This article provides a detailed analysis of the current Scroll (SCR) market performance, including price trends, trading data, and essential information about the project. Understanding these metrics is crucial for anyone interested in the Scroll ecosystem or considering it as part of their portfolio.
Detailed Performance Metrics
The current market sentiment for Scroll is bearish. SCR has shown weakening performance against top cryptocurrencies, leading categories, and other blockchains across multiple time frames.
Recent Price Performance
The following table outlines SCR's percentage changes against various trading pairs over different periods.
| Trading Pair | 1h | 24h | 7d | 1m | 3m | 1y |
|---|---|---|---|---|---|---|
| SCR/USD | +0.17% | -1.04% | -2.08% | -14.64% | -8.18% | -- |
| SCR/BTC | -0.18% | -1.95% | -3.04% | -16.93% | -27.58% | -- |
| SCR/ETH | +0.21% | -0.83% | -2.49% | -13.08% | -29.84% | -- |
| SCR/DeFi | -0.30% | -0.76% | -0.88% | -13.39% | -25.71% | -- |
| SCR/Blockchain | +0.08% | -1.06% | -2.39% | -11.57% | -22.39% | -- |
This data indicates a consistent downward trend over the past one to three months, with the most significant losses seen against Bitcoin (BTC) and Ethereum (ETH).
Where to Trade Scroll (SCR)
SCR is actively traded on several major cryptocurrency exchanges. The following platforms offer significant liquidity for SCR trading pairs.
| Exchange | Trading Pair | Last Price | Volume (24h) | Market Share | Last Update |
|---|---|---|---|---|---|
| Binance Futures | SCRUSDT (75x) | $0.25 | $2.37 M | 20.493% | Recently |
| MEXC | SCR/USDT | $0.2483 | $1.68 M | 14.556% | Recently |
| Binance (Spot) | SCR/USDT | $0.248 | $1.44 M | 12.485% | Recently |
| HTX | SCR/USDT | $0.2481 | $1.31 M | 11.288% | Recently |
| OKX Futures | SCR-USDT-SWAP (50x) | $0.25 | $715,536.68 | 6.184% | Recently |
For traders looking to execute advanced strategies, these platforms provide the necessary tools and liquidity. You can explore more trading strategies on major platforms to enhance your approach.
Understanding Scroll's Market Data
Let's break down the key live metrics that define Scroll's current market position.
Current Price: The live price of Scroll (SCR) is approximately $0.248.
24-Hour Change: The price has decreased by -1.04% in the last day.
Trading Volume: The 24-hour trading volume for SCR is $10.39 million.
Market Capitalization: Scroll's current market cap is $47.03 million, which constitutes less than 0.01% of the total cryptocurrency market.
Circulating Supply: There are currently 190.00 million SCR tokens in circulation.
An Introduction to the Scroll Project
Scroll is a Layer 2 scaling solution for Ethereum. Its primary goal is to build an Ethereum Virtual Machine (EVM)-compatible zk-Rollup, which is enhanced by a robust and decentralized proving network. This technology aims to provide users with a seamless and scalable experience while maintaining the high security standards of the Ethereum mainnet.
Frequently Asked Questions
What is Scroll (SCR) used for?
SCR is the native utility token of the Scroll network. It is primarily used to pay for transaction fees (gas) within the ecosystem. Additionally, it plays a role in network security and governance, allowing holders to participate in the future decision-making processes of the protocol.
Why is the price of Scroll declining?
The price decline, as shown in the metrics, can be attributed to broader market trends and asset-specific factors. Like many altcoins, SCR's value is influenced by overall crypto market sentiment, Bitcoin's performance, and project development updates. The negative performance against major pairs suggests a period of market correction or reduced demand.
How can I securely store my SCR tokens?
After purchasing SCR on an exchange, it is considered best practice to transfer them to a self-custody wallet for enhanced security. Compatible options include various Ethereum-based wallets that support ERC-20 tokens, as Scroll is EVM-compatible. Always ensure you are using a reputable wallet and safeguard your private keys.
What is a zk-Rollup?
A zk-Rollup is a Layer 2 scaling technology that bundles (or "rolls up") multiple transactions into a single one. It then submits a cryptographic proof (a zero-knowledge proof) to the main Ethereum chain. This drastically reduces congestion and gas fees while leveraging Ethereum's security.
Is Scroll a good long-term investment?
The potential of any cryptocurrency investment depends on individual risk tolerance and belief in the project's fundamentals. Scroll operates in the competitive Layer 2 scaling sector. Its long-term value will be tied to its adoption, the growth of its ecosystem, and its ability to successfully execute its technological roadmap. You can discover comprehensive market analysis to aid your research.
Where can I find the most updated SCR price?
The most accurate and real-time prices are always available on live cryptocurrency tracking websites and the trading pages of major exchanges. These platforms provide continuously updated data on price, volume, and market cap.