Scroll SCR launch: $1.54B pre-market FDV below $1.8B funding round
Quote244 words
Explains why the SCR launch is received poorly: a pre-market FDV of $1.54B below the $1.8B funding round, an airdrop seen as unfair and weak recent L2 launches. Previews a joint A1 Research and Redacted report.
Key claims
Pre-market FDV $1.54B vs $1.8B last round
Expected airdrop value about $107M
Scroll TVL $1.3B
Scroll was one of the most anticipated zkEVM rollups back in 2023 and many had high expectations for the $SCR token & airdrop.
One year after mainnet launch, @Scroll_ZKP has a TVL $1.3B and TGE is finally coming, marking a first step towards decentralization.
However, the market environment has changed.
The hype around (zk)EVM L2s, at least from a market valuation perspective, has subsided and many recent token launches in the sector (incl. $MANTA $MODE, $TKO and $ZK) have struggled to maintain their high launch valuations.
Aside the negative narrative around low float / high FDV coins in general, another major contributor to this trend has been the increasing saturation of the EVM market and the growing competition from altVM L1s and L2s that chains like Scroll are facing (at least in terms of mindshare).
The community backlash that arose from the $SCR token distribution, which many perceive as unfair, has further contributed to a quite pessimistic discourse around the future outlook for @Scroll_ZKP and its token after the launch announcement.
The result of this is a pre-market FDV of $1.54B with an expected airdrop value of roughly $107M, solidifying the disappointment many community members feel, and putting the $SCR valuation below the FDV from the last funding round (supposedly $1.8B).
With @RedactedRes, we dove deep into Scroll's tech stack and ecosystem, and have condensed our findings into a comprehensive research report.
Where will Scroll go from here?
Find out.
Highly recommended read. ↓
QUOTING @a1research__
$SCR is set to launch on Oct 22nd and is currently trading at $1.5B FDV pre-market, which is below the $1.8B FDV of its latest funding round. With a lot of FUD around @Scroll_ZKP on CT, we set out to uncover what the future really holds in store for this once highly anticipated
$SCR is set to launch on Oct 22nd and is currently trading at $1.5B FDV pre-market, which is below the $1.8B FDV of its latest funding round. With a lot of FUD around @Scroll_ZKP on CT, we set out to uncover what the future really holds in store for this once highly anticipated
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How the covered assets moved · since 10 Oct 2024
Prices as of 23 Oct 2026This market take reads the setup without making a call on the token, so price moves since publication are shown as market context.
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$SCRScrollsince listing 23 Oct 2024−98%−99% vs BTC
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