Coin overview
SCR
Ended--
Last price (USDT)
84.93K
24h total (USDT)
2.05M
Total vol (USDT)
2024-09-20 09:00:00 ~ 2024-10-22 07:30:00
Trading time (UTC+0)
2024-10-22 12:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Scroll is a Layer 2 rollup solution using zero-knowledge proof technology to scale the Ethereum blockchain, with a mission to bring billions of users into Ethereum's ecosystem, become the most secure and trusted Layer 2 network to process trillions of dollars on-chain, and be the default platform for new innovations. SCR total supply: 1,000,000,000
Scroll DAO Temporarily Halts Governance Amid Leadership Resignations
The Scroll DAO, responsible for the Ethereum $4,420 Layer 2 scaling project, Scroll, has taken a significant step by temporarily suspending its governance operations. The decision follows a series of leadership resignations and was officially announced to the public. Olimpio, a DAO delegate, shared through his account, indicating that the governance process is undergoing a redesign. Leadership Resignations Prompt Key Decisions Eugene, one of the leaders of Scroll DAO, officially resigned from his position last week. In response to this resignation, Scroll co-founder Haichen Shen announced efforts to restructure the governance model. This move aims to address the changes needed within the organization to maintain stability and ensure continued growth. Scroll DAO In an official statement on the matter, it was clarified that the suspended system is not being ended permanently. Instead, it is temporarily on hold in preparation for a new governance structure. Raza Zaidi, responsible for growth at Scroll, emphasized that the process is a pause, not a cessation. However, no clear roadmap has been shared on how the restructuring will proceed. The community is currently awaiting official updates on the management system. The Future of Governance in the Altcoin As a result of the suspension of the governance mechanism, several proposals, including those related to the Scroll DAO treasury, are on hold. The decision-making process regarding whether these proposals will be implemented remains uncertain for now. Stakeholders in the project are keenly watching for any developments that could provide clarity on the future governance path. The DAO was established following the launch of SCR, the mainnet asset of the altcoin project. The organization collaborated with the Scroll Foundation and the Security Council, with governance facilitated by votes from community delegates. While the suspension suggests that the structure will undergo reshaping, the progression of the process is currently uncertain.
Scroll DAO pauses governance after leaders leave and restructuring begins
Scroll DAO Suspends Governance Following Resignation of Key Leadership Delegates point to reformulation with possible temporary centralization Treasury proposals remain pending without a definition of execution Scroll DAO, the decentralized autonomous organization responsible for Ethereum's layer-2 scaling project, announced the temporary suspension of its governance mechanism. The decision comes amid internal changes following the departure of key leadership figures, according to Delegate Olimpio. In a post on X, Olimpio stated that Eugene, leader of Scroll DAO, formally resigned earlier this week. He added that Haichen Shen, Scroll's co-founder, highlighted that the team is currently "redesigning governance," which prompted the pause in the decentralized decision-making process. Today: Scroll DAO 📜 governance is to be “paused” DAO leadership resigned, but gov proposals are still live, ongoing. Straight from today's delegate call: 1. Haichen @shenhaichen (cofounder of SCR) started: they are “redesigning governance” 2. Race @razacodes (SCR team… pic.twitter.com/UHRbiPfi2o — olimpio (@OlimpioCrypto) September 10, 2025 The restructuring raised questions among delegates and participants. According to Olimpio, "Summary: They are revamping governance, but the path forward is unclear; it seems to me they will adopt a centralized approach. There is still no clear communication, transparency, or plan. Just an announcement of a 'pause.'" Despite the suspension, team members emphasized that it is not a definitive end to governance. Raza Zaidi, Scroll's head of growth, stated that the measure should be viewed as a "pause" and not a "stop" or "dismantling" of the DAO's structures. Among the proposals that remain open is one related to treasury management, but there is still no confirmation on when or how it will be implemented. This point is considered crucial, as Scroll DAO's treasury is one of the pillars supporting the ecosystem's development. Scroll DAO was created in parallel with the launch of SCR, its native token, and is jointly managed by the Scroll Foundation and a Security Council. The governance model has been conducted through delegate voting, which will now undergo review to better align with the project's objectives and the needs of its community. The pause marks a reset moment for Scroll DAO, which seeks to balance decentralization, efficiency, and clear governance amid the expanding layer 2 project sector on Ethereum.
Scroll DAO Pauses All Governance Activities Following Multiple Leadership Resignations and Internal Disagreements
Scroll DAO pauses operations after leaders resign, raising questions about future governance and decision-making. Key proposals are on hold as the community waits for clear direction from the remaining Scroll DAO leadership. Despite the governance pause, Scroll’s ecosystem continues to grow with stable token performance and new partnerships. Scroll DAO has paused its operations after key leaders resigned, raising concerns across the community. The decision was confirmed following a delegate call on September 10. DAO delegate Olimpio announced the pause on social media. The move came after the resignation of Eugene Chen, a key leader within the organization. According to Scroll DAO delegate Olimpio, Scroll DAO governance will be paused, several members of the DAO leadership have resigned, and the organization is in disarray. Although Scroll co-founder Haichen stated that they are "redesigning governance," the future path remains… — Wu Blockchain (@WuBlockchain) September 11, 2025 Chen’s exit followed internal disagreements over the direction of governance. His departure sparked broader uncertainty around the future of the DAO. The timing has left several key governance proposals in limbo. These proposals included treasury management plans and council formation. Governance Uncertainty Increases Community Concerns Scroll DAO was originally designed to support decentralized decision-making for the Scroll Layer 2 project. Token holders were given the ability to vote on decisions. However, the recent leadership changes have disrupted that structure. Community members have raised questions over transparency and communication. Some delegates reported confusion over which proposals remain active. Others pointed to a lack of clarity around decision-making authority during the pause. Internal discussions revealed that leadership preferred to describe the pause as temporary. No strict adherence to a schedule or follow-up. The change of the governance model is under discussion. In May, the market performance of Scroll (SCR) indicated that it might soon experience a turning point in its pricing trends after multiple weeks of decreasing sales. However, A breakout would have signalled a reversal and fuelled up to 150% price growth. Proposals and Council Plans Remain Unresolved Several governance proposals were still under review when the pause was announced. These included a council formation process and contributor recognition plans. A treasury management request and a timelock test were also under discussion. Delegates debated whether these proposals should move forward. However, without active leadership, decision-making is stalled. Community representatives asked for more time to reassess the situation. The council initiative, launched on August 15, had offered paid seats to manage grants and regional nodes. That program now faces an uncertain future. Many within the DAO remain unsure about whether the structure will return in its current form. Scroll Ecosystem Continues Development Amid Pause Despite governance issues, Scroll’s broader development efforts remain active. On September 8, Scroll partnered with Makinafi to expand decentralized finance options. The partnership will deliver stablecoin vault strategies for enterprise and retail users. More than $185 million remains locked in corporate vaults on Scroll. This signals continued demand for its zkEVM infrastructure. The SCR token has been relatively stable with a slight increment in the past 24 hours. In May, Ethereum Layer 2 technology, projects like zkSync , and Scroll were taking key roles in enhancing blockchain scalability and efficiency, as well as blockchain decentralized governance. According to CoinMarketCap, Scroll, a zkEVM-based Layer 2 solution, focuses on scalability and security. Still, the pause highlights ongoing challenges in decentralized governance models. Leadership changes and unclear communication have left the community waiting for direction. Until more details are shared, the future of Scroll DAO remains uncertain.
Scroll: Accepted proposals will continue to be advanced, and no new proposals will be processed before the new governance model is implemented.
Foresight News reported that Scroll has released an update regarding the "Scroll DAO Suspension." All accepted proposals will proceed as planned, but no new proposals will be processed until the updated governance model is introduced. Governance remains effective while the new model is being designed in the workflow. According to previous Foresight News reports, Scroll DAO governance announced a "suspension" today. The DAO leadership has resigned, and the team is "redesigning governance."
Scroll: No New Proposals Will Be Processed Before the Launch of the New Governance Model
Jinse Finance reported that Scroll has released an update stating: "Although all previously approved proposals will proceed as planned, we will not process new proposals until the updated governance model is launched. As outlined in our DAO charter, we welcome experimentation and governance development, and view this as an opportunity for responsible evolution. This prudent measure allows us to design a more efficient, effective, and consistent process. That is to say: 1. All previously approved proposals will proceed as planned. 2. The existing governance mechanism will remain unchanged while the working group designs the new model. 3. We are focused on achieving consistency, efficiency, and sustainability. 4. We will not process new proposals until the updated model is introduced."
Scroll DAO governance suspended, team is redesigning governance
BlockBeats News, on September 11, according to olimpio (@OlimpioCrypto), Scroll DAO officially announced the suspension of its governance mechanism, and DAO leader Eugene has formally resigned this week. Haichen, co-founder of Scroll, stated that the team is "redesigning governance," but has not yet provided a clear follow-up plan or timeline. Team member Raza emphasized during the meeting that they prefer to use the term "suspend" rather than "stop" or "dismantle" to describe this governance change. Currently, several governance proposals (including treasury management proposals) are still ongoing, and their execution status remains uncertain. Olimpico pointed out that the Scroll team repeatedly used the word "experiment" to describe the current governance during the meeting and stated that more time is needed to sort out the situation.
Scroll DAO to pause governance for redesign after leadership exits, says delegate
Scroll DAO, the decentralized autonomous organization behind the Ethereum Layer 2 scaling project Scroll, will pause its governance mechanism following a wave of leadership resignations, project delegate Olimpio reported. Olimpio wrote in a post on X Wednesday that Scroll DAO leader Eugene formally stepped down earlier this week, with Scroll co-founder Haichen Shen explaining the team is currently "redesigning governance." The post also said that Raza Zaidi, head of growth for Scroll, stated that the move should be viewed as a "pause" rather than a permanent "stop" or "dismantling" of governance. Several proposals remain pending, including a treasury management proposal, but their execution status has yet to be determined, according to Olimpio. "TLDR: they are redesigning governance, but the pathway forward is unclear; it seems to me like they'll take a centralized approach. No clear comms yet, or transparency, or plan. Just a 'pause' announcement," wrote Olimpio. The Block has reached out to Scroll for further comment. Scroll DAO came into existence with the launch of SCR, its native token. The DAO operates alongside the Scroll Foundation and a Security Council, with governance facilitated through delegate voting, according to the DAO's documents .
After three months of farming, only received $10: Should we cancel airdrops?
I still remember the scene when I received my first crypto airdrop, as if it happened just yesterday. It was 2020, and I was busy completing bounty tasks on Bitcointalk. One morning, I was woken up by a WhatsApp notification—it was a message from a friend. "Have you used Uniswap?" he asked. I replied, "Yes," and then he said, "Then you should have 400 UNI tokens to claim, which are now worth over $1,000." I immediately went to Uniswap's Twitter page to find the claim link, claimed the tokens, and sold them right away. It was that simple—"free money" falling from the sky. No need to fill out forms, no grinding levels on Discord, and none of those "must contribute to qualify" restrictions. Looking back, that moment defined what airdrops were supposed to be: a surprise "subsidy" for users who love and are actively using the product, not the worthless junk activities we see today. The Golden Age of Airdrops Later, I also received the 1Inch airdrop. At the time, any wallet eligible for the UNI airdrop could also claim 1Inch. But what truly changed my perception of "airdrop mechanics" was the dYdX airdrop. To participate, I had to bridge ETH to the dYdX protocol. Back then, most Layer2 solutions were still at the whitepaper stage, and cross-chain fees were sky-high. I did a few trades to generate some volume—not much—and then bridged my assets back out. Just a day's worth of operations, and I ended up with a five-figure (USD) airdrop. Thinking back, it still feels unbelievable. The total value of the airdrops I received peaked at over $20,000. To be honest, I sold half of it along the way—after all, it was "free money," and cashing out is always the norm. The dYdX airdrop gave me my first decent principal, which I immediately invested in the DeFi sector. During the "DeFi Summer," I did liquidity mining on Juldswap, earning about $250 a day. Honestly, I really miss those days. The Decline of Airdrops Of course, the good times couldn't last forever. After dYdX, I participated in airdrop campaigns for Scroll, Arbitrum, Optimism, and zkSync, with zkSync marking the beginning of my "bad airdrop experiences." However, I will never forget the Scroll airdrop. Expectations were sky-high, and even though co-founder Sandy posted that famous "lower your expectations" tweet, it did nothing to dampen the community's enthusiasm. People kept raising their expectations until disappointment finally hit. The Scroll airdrop allocation was absurdly low—almost a joke. The crypto community's mood instantly plummeted from excitement to despair. Honestly, that airdrop left a shadow over me, and I swore I'd never participate in Layer2 airdrop "mining" again. If it were just Scroll, maybe I could accept it. But what really bothered me was realizing that such "low-quality airdrops" would become the norm in the future. The Current Chaos of Airdrops Fast forward to today, and the airdrop scene is simply a mess. The once "surprise airdrops" have long turned into an "industrialized Sybil attack-style airdrop farming" business. You have to spend months, even years, interacting with various protocols: bridging, adding liquidity, burning gas fees, and building so-called "user loyalty." In the end, whether you get an airdrop is pure luck, and even if you do, the allocation is pitifully small. What's even more outrageous is the emergence of "airdrop claim windows open for only 48 hours"—I remember Sunrise was the first to do this. Even if you finally make it to claim day, you'll find the allocation doesn't match the time and cost you invested, and it often comes with a ridiculously harsh vesting schedule. For example, the 0G Labs airdrop unlocks quarterly over 48 months—48 months, that's a full four years! There are so many of these issues now that whenever I see those "airdrop alpha" tweets, my first reaction is: "Ha, another 'mosquito leg' airdrop." The Game Between Projects and Users The truth is: in recent years, users have become "utilitarian"—there's no need to sugarcoat it. Now, people use a product simply for the rewards; no one is going to spend hours clicking around or contributing to the community just for the so-called ecosystem culture. And what about the project teams? They do want loyal users, but they want "impressive data" for VCs even more—like high user numbers and large community sizes. These stats are enough to boost their valuations when preparing fundraising PPTs. As a result, the relationship between users and project teams has become a game of "farming data" versus "preventing data farming." The result: neither side is happy. Users feel played, and project teams face the challenge of user retention. What Should Airdrops Be Like? If I were to redesign airdrops, I might go back to the Uniswap model: no grand promises, no leaderboards, just a surprise subsidy for loyal users one day. This alone would reduce "industrialized airdrop farming" and lower users' unrealistic expectations. Alternatively, one could learn from Sui's "presale-style airdrop" model—set a reasonable fully diluted valuation (FDV) and give early contributors and users the chance to buy tokens at a discount. The closest to this model now are Cysic and Boundless. They use a "level system" to reward users with presale discounts based on their contributions to the ecosystem. Or, just cancel airdrops altogether and focus on building truly usable products: create something with real product-market fit and a solid revenue model, instead of copy-pasting the same thing 200 times. Honestly, this approach is more in line with the long-term interests of the crypto community. Conclusion The current state of airdrops is downright terrible. It fails both the users who spend time "grinding" for airdrops and the projects trying to build real communities. The end result: everyone feels used. Maybe canceling airdrops and focusing on building products that let everyone make money is the better choice?
After 3 months of farming, only received $10: Should we cancel airdrops?
The way airdrops are supposed to be is to give loyal users a pleasant surprise subsidy. Written by: OxTochi Translated by: Chopper, Foresight News I still remember the first time I received a crypto airdrop, as if it happened just yesterday. It was 2020, and I was busy completing bounty tasks on Bitcointalk. One morning, I was woken up by a WhatsApp notification—it was a message from a friend. "Have you used Uniswap?" he asked. I replied, "Yes," and then he said, "Then you should be able to claim 400 UNI tokens, which are now worth over $1,000." I immediately went to Uniswap's Twitter page to find the claim link, and after claiming, I sold them right away. It was that simple—"free money" falling from the sky. No forms to fill out, no grinding levels on Discord, and none of those "must contribute to qualify" restrictions. Looking back, that moment defined what an airdrop should be: a surprise "subsidy" for users who love and are actively using the product, not the worthless junk activities we see today. The Golden Age of Airdrops Later, I received the 1Inch airdrop. At the time, any wallet eligible for UNI could also claim 1Inch. But what truly changed my perception of "airdrop mechanics" was the dYdX airdrop. To participate, I had to bridge ETH to the dYdX protocol. Back then, most Layer2s were still just whitepapers, and cross-chain fees were sky-high. I did a few trades to generate some volume—not much—and then bridged my assets back out. Just one day of activity, and I ended up with a five-figure (USD) airdrop. Thinking back, it still feels unbelievable. The total value of all the airdrops I received peaked at over $20,000. To be honest, I sold half of it along the way—after all, it was "free money," and cashing out is the norm. The dYdX airdrop gave me my first decent principal, which I immediately invested in DeFi. During the "DeFi Summer," I did liquidity mining on Juldswap, earning about $250 a day. Honestly, I really miss those days. The Decline of Airdrops Of course, those good times couldn't last forever. After dYdX, I participated in airdrops from Scroll, Arbitrum, Optimism, and zkSync, with zkSync marking the start of my "bad airdrop experiences." However, I will never forget the Scroll airdrop. Expectations were sky-high, and even though co-founder Sandy posted the famous "lower your expectations" tweet, it didn't dampen anyone's enthusiasm. People kept raising their expectations until disappointment finally hit. The Scroll airdrop allocation was absurdly low—a complete joke. The crypto community's mood instantly plummeted from excitement to despair. Honestly, that airdrop left a shadow on me, and I swore I'd never participate in Layer2 airdrop "mining" again. If it were just Scroll, maybe I could accept it. But what really bothered me was realizing that such "low-quality airdrops" would become the norm in the future. The Current Chaos of Airdrops Fast forward to today, and the airdrop scene is a complete mess. What used to be "surprise airdrops" have long since turned into an "industrialized, Sybil attack-style airdrop farming" business. You have to spend months, even years, interacting with various protocols: bridging, adding liquidity, burning gas fees, and building so-called "user loyalty." In the end, whether you get an airdrop is pure luck, and even if you do, the allocation is pitiful. What's even more outrageous is the emergence of "airdrop claim windows open for only 48 hours"—I think Sunrise was the first to do this. Even if you finally make it to claim day, you'll find the allocation doesn't match the time and cost you invested, and it often comes with a ridiculously harsh vesting schedule. For example, the 0G Labs airdrop unlocks quarterly over 48 months—48 months, a full four years! There are so many of these issues now that whenever I see those "airdrop Alpha" tweets, my first reaction is: "Ha, here comes another 'mosquito leg' airdrop." The Game Between Projects and Users The reality is this: in recent years, users have become purely "utilitarian"—there's no need to sugarcoat it. Now, people use a product just to get rewards; no one is going to spend hours clicking around or contributing to the community for the sake of so-called ecosystem culture. And what about the project teams? They do want loyal users, but what they want even more are "impressive metrics" to show VCs—like high user numbers and large community size. These numbers are enough to boost valuations when preparing fundraising PPTs. As a result, it becomes a game of "farming metrics" versus "preventing metric farming" between users and projects. The result: neither side is happy. Users feel played, and projects face the challenge of retaining users. What Should Airdrops Be Like? If I were to redesign airdrops, I'd probably go back to the Uniswap model: no hype, no leaderboards—just a surprise subsidy for loyal users one day. This alone would reduce "industrialized airdrop farming" and lower users' unrealistic expectations. Alternatively, you could learn from Sui's "presale-style airdrop" model: set a reasonable fully diluted valuation (FDV) and give early contributors and users the chance to buy tokens at a discount. The closest to this model now are probably Cysic and Boundless. They use a "level system" to reward users with presale discounts based on their contributions to the ecosystem. Or, just cancel airdrops altogether and focus on building truly usable products: create something with real product-market fit and a solid revenue model, instead of copy-pasting the same thing 200 times. Honestly, this approach is more in line with the long-term interests of the crypto community. Conclusion The current state of airdrops is downright terrible. It fails both the users who spend time "grinding" for airdrops and the project teams trying to build real communities. The end result is that everyone feels used. Maybe canceling airdrops and focusing on building products that let everyone make money is the better choice?
After 3 months of farming, only received $10: Should we cancel airdrops?
The current state of airdrops is simply terrible. Written by: OxTochi Translated by: Chopper, Foresight News I still remember the first time I received a crypto airdrop, as if it happened just yesterday. It was 2020, and I was busy completing bounty tasks on Bitcointalk. One morning, I was woken up by a WhatsApp notification—it was a message from a friend. “Have you used Uniswap?” he asked. I replied, “Yes,” and then he said, “Then you should be able to claim 400 UNI tokens, now worth over $1,000.” I immediately went to Uniswap’s Twitter page to find the claim link, and after claiming, I sold them right away. It was that simple—“free money” falling from the sky. No forms to fill out, no grinding levels in Discord, and none of those “must contribute to qualify” requirements. Looking back, that moment defined what airdrops were supposed to be: a pleasant “bonus” for users who genuinely like and use the product, not the worthless junk activities we see today. The Golden Age of Airdrops Later, I received the 1Inch airdrop. At that time, any wallet eligible for UNI could also claim 1Inch. But what truly changed my perception of “airdrop mechanics” was the dYdX airdrop. To participate, I had to bridge ETH to the dYdX protocol. Back then, most Layer2s were still just whitepapers, and bridging fees were sky-high. I did a few trades to generate some volume—not much—and then bridged my assets back out. That one day of activity ended up netting me a five-figure (USD) airdrop. Even now, it feels unbelievable. The total value of all the airdrops I received peaked at over $20,000. Honestly, I sold half of it along the way—after all, it was “free money,” and cashing out is the norm. The dYdX airdrop gave me my first decent principal, which I immediately invested in DeFi. During the “DeFi Summer,” I did liquidity mining on Juldswap, earning about $250 a day. Honestly, I really miss those days. The Decline of Airdrops Of course, those good times couldn’t last forever. After dYdX, I participated in airdrops for Scroll, Arbitrum, Optimism, and zkSync, with zkSync marking the start of my “bad airdrop experiences.” However, I’ll never forget the Scroll airdrop. Expectations were sky-high, and even though co-founder Sandy posted the famous “lower your expectations” tweet, it didn’t dampen anyone’s enthusiasm. People kept raising their expectations, until disappointment finally hit. The Scroll airdrop allocation was absurdly low—a complete joke. The crypto community’s mood instantly shifted from excitement to despair. Honestly, this airdrop left a shadow over me, and I swore I’d never participate in Layer2 airdrop “mining” again. If it were just Scroll, maybe I could accept it. But what really bothered me was realizing that such “low-quality airdrops” would become the norm in the future. The Current Chaos of Airdrops Fast forward to today, and the airdrop scene is a complete mess. The once “surprise airdrops” have long since turned into an “industrialized, Sybil attack-style airdrop farming” business. You have to spend months, even years, interacting with various protocols: bridging, adding liquidity, burning gas fees, and building so-called “user loyalty.” In the end, whether you get an airdrop is pure luck, and even if you do, the allocation is pitiful. Even more outrageous, there are now “airdrop claim windows open for only 48 hours”—I remember Sunrise was the first to do this. Even if you finally make it to claim day, you’ll find the allocation doesn’t match the time and cost you invested, and it often comes with a ridiculously harsh vesting schedule. For example, 0G Labs’ airdrop unlocks quarterly over 48 months—48 months, a full four years! There are so many of these issues now that whenever I see those “airdrop alpha” tweets, my first reaction is: “Ha, another ‘mosquito leg’ airdrop.” The Game Between Projects and Users The truth is: in recent years, users have become purely “utilitarian”—there’s no need to sugarcoat it. People use a product just to get rewards; no one is going to spend hours clicking around or contributing to the community for some so-called ecosystem culture. And what about the project teams? Sure, they want loyal users, but what they want even more are “impressive metrics” to show VCs: high user numbers, large community size. These numbers are enough to boost their valuations when preparing fundraising PPTs. So, it’s become a game of “farming metrics” versus “anti-farming metrics” between users and projects. The result: neither side is happy. Users feel played, and projects face user retention problems. What Should Airdrops Be Like? If I were to redesign airdrops, I’d probably go back to the Uniswap model: no hype, no leaderboards, just a surprise bonus for loyal users one day. This alone would reduce “industrialized airdrop farming” and lower users’ unrealistic expectations. Or, take inspiration from Sui’s “pre-sale airdrop” model: set a reasonable fully diluted valuation (FDV), and give early contributors and users the chance to buy tokens at a discount. The closest to this model now are Cysic and Boundless. They use a “tier system” to reward users with pre-sale discounts based on their contributions across various ecosystem activities. Or, just cancel airdrops altogether and focus on building truly usable products: create something with real product-market fit and establish a solid revenue model, instead of copy-pasting the same thing 200 times. Honestly, this approach is more in line with the long-term interests of the crypto community. Conclusion The current state of airdrops is simply terrible. It fails both the users who grind for airdrops and the projects trying to build real communities. The end result: everyone feels used. Maybe canceling airdrops and focusing on building products that allow everyone to make money is the better choice?
Scroll (SCR) To Rally Higher? Key Emerging Fractal Signaling Potential Upside Move
Date: Thu, Aug 21, 2025 | 08:56 AM GMT The cryptocurrency market is bouncing back from its recent dip as Ethereum (ETH) reclaims $4,300, registering a 3% daily gain. This upside momentum is spilling over into altcoins , with Scroll (SCR) emerging as one of the notable movers. SCR surged by an impressive 14% today, and its chart is now flashing a bullish technical setup that strongly resembles the breakout structure seen in Bio Protocol (BIO) in this week. Source: Coinmarketcap SCR Mirrors BIO’s Breakout Structure BIO provides a valuable fractal reference. After forming a falling wedge pattern breakout—a well-known bullish reversal signal—BIO consolidated beneath a red-marked resistance zone before reclaiming multiple resistance levels. The breakout fueled a powerful 124% rally in just weeks. BIO and SCR Fractal Chart/Coinsprobe (Source: Tradingview) Now, SCR is beginning to trace a similar path. The token has broken out of its falling wedge pattern and has established a support foundation around the red zone at $0.347. Currently, SCR is trading above that level at $0.41, signaling strength in its price structure. What’s Next for SCR? If the fractal continues to play out, holding this $0.357 support zone could serve as the springboard for the next rally leg. The next major resistance lies near $0.692, which would represent an 85% upside from current levels. However, traders should remain cautious. A dip back below the red zone support could invalidate the bullish setup and push SCR into deeper consolidation. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
Here's the team behind Freysa AI that has quietly raised $30 million from Coinbase Ventures and others
Freysa AI, a crypto-AI project building on the Base blockchain, has quietly raised $30 million in funding as it aims to "equip every human with a personal AI twin." But the project hasn't disclosed its founding team, corporate entity, or investors — details The Block has now confirmed. The Block has learned that Selini Capital and Coinbase Ventures are two of the backers of Freysa AI. The Block has also confirmed that the entity behind the Freysa AI agent is called Eternis AI. Freysa has not previously disclosed the existence of Eternis and has kept its team anonymous. The Freysa-Eternis link has previously appeared online in a Substack post by Lucas Shin, a crypto-AI researcher at Delphi Digital, and a couple of recent LinkedIn posts , but it has remained largely unnoticed and unreported until now. A Selini Capital spokesperson told The Block the firm invested in Freysa's token round involving its native FAI token but declined to comment on the $30 million figure or share additional details. Meanwhile, a Coinbase Ventures spokesperson said the firm invested in Eternis itself as part of the project's $30 million round. "We're grateful for the passionate support of our community and significant financial backing — over $30 million from investors who value decentralization principles and key leaders at the large AI labs," the Freysa team wrote in its Telegram group this month. "This enables focused execution of our ambitious goals." Eric Conner, a former core Ethereum developer who now works with the Freysa team, confirmed to The Block that the team has raised funds but declined to share further details. Conner joined Freysa earlier this year after nearly 11 years in the Ethereum ecosystem, citing disagreements with the Ethereum Foundation's leadership. What is Eternis and who is behind it? Eternis, founded last year, describes itself as "an applied AI lab focused on: enabling digital twins for everyone, multi-agent coordination, and sovereign agent systems" — aligning with Freysa's stated mission to "equip every human with a personal AI twin — fully owned, portable, and versatile. Tuned to you." Eternis was co-founded by Srikar Varadaraj, Pratyush Ranjan Tiwari, Ken Li, and Augustinas Malinauskas. Varadaraj previously co-founded Spectral, which developed identity and credit-scoring infrastructure, and later pivoted to AI agents. He also served as a senior advisor to the Ethereum scaling project, Scroll. Tiwari previously worked briefly with blockchain project Celo and collaborated with the Ethereum research team. Li was formerly the executive director of investments at Binance Labs (now YZi Labs). Malinauskas, Eternis' CTO, was previously co-founder and CTO of Views, a mobile inventory management firm. In its Telegram group last week, Freysa said its team includes "people with PhDs in cryptography, theoretical physics, formal languages, category theory, and repeat founders" — matching the backgrounds of the four co-founders. One of the LinkedIn posts referencing Eternis came from tech recruitment agency Luna Park last month. It described Freysa as a "safety-awareness experiment" built by Eternis and said the company is hiring founding backend engineers at salaries ranging from $150,000 to $1 million plus equity. The same post said that Eternis has raised $35 million and mentioned angel investors from Anthropic's board as backers, with Menlo Ventures and Lightspeed set to join in an “upcoming round.” Anthropic, Menlo, and Lightspeed did not respond to The Block's requests for comment by publication time. The Block also found that North Island Ventures (NIV) lists Eternis as a portfolio company on its website. Travis Scher, co-founder and managing partner at NIV, declined to comment when asked if the firm has invested in Freysa or Eternis. An onchain analysis by X user @rmendezz__ claimed that wallets linked to Pantera Capital, Wintermute, Spartan Group, Amber Group, Flowdesk, Echo (founded by popular crypto trader Jordan Fish, better known as Cobie), Arthur Hayes, and Scroll's Sandy Peng hold Freysa's FAI token. Almost all of those named denied involvement when contacted by The Block. A Spartan Group spokesperson said the firm, including its advisory unit, has "no relationship" with Freysa. Wintermute CEO Evgeny Gaevoy said the firm's venture unit hasn't invested. Hayes said neither he nor his fund, Maelstrom, had participated. Flowdesk co-founder and CEO Guilhem Chaumont said the firm hasn't invested. A source with direct knowledge of the matter said Pantera also hasn't invested. Amber and Scroll's Peng declined to comment. Another source with direct knowledge of the matter told The Block that one group from Cobie's Echo has invested in FAI. The Block also contacted a16z to check whether the firm has invested in Freysa. A spokesperson of the firm said neither a16z crypto nor the main a16z firm has backed the project. The FAI token launched last December and is currently trading at around $0.020, with both its market capitalization and fully diluted valuation near $166 million, according to The Block's FAI price page . It's listed on Coinbase, Gate, MEXC, and other exchanges, and has increased about 10% over the past 30 days. Freysa's developments so far Freysa describes itself as the "first sovereign AI agent" — software that can think and act independently, without being controlled by centralized companies or humans. The project's core goal is to let users own AI twins that can securely interact, transact, and coordinate on their behalf. Since launching last November, Freysa has completed six public challenges, each structured as a game testing AI behavior and human interaction. In the first two "acts," players won prize money by bypassing Freysa AI's no-transfer rule. The other two acts challenged users to make Freysa say "I love you" and introduce an AI "digital twin" that competed in a virtual town hall, with the biggest prize payout of nearly $200,000. Two additional acts — Meme Engine and Encyclopedia Galactica — involved users submitting memes or knowledge-preservation ideas. In total, Freysa has paid out around $286,000 across its six experiments. In February, Freysa launched the "sovereign agent framework," a toolkit for building autonomous AI agents that can act independently and securely. It lets users create agents such as AI treasuries, private AI assistants, and trading bots — all running with cryptographic proof and no human control. Earlier this week, Freysa contributed to the "Strategic ETH Reserve" as “the first onchain agent allocating to ETH.” It allocated around 312 ETH to the reserve, worth around $821,000 at current prices. In the Telegram group, Freysa said it has also built tools that haven't yet been released. These include a "fully autonomous twin-run venture capital firm," capable of disbursing funds via smart contracts, and "simulated negotiation games among 100 interacting AI twins." "Within the next 2 years, twins will collectively guide Freysa's trajectory, collaboratively developing new acts [and] networks," the team wrote. "Imagine the first community-owned and governed AI lab, with even datacenters and other infrastructure being co-owned by many of us, mediated by our twins. This is the future we want to make a reality." Freysa says its long-term goal is to transition toward "decentralization and community ownership" as AI capabilities increase. The team is especially focused on preparing for artificial general intelligence — or AGI — a form of AI that could match or exceed humans in most cognitive tasks. "AI will improve dramatically in the coming years," the project said. "Humanity succeeds when everyone is equipped with an AI twin, deeply personalized, capable of understanding your intent and authentically acting upon it." The Funding newsletter: Stay updated on the latest crypto funding news and trends with my free bimonthly newsletter, The Funding. Sign up here !
Top 6 EVM Chains by On-Chain Activity: BNB Leads Transactions, IOTA & Scroll Newest Entrants
New data from Nansen listed the top EVM-compatible chains that witnessed the highest on-chain activity over the past seven days. Similar to the Ethereum blockchain, these chains are blockchains that use EVM’s capabilities, enabling developers to build DApps and smart contracts. As reported by the latest Nansen data today, several EVM blockchains (led by IOTA, Hyperliquid, and many others) experienced impressive growth in on-chain activity in the past week. Some EVM chains had a strong week by user growth, others by pure throughput: 🔼 Top % change in active addresses: – @iota : +123% – @HyperliquidX: +35% – @SeiNetwork : +22% 🔼 Top % change in transactions: – @BNBChain: +49% – @SonicLabs: +13% – @Scroll_ZKP : +11% pic.twitter.com/le32gEX313 — Nansen 🧭 (@nansen_ai) May 25, 2025 IOTA leads active wallet activity First, the data listed top EVM chains with growth in active addresses over the week. The IOTA Network emerged as the top EVM chain that registered the highest increase of active addresses last week, representing a massive 123% rise. The second largest EVM chain, in terms of the surge in active wallets, is Hyperliquid. The Hyperliquid blockchain experienced a 35% increase in active addresses during the week. This remarkable rise is tied to HYPE’s resurgence. In the past seven days, the asset’s price massively rose by 27.8%, which enabled it to climb to a new ATH of $37.24 two days ago. This implies that investors are putting more capital into the decentralized derivatives exchange than ever before. The network attracted a large number of active wallets, indicating increased confidence in the platform. The Sei Network emerged as the third most popular EVM chain, with a 22% growth in active addresses recorded over the past week. This figure highlights a growing chain where users are using DApps on the network. This increase indicates the rising engagement and use of the Sei Network. BNB Chain leads in transaction volume The Nansen data also listed the top EVM chains that registered the highest transaction volume over the last seven days. BNB Chain topped all other EVM chains, pulling in a massive 49% increase in transaction volume over the past week. It is not by chance that BNB Chain is the leader in crypto transaction volume. The network has been strategically working to become a top chain for crypto trading activity. Its simplified platform, low transaction fees, and fast processing times make it a top choice for crypto transactions. Sonic Labs took the second position, beating other EVM chains in terms of transaction volume. Over the last seven days, transaction volume on Sonic Labs rose by 13%, an indicator of heightened capital inflows and increased user activity in the EVM chain. Finally, the Scroll ZKP Network made it to the third position, showcasing it as a prominent EVM chain. Scrolls, which is an Ethereum layer-2 scaling solution, experienced an 11% increase in transaction volume, knocking other EVM chains from the list.
5 Reasons to Be Bullish on Ethereum Long Term
Ethereum, the world’s second-largest blockchain network by market capitalization, is facing a flat price trend in early 2025. Still, many developers, investors, and analysts remain confident in its long-term value. From infrastructure upgrades to token standards and rising institutional interest, several key developments suggest Ethereum may be well-positioned for sustained growth. Below are 5 reasons to be bullish on Ethereum over the long run. ETHUSDT CHART 1. Vitalik Buterin’s Plan to Simplify Ethereum and Boost Performance Ethereum co-founder Vitalik Buterin recently proposed replacing the Ethereum Virtual Machine (EVM) with a new execution environment based on RISC-V, an open-source processor instruction set. The goal is to make Ethereum’s codebase simpler, faster, and easier to maintain, while still supporting existing smart contracts. Buterin believes this could lead to a 100-times increase in efficiency for zero-knowledge proofs, which are key to scaling and privacy. He also said the network could become “close to as simple as Bitcoin” within five years, helping Ethereum become more neutral and trustworthy as a global base layer. Although the plan involves risks, such as breaking backward compatibility and requiring developer retraining, it signals a serious effort to reduce complexity and improve Ethereum’s long-term sustainability. 2. Ethereum’s Role in Tokenizing Real-World Assets Institutional interest in Ethereum is growing. One example is BlackRock’s plan to tokenize $150 billion in U.S. Treasury assets, a move that would bring traditional financial products onto the blockchain. These trades are expected to happen onchain, and Ethereum is widely seen as the likely network of choice. If this happens, it could increase Ethereum’s total value locked (TVL) by up to 4 times, from $52 billion to more than $200 billion. This would strengthen Ethereum’s lead in decentralized finance (DeFi), where it already far outpaces other networks like Solana. More importantly, success by BlackRock could start a domino effect, encouraging other institutions to bring their assets onchain—and possibly on Ethereum. 3. Ethereum’s Growing Focus on Interoperability Ethereum developers are actively working on improving cross-chain communication. Two new token standards, ERC-7828 and ERC-7930, are being developed to help applications, wallets, and block explorers understand token data more clearly. ERC-7930 introduces a compact, binary format for cross-chain addresses, while ERC-7828 adds a human-readable version. These changes aim to create a simpler, unified user experience across Ethereum-compatible chains. This kind of interoperability is critical as the blockchain ecosystem becomes more interconnected. If adopted widely, these standards could reduce user mistakes, improve wallet compatibility, and help Ethereum remain the dominant base layer for cross-chain applications. 4. On-Chain Metrics Point to Accumulation Ethereum’s MVRV Z-Score, a key on-chain indicator, has returned to its historical accumulation zone, suggesting that ETH may be trading near its cycle bottom. In previous cycles, similar readings occurred just before multi-month or multi-year price increases, including in late 2018, March 2020, and mid-2022. This does not guarantee price movement in any direction, but it shows that many long-term holders are accumulating ETH at current levels. Such behavior typically reflects growing confidence in the network’s future potential, regardless of short-term volatility. 5. Ethereum Layer 2 Projects Are Making Major Progress Ethereum’s rollup-based scaling strategy continues to show results. This week, Layer 2 project Scroll announced that it has become the first zk-rollup to allow users to exit independently without relying on a central sequencer. This milestone moves Scroll closer to full decentralization and improves user trust. Ethereum’s ecosystem now includes multiple Layer 2 solutions, such as Optimism, Arbitrum, zkSync, and StarkNet. Together, they are making Ethereum more scalable and affordable, while maintaining strong security from the Ethereum mainnet. These developments are part of Ethereum’s broader effort to become the foundation for all types of digital activity—from finance to identity, gaming, and real-world asset settlement.
TikTok Meets Crypto Trading in Token.com’s Plan to Onboard the Next Billion Users
What if crypto felt less like a finance terminal and more like a social app? That’s the question driving Mel Gelderman, CEO of Token.com, to rebuild the user experience around stories, creators, and seamless participation. Earlier this month, BeInCrypto spoke with Gelderman to unpack his vision for Token.com, a crypto platform that combines video-first discovery with seamless in-app trading. The Scroll-to-Invest Experience Launched in 2023, Token.com blends short-form video, curated feeds, and in-app trading. It offers a TikTok-like experience where users can discover and buy, tokens directly from content. However, underneath that design is a broader mission to rethink how discovery, trust, and trading come together in Web3. “We’re not competing against Coinbase or Binance. We’re really competing against social media. We’re competing for the user’s time, and the app needs to be at least as exciting as TikTok or Instagram,” Gelderman said. On Token.com, each video is tagged with tokens, and a real-time algorithm surfaces content by tracking trading activity rather than relying solely on likes or comments. “We are tracking the performance of the tokens they talk about. If a creator is literally pump and dumping on their audience all the time, our system will know that, our algorithm will take that into account, and their score will go down. Whereas the creators that are really good with their audience, that are actually showing tokens that might do well. Those are the creators that should go to the top.” The Creator Economy, Reinvented While discovery is a major focus, Token.com also reimagines what it means to be a creator in crypto. On most platforms, creators build audiences but don’t own the value they generate. Token.com flips that dynamic by tying revenue directly to trading activity. If a viewer buys or sells a token after watching a creator’s video, that transaction generates a fee, and the fee goes to the creator. “Imagine Joe Rogan coming onto Token.com and interviewing founders in crypto. Those videos will generate millions, if not maybe even hundreds of millions of dollars in volume. […] It should be going to the creators who are doing the work,” he explained. In addition to the creators and users, Token.com provides opportunities for projects to promote their content by offering token-based rewards to viewers. When a project wants to highlight a walkthrough of their protocol, they can “boost” that video. Users who watch it may receive an airdrop, and creators who host it receive additional income. This game-changing feature is currently in the works. By tying visibility and rewards directly to engagement, the platform creates a system where incentives reinforce quality. Creators are rewarded when their content drives trading, projects can boost visibility through token-based promotions, and the platform’s algorithm surfaces content that performs. Over time, higher-quality content gets more reach, and audiences engage with fewer unknowns. Unlocking the Next Phase for Creators While the current product focuses on discovery and in-feed engagement, Token.com is preparing to launch a new feature that allows creators to issue tokens directly through the platform. “But that’s the future. We’re going to finish some major updates first, and then I think maybe at the earliest in October, we launch the Launchpad feature where people can create new projects,” Gelderman said. This feature would give creators and founders a way to tokenize their ideas and raise support from their communities. For Gelderman, it marks a turning point for what Token.com is really building toward. “I think that is the last part to how an app like Token.com gets to a billion users.” The upcoming Launchpad builds on the current $TOKEN utility model. Right now, both users and creators can earn partial rewards through platform activity—airdrop participation, trading volume, or content engagement. But full access is only unlocked through staking or holding the native token. “What we’re going to do is if you are a creator on Token.com, you will earn some of the revenue from your videos. But if you hold our own token, if you stake some of our token, you will unlock all of it. It’s the same for the user. If you are a user on Token.com, you will earn some airdrops on some of the boosted videos. But if you hold our Token.com token, you will unlock fully all the rewards. This is the functionality that we’re bringing to the app.” Security, Compliance, and the Cost of Playing by the Rules As an app that blends investing and content, BeInCrypto asked how Token.com is thinking about the platform’s security. According to Gelderman, security starts by giving users control. Token.com has moved entirely to a non-custodial wallet model, meaning the platform doesn’t have any access to the users’ funds. Wallets are generated directly on the user’s device and secured through encrypted hardware modules, with access tied to familiar logins like Gmail or Apple ID. “Is it perfect? No. But no storage solution in this industry is perfect,” he acknowledged. “If better solutions come out in the future, then we will upgrade. But right now, this is really the best case scenario because the trade-off with security is if you make it too secure, the user could also lose access.” Furthermore, regulatory compliance can be challenging for an app like Token.com, particularly in jurisdictions like the UK, where lawmakers have begun cracking down on how crypto influencers promote tokens. Rather than retrofitting the platform to comply with what Gelderman describes as “unworkable” frameworks, Token.com has shifted focus toward markets with more supportive environments. “We’re going to go to countries that do want innovation, like in Latin America, Asia, and Africa. These countries are open to innovation because so much innovation can happen with crypto,” he added. To hear more about how Token.com is rethinking crypto discovery, creator incentives, and the future of tokenized communities, watch the full interview with Mel Gelderman on BeInCrypto’s podcast.
Scroll has been upgraded to Stage 1 zk-Rollup via Euclid
Scroll officially announced on X that it has upgraded to a Zk-Rollup that meets Stage 1 standards through Euclid. The Euclid upgrade introduces a permissionless sequencer mode to ensure that the network can remain active even if the sequencer fails. In addition, Scroll has established a diverse security committee consisting of 12 members (75% approval, 7 independent members) to provide security guarantees, while users can safely exit before the upgrade. In the future, Scroll plans to move towards Stage 2 through a multi-proof system and Zk+TEE technology.
Scroll Upgraded to Stage 1 zk-Rollup with Euclid
According to ChainCatcher, Scroll's official post on X stated that it has upgraded to become a Stage 1 standard zk-Rollup with the Euclid upgrade. The Euclid upgrade introduces a permissionless sequencer mode, ensuring the network remains active even if the sequencer fails. Additionally, Scroll has established a diverse security council composed of 12 members (requiring a 75% vote to pass, with 7 independent members) to provide security guarantees, and users can safely exit before the upgrade. In the future, Scroll plans to advance to Stage 2 through a multi-proof system and Zk+TEE technology.
Scroll Co-Founder: Scroll Becomes the First zk-Rollup to Reach Stage 1
Scroll co-founder Ye Zhang tweeted that Scroll achieved a critical upgrade with the Euclid update, becoming the first zk-Rollup to reach Stage 1. This ensures that users have sufficient time to exit before system changes, supports Layer 1 forced transaction submission, and allows the network to automatically open if the sequencer or provers go down, ensuring system activity.
Locked Tokens Leave Crypto Investors With 75% Losses
The crypto market is facing a harsh reality for investors who bet on locked tokens. According to recent data, between May 2024 and April 2025, these investors recorded an average loss of 50% compared to over-the-counter (OTC) valuations, worsening distrust towards new projects. In Brief Locked tokens generated average losses of 50%, worsening crypto investors’ distrust. Over 40 billion dollars in altcoins will soon be unlocked, increasing market pressure. In 2025, only strong projects with high demand will succeed in standing out. Severe Losses for Holders of Locked Tokens Between May 2024 and April 2025, investors who bought locked tokens suffered an average loss of 50% compared to over-the-counter valuations, according to STIX. Some cryptos like Scroll (SCR) and Blast (BLAST) dropped by more than 85%, while Eigenlayer (EIGEN) lost 75%. In comparison, the overall crypto market fell by only 40.7% during the same period. The contrast is even more stark against Bitcoin ( BTC ), which gained 45% in the same timeframe. Moreover, a dollar invested in a locked token would currently be worth only 0.25 dollar on the OTC market. These alarming results illustrate the major risk associated with prolonged vesting periods, which prevent any quick exit and expose crypto investors to uncontrolled price drops. Consequences for the Crypto Market and 2025 Forecasts With more than 40 billion dollars in locked altcoins about to be released, the crypto market could face massive selling pressure. This excess supply is likely to prolong the bearish trend on new projects. However, the shortening of vesting periods observed in 2025 could partially limit the damage. Analysts anticipate a more selective market: only crypto projects showing strong traction and sustained organic demand should succeed in outperforming this year. Facing historic losses of nearly 100 million dollars and the massive arrival of tokens on the market, caution is more necessary than ever in the crypto world. In 2025, only solid projects will survive this pressure. Investors will need to be extra vigilant to navigate an environment that has become much more selective.
Locked Token Holders Face 50% Losses as $40B in Altcoins Set to Unlock: STIX
According to data shared by STIX founder Taran Sabharwal, investors holding locked tokens have faced major losses over the past year. Between May 2024 and April 2025, the average drop in value from over-the-counter (OTC) valuations to current spot prices recorded was around 50%. Locked Tokens Underperform Amid Market Decline Sabharwal’s analysis highlighted that many investors missed opportunities to exit at double today’s prices in 2024, as market conditions led to widespread devaluations across major tokens. Unreleased token deals are often made early with long-term expectations, but over the past year, market changes and project-specific issues have led to heavy losses. Almost all the tracked projects have seen large drops in value. Scroll (SCR) and Blast (BLAST) were hit the worst, falling by 85% and 88% respectively. Eigenlayer (EIGEN) followed with a 75% drop. Other projects like ZKsync (ZK) at -64%, Wormhole (W) at -50%, and io.net (IO) at -48% also saw sharp declines. Jito was the only project to post gains, rising 75% over the same period. Overall, these early-stage token investors who committed to locked positions faced greater losses than the general crypto market. Data from Artemis shows the broader market declined by an average of 40.7% during the same timeframe, about 20% less than the average loss for locked tokens. Investors Are Facing More Losses Further, when factoring in liquidity value over the past 12 months, such holders lost another 31% in opportunity cost when compared to Bitcoin (BTC), which gained 45% during the same period. On top of that, with over $40 billion in locked altcoins set to be released soon, sellers are now facing another 50% discount when exiting through OTC markets. Based on this data, $1 invested a year ago would now be worth $1.45 in BTC. On the other hand, that same $1 held in an unreleased coin is now worth $0.50. Further, with the current OTC discount, it would sell for only $0.25. This results in a total value loss of approximately 82.8% compared to BTC, and 75% compared to the USD. The analyst also noted that since most cryptocurrencies are reaching the end of their cliff periods in 2025, discounts are slightly lower now due to shorter vesting durations. Locked tokens usually come with vesting schedules or restrictions that delay when they can be sold. This leaves holders exposed to price changes during the lock-up period, as they cannot immediately liquidate their holdings.
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