Scallop, a leading protocol in the SUI ecosystem, has announced multiple significant developments. The protocol's native token, $SCA, is set to be listed on several major exchanges including Bybit, Kucoin, MEXC, Gate.io, BingX, and LBank, with listings going live on March 8, 2024, at 10 AM UTC. This move is expected to enhance Scallop's liquidity and accessibility to a wider audience. Additionally, Scallop has launched the third phase of its $SCA staking program, offering a reward pool of 2,250,000 $SCA over 15 days, starting from March 8, 2024, at 11 AM UTC. The Total Value Locked (TVL) in Scallop has surpassed $117M, positioning it as the top DeFi protocol within the SUI network, accounting for over 25% of the chain's total TVL and over 20% of $SUI's $116m TVL. This growth is supported by significant investments, including a $4.3M liquidity provision by Gotbit Hedge Fund. The protocol's success is attributed to its robust ecosystem, strong backing from venture capitalists and angel investors, and its role as a cornerstone of the SUI DeFi landscape.
📣 $SCA is Officially listed on Bybit Spot with @Scallop_io Grab a Share of the 833,333 $SCA and 80,000 $USDT Prize Pool! 🌐 Learn More: https://t.co/GHpUiWFbL7 📈 Trade Now: https://t.co/xDMzkQPOzK #TheCryptoArk #BybitListing https://t.co/BaBwbKwnIz
We have increased the stakes this Spring season 📈 Trade on any Market on tanX and win upto $4000 USDC in rewards this month ✨ 10 winners every week 🔊 Let’s get to it at https://t.co/RLUiEfJJXm frens ✨ https://t.co/tRhYTexE7f
💧Scallop $SCA Staking - Phase 3💧 🔥Coming soon! Simply stake $SCA for veSCA and receive daily $SCA rewards! 🎁Reward Pool: 2,250,000 $SCA ⏳15 days Start Time: 8th March, 11am UTC End Time: 22nd March, 11am UTC 🔗For more details, check out our detailed Medium guide:… https://t.co/AnXBaKRVhT
✨Scallop $SCA Listing - 1 Hour Left Only 1 more hour till $SCA goes live on multiple exchanges! https://t.co/wyacJM8LaO
🔔#Gateio New Listing: $SCA @Scallop_io ⏰Trading Starts: 10:00 AM on March 8th (UTC), 2024 📈Trade Here: https://t.co/et0lMVA5UG #NewListing #GateioStartup #Launchpad https://t.co/2Py1GMcmTS
Scallop will be listed on trading platforms @Bybit_Official, @kucoincom, @MEXC_Official, @gate_io, @BingXOfficial, @LBank_Exchange at 10:00PM UTC. Scallop's TVL currently stands at over $117M, ranking first within the SUI ecosystem. https://t.co/2CcVbKZaPf
✨Scallop $SCA Listing - 4 Hours Left Only 4 more hours till $SCA goes live on multiple exchanges! https://t.co/iwWHIiXhbg
Counting myself as unbelievably fortunate to join so many incredible Angel Investors for @Scallop_io’s $SCA round. Here’s why: $SCA was the first protocol I used after bridging to $SUI. It’s essentially the $AAVE of sui, and accounts for over 25% the chain’s total TVL (!) 🧵 https://t.co/I4kksk5QN4
Gotbit Hedge Fund provided $4.3M liquidity in the Top-1 DeFi protocol on SUI network. We assume @Scallop_io to be the main beneficiary of Sui DeFi trend. Why? https://t.co/r08tPt9Dpo
A big day is coming tomorrow for $SCA, listed on Bybit and others. TLDR about why you should care: - $116m TVL on $SUI, over 20% of $SUI TVL. - Team won various builder comps + received a grant. - 6-12m team and investor cliff. Study $AAVE / $COMP / $XVS price discovery. https://t.co/z4zq4TsfMJ
Sui Navi Protocol did 5x from IDO Here's another opportunity from the top Sui DeFi Protocol @Scallop_io A smol 🧵↓ https://t.co/gjU0SUQq5U
✨SCA Listing on @kucoincom We are excited to announce that $SCA will be listed on @kucoincom! 🔸Pair: SCA/USDT 🔸Deposits Open: now open (network: Sui) 🔸Listing Time: 10 AM, March 8, 2024 (UTC) 🌊Are you ready? https://t.co/9xMPbS82NC
✨SCA Listing on @Bybit_Official We are excited to announce that $SCA will be listed on @Bybit_Official! 🔸Deposits Open: 10 AM, March 7, 2024 (UTC) 🔸Listing Time: 10 AM, March 8, 2024 (UTC) 🌊Are you ready? https://t.co/GMvdD6Ohmp
$SUI ecosystem continues to grow and is aiming to be the leading money market for SUI ecosystem. @Scallop_io is backed pretty heavily by top VCs and strong angels. Expecting this to run strong long term. DeFi components to an growing ecosystem is always a good thing. https://t.co/VDwbgQkGYj