Scroll, the zero-knowledge (ZK) Ethereum Virtual Machine (EVM) is firing on all cylinders as demand for its ecosystem grows.
Data shows that the network is attracting substantial developers and users, which has led to substantial ecosystem growth.
According to DeFi Llama, Scroll now has 87 dApps in the Decentralized Finance (DeFi) industry. In contrast, TON Blockchain has just 19 dApps, while Tron and Sui have 34 and 37 dApps, respectively.
Scroll is not a ghost chain, as people use the dApps made using its blockchain. As a result, the total value locked (TVL) in the Scroll ecosystem has risen to over $777 million, higher than networks like Optimism, Sui, Sei, Cronos, and Cardano.
Optimism has $761 million in assets, while Sui, Sei, Cronos, and Cardano have less than $550 million. Additionally, Scroll has over 76,000 active users, a figure continuing to grow, and a combined bridged TVL of $1.4 billion. It has also processed 70 million transactions; as shown below, the number of unique addresses has risen.
Some of the top networks in Scroll are the Pencils Protocol, Tranches Yield, AAVE V3, Ambient, LayerBank, and Nuri Exchange.
Scroll is working on partnerships to grow its ecosystem. This week, it partnered with Ethena, the creator of the USDe stablecoin, the fourth-biggest in the industry. The partnership means that users can interact with the USDe stablecoin on exchanges like Nuri and Ambient and save money when doing on-chain transactions.
Further, the developers also partnered with Lorenzo Protocol, a platform that has pioneered the concept of Bitcoin restaking.
For starters, Scroll is a fast-growing layer-2 network aiming to scale Ethereum’s blockchain. It uses the zero-knowledge technology that bundles transactions into a single proof submitted to Ethereum’s mainnet, reducing gas fees and boosting transaction speeds. Also, as an EVM, the network allows existing Ethereum smart contracts and applications to run on its network without modifications.
It has joined a highly competitive industry where top players like Arbitrum, Optimism, and Base dominate.
