In 2024, the market witnessed prominent layer 2 projects launching tokens one after another, but the results after the airdrop were not very positive.

And Scroll is also facing a similar situation after nearly a week of TGE and airdrop for users:

Scroll's TVL dropped nearly 50% after TGE (according to DeFiLlama), while data from L2Beat shows that TVL dropped ~20% in a week, from 1.54 billion USD to 1.18 billion USD, the amount of ETH locked on Scroll also decreased.

On-chain network metrics such as daily active wallets, transactions, DEX volume decreased significantly after TGE.

Data from DefiLlama also shows that important dApps on Scroll also faced a serious loss of market share, with TVL of dApps dropping from 50% to 80% in just one month.

The SCR token price has also dropped by more than 30%, currently at ~0.75 USD - much lower than the pre-market price.

Many investors have expressed doubts that Scroll is being exploited by VC funds and interest groups for financial purposes, instead of maintaining the core values ​​of the network.

Notably, Scroll's SCR airdrop program has allocated up to 11% to the top 10 largest wallets and 34% to the top 100 wallets. This raises concerns about the balance in the system, when liquidity is concentrated in a small group, reducing opportunities for the wider community.

A mock NFT called "Scroll - The Biggest Fail" has attracted nearly 2,000 mints, expressing user outrage.

These developments have investors and users questioning the future of Scroll.