Scroll, a ZK rollup Layer 2 network, has joined the billion-dollar club. The project's total value locked (TVL) hit $1.03 billion, up 23% in a week.
This milestone makes Scroll the 8th Ethereum Layer 2 to cross the $1 billion TVL mark. ETH dominates the mix at 87.29%, with stablecoins at 11.11% and other assets at 1.60%.
Launched in October 2023, Scroll's been on a roll. It's been churning out features left and right. The latest? Scroll Canvas, a nifty tool for users to show off achievements and on-chain creds.
But that's not all, folks. 'Session One' is dangling carrots for DeFi users. Points for liquidity providers on DEXs like Ambient and Nuri? Check. Scroll Marks for lending on Aave? You bet.
Here's the kicker: Scroll's riding high without its own token. Go figure. But wrapped tokens on the network are seeing green. Wrapped stETH (WSTETH) is the star performer, up 10% in a week.
Want in on the action? Bridge ETH and wstETH through the native bridge, or STONE via LayerZero. No fancy footwork needed for Session Zero eligibility. Easy peasy.
Meanwhile, the Layer 2 scene's heating up. Total TVL across all Ethereum Layer 2s? A whopping $42.04 billion, up 12.04% in a week.
Arbitrum One's still king of the hill with $16.85 billion TVL, up 11.91%. Base follows at $6.87 billion, despite a 7.53% dip. OP Mainnet's not far behind at $6.42 billion, surging 16.55%.
Blast and Mantle round out the top five. Blast's sitting pretty at $2.67 billion, up 10.33%. Mantle's no slouch either, with $1.24 billion and a 15.07% bump.
The Layer 2 race is on, and it's anyone's game. Scroll's just crashed the party, but who knows what's next in this fast-moving space?