Binance announced it will offer pre-market trading for SCR, the native token of Ethereum Layer 2 scaling solution Scroll. This marks Binance’s first pre-market token listing since it introduced the feature two weeks ago.
Scroll’s Technology and Benefits
Scroll, an Ethereum Layer 2 network using zero-knowledge proofs, launched on the mainnet in late 2023 and quickly garnered $186 million in bridged ETH. By leveraging zkEVM (zero-knowledge Ethereum Virtual Machine), Scroll enables secure and cost-effective scaling for Ethereum-based applications, catering to increased demand for Layer 2 solutions.
SCR Token Details and Launchpool
Before the official listing, Binance’s Launchpool lets users farm SCR by staking BNB or FDUSD, with trading set to open on October 11. Early access to the SCR token reflects Binance’s efforts to lead Layer 2 trading opportunities, underscoring the demand for Ethereum scalability solutions.
Source: The Block
