Bitcoin’s Pencils Protocol Project (Part 1) #bitcoin #bitcoin #blockchain #Ethereum #cryptocurrency #virtual currency #currency circle #stock market

Hello everyone, this is Bitcoin market analysis, hot spots in the currency circle, and interpretation of major financial events. Today I’d like to talk to you about the Pencils Protocol project.

The flow of value in the Layer 2 ecosystem often fluctuates due to changes in airdrop expectations. As Layer 2 projects such as Starknet and Manta have successively issued coins, the enthusiasm for community interaction has gradually turned to other Layer 2 networks that have not yet issued coins.
Among the many potential options, Scroll has become one of the main Layer 2 positions currently undertaking traffic and fund transfers with huge financing endorsements of tens of millions of dollars and multiple “hand-picked appointments” by Ethereum co-founder Vitalik. According to Defillama data, Scroll’s network-wide total value locked (TVL) has maintained a significant net inflow trend over the past few months and has now grown to approximately $87 million.