CandleFocus

Scroll joins 2024’s L2s in a race to the bottom

Author: Content Editor
The Scroll network launched its mainnet on October 17, 2024, utilizing zk-rollup technology to improve Ethereum's scalability. However, the project has struggled to gain market traction compared to similar layer 2 projects. The Scroll token has experienced a 23% decline since its launch, and other L2 tokens like Taiko and Blast have also seen significant decreases. Despite initial enthusiasm, Scroll has had difficulties attracting developers and bridging activity from Ethereum compared to competitors like Polygon and Matter Labs. The broader market adoption of zk-rollup solutions has been slow, and the network's reliance on Ethereum's ecosystem has affected its growth. However, Scroll has substantial funding and investor confidence in its long-term potential. In comparison, Polygon's zkEVM and zkSync Era have enjoyed more immediate usage post-launch with stronger integration into decentralized finance. Starknet faced scalability issues post-launch but rebounded with developer support and upgrades. Scroll hopes to learn from the experiences of other L2 projects and remain optimistic for long-term success.

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