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Scroll, a Layer-2 Ethereum scaling solution using zkRollup technology, is set to unlock 40 million SCR tokens on Apr 22nd. The tokens represent 4% of the 1 billion SCR. The new release will be added to the current circulating supply of around 190 million SCR, valued at approximately $9.2 million, introducing liquidity into the market.
The project has been expanding its ecosystem through collaborations with big players like Chainlink, Ether.fi, Alchemy Pay, and Nansen, and it notably launched its mainnet in October 2023. Through the inclusion of Chainlink, developers can now leverage stable, low-latency streams of market data, enabling sophisticated DeFi applications on the Scroll network.
As the project progresses, investors are advised to keep an eye on the next unlock event, especially since such events can introduce volatility into the market due to dumping new tokens into the market and potentially devaluing them as a function of reactions of current holders. Ultimately, the impact on the price of SCR will depend on demand trends and the general market condition at that time.
Unlock Date: Apr 22nd
Number of Tokens to be Unlocked: 40 million SCR (4% of Max Supply)
Current Circulating Supply: 190 million SCR
Total supply: 1 Billion SCR
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