Layer-2 Network Scroll Is Expected to Be the Main Focus of Traders Next Week as It Rolls Out Its Native SCR Token Airdrop

Memecoins may also make a comeback after a significant rally in major crypto assets like BTC, ETH and SOL.

Layer-2 network Scroll is set to take center stage next week as traders gear up for the launch of its native SCR token airdrop.

Memecoins may also attempt to rally again after a major crypto asset rally this week saw BTC, ETH and SOL rise significantly.

Gaming firm Moonveil and communications platform Huddle01 will also hold token sales.

Several investors are zooming in on Scroll, a hyped layer-2 network that will be releasing its native governance token next week as the crypto market rally shows signs of returning euphoric.

Scroll boasts around $1 billion in total value locked (TVL) and has been operating a points farm since September 2023. Those that have been actively using the protocol since that date will have accrued "marks" which can be converted to the Scroll token on Oct. 22.

However, the distribution of said token has left users feeling short-changed, with complaints surfacing over how only 7% of the supply will be airdropped next week while Binance Launchpool users will receive 5.5% of the supply.

The skepticism continued this week as X user Andrew 10 GWEI revealed how Scroll's founder wallet had over 1 million marks and that several Scroll-affiliated wallets had inflated balances. Comparisons have been made to ZKsync, which faced criticism over its top-heavy top allocation.

Despite the early tokenomics issues, Scroll aims to be the "turtle that wins the Ethereum scaling race" with a layer-2 network that is designed to be efficient, secure and cost-effective, as the headline of an April 2023 CoinDesk story put it.

Donald Trump-affiliated project World Liberty Financial selected Scroll to be its layer-2 blockchain of choice, planning to deploy on it together with its debut on Ethereum. (Although as chronicled by CoinDesk this week, initial demand for the project's new tokens proved to be minimal relative to the total amount allocated to a public sale, and at $13 million so far has not even come close to meeting a $30 million reserve needed to cover expenses.)

Scroll was also chosen by cash card upstart Ether.fi for its upcoming card.

The company has raised a total of $83 million over three separate funding rounds that included investment from the likes of Polychain Capital and Bain Capital Ventures.

Best of the restAccording to Icodrops, next week will also see the launch of Moonveil, a blockchain gaming company that raised $11 million across two rounds and will raise further capital via a token offering on Oct. 22.

The company will be offering 200 million tokens for sale as it plans to launch a gaming-focused layer-2 blockchain.

Investors will also be keeping an eye out for hundreds of memecoins hitting the wires over the weekend as they speculate on whether another boom could take place after BTC, ETH and SOL rose significantly this week. Following a rally in major assets, traders often spread their profits across more speculative bets.

BitMEX founder Arthur Hayes tweeted about GOAT, a token that was apparently launched entirely by artificial intelligence.

Another to watch is Huddle01, a communications platform that is backed by Stani Kulechov and LongHash Ventures and will be holding a node sale round on Oct. 29.