual machine (EVM) opcodes, providing a layer-2 scaling solution for Ethereum. The company's technology aims to be open source, allowing for community contributions and modifications. Taiko was founded in 2022 and is based in Camana Bay, Cayman Islands.
StarkWare operates a company that focuses on solving the inherent problems of blockchains, specifically scalability and privacy. It offers a full-proof stack that uses STARK technology to generate and verify proofs of computational integrity, providing blockchain users with a secure, fast, and seamless experience. StarkWare primarily serves the blockchain technology industry. The company was founded in 2018 and is based in Netanya, Israel.
Matter Labs operates as an engineering company with a focus on blockchain technology and mathematical applications. It involves scaling Ethereum using zero-knowledge proofs, a technology that aids in the mainstream adoption of public blockchains. It primarily caters to the cryptocurrency and blockchain industry. The company was founded in 2018 and is based in Berlin, Germany.
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