Scroll Bridge TVL review
July 28th, 2024

Scroll seamlessly extends Ethereum’s capabilities through zero knowledge tech and EVM compatibility. The L2 network built by Ethereum devs for Ethereum devs.

Analysis of indicators

Scroll Bridge since October 2023 shows a significant increase in TVL.

Back in October 2023 the total TVL was around $15m, in March 2024 the TVL increased to $160m and in July 2024 it exceeded $660m. On an interesting note, it took Scroll Bridge 3 months to add to its TVL + $500m.

Scroll Bridge Charts:

TVL Scroll consists mainly of ETH ( 49.8% ), pufETH ( 15.8% ), wstETH ( 15.5% ), USDC ( 13.5% ), USDT ( 3.6% ) and other assets. As of July 27, Scroll bridge TVL has these assets

Source: Obchakevich Research on Dune Analytics
Source: Obchakevich Research on Dune Analytics

TVL key growth factors

The growth of TVL Scroll Bridge reflects successful efforts to engage users through innovative features and incentive programs. Scroll holds a significant position among Ethereum-based Layer 2 networks, demonstrating the potential for further growth and strengthening its position in the DeFi ecosystem.

On the back of the growth of the main TVL which crossed the 1B TVL mark, the growth of the Scroll bridge assets was not far behind.

Having a good community support and decent DAU indicators, which vary from 60k to 155k active users every day, allow the project to increase its total and bridge TVL by several million every month.

Source: @obchakevich on Dune Analytics
Source: @obchakevich on Dune Analytics

As we wrote earlier, Scroll Bridge has added +$500M to its TVL in 4 months.

Scroll has been generating quite a buzz, with anticipation of an upcoming Scroll airdrop driving their TVL to new heights.

You can follow Bridge's analytics here:

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