Scroll
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·3QE6bY…HNAjSummary
Scroll is an Ethereum Layer 2 ZK rollup that launched its mainnet in October 2023, offering bytecode-level EVM compatibility via zero-knowledge proofs. The project raised $83 million in venture funding and launched its SCR governance token in October 2024, but faced significant community backlash over airdrop distribution mechanics, concentrated whale allocations, and a 32% same-day price decline. By early 2026, Scroll's TVL had collapsed approximately 96% from its peak and the project triggered further controversy by proposing to dissolve its Security Council and reduce DAO contributor roles.
Connected Entities
1 entities- + 2 more
Timeline(12 events)
2021
Scroll founded by Sandy Peng, Ye Zhang, and Haichen Shen after the three met through mutual connections in competitive mathematics and the Ethereum community.
Zero Knowledge Podcast / Gate Learn21 April 2022
Scroll raises $30 million Series A led by Polychain Capital with Bain Capital Crypto, Robot Ventures, and Geometry DAO participating.
The Block6 March 2023
Scroll closes $50 million funding round at a $1.8 billion valuation with investors including Polychain Capital, Sequoia China, Bain Capital Crypto, Moore Capital Management, Variant Fund, IOSG Ventures, and Qiming Ventures, bringing total raised to $83 million.
The Block17 October 2023
Scroll officially announces mainnet launch following over two years of development and 15 months of testnet activity across three separate testnets.
CoinDeskJuly 2024
Scroll Curie upgrade launches, delivering approximately 1.5x gas fee reductions, Zstd transaction data compression, and a modified EIP-1559 fee model.
CoinMarketCap Academy8 October 2024
Scroll announces plans for the SCR token airdrop, including tokenomics breakdown with 1 billion total supply and 7% initial airdrop allocation.
CoinDesk22 October 2024
SCR token launches at approximately $1.33, with a market cap near $212 million. Over 570,000 wallets become eligible to claim. Community frustration emerges over no airdrop cap, Binance Launchpool allocation, and team token percentages.
CoinDesk23 October 2024
SCR token declines 32% within 24 hours. Top 10 wallets held 11.7% of airdrop; top 100 held 34.4%. Network TVL falls 24% over the following week.
CoinDesk9 April 2026
Scroll team reduces Gas Price Oracle multipliers by 160x after six cumulative increases over six days had raised the L1 data cost parameter to 1,280 times its baseline, resulting in over $50,000 in excess fees charged to users across approximately 139,000 transactions.
The Defiant13 April 2026
Scroll Foundation proposes dissolving its Security Council, transitioning protocol control to a Scroll Admin multisig within approximately 10 days, and cutting multiple DAO contributor roles, citing the council's cost relative to its impact.
Scroll Governance ForumDecision Log
- hash: 7RRfP2rr4V213c4PTthkWi1aCh6JfkAnnShRqDSA4mrm
- hash: GrhKBjjkhVD1w8uYPKDGnWtbFCKTLTK86pLc5zRgGriu
- hash: 493ttTZithZDoDZ7ZoKgVGtE9HWYupEcnnwiouP4adKs
This investigation is cryptographically anchored to the Solana blockchain (3 events). 18 of 19 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 5:41:45 PM
last updated: 7/26/2026, 4:53:39 AM
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