Scroll Surpasses $1 Billion in TVL with 21.9% Weekly Increase and 17.15% Surge Today

Jul 15, 2024, 12:44 PM

Scroll, an Ethereum Layer 2 network, has achieved a significant milestone by surpassing $1 billion in Total Value Locked (TVL). According to L2Beat, Scroll's TVL increased by 21.9% over the past week, reaching $1.01 billion, with a 17.15% increase today. Of this amount, 87.17% is in ETH, 11.22% in stablecoins, and the remainder in other assets. This makes Scroll the eighth Ethereum Layer 2 network to surpass the $1 billion mark. The network is now in the top 5-10 of all L2s by bridged TVL, with $120 million in weekly volume.