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Scroll, a Layer 2 blockchain solution, has launched with a market capitalization of $238 million and a fully diluted valuation (FDV) of $1.2 billion. However, the project's valuation has been criticized as overvalued, with on-chain metrics reportedly down by 50-80%. Venture capitalists who invested in Scroll's latest funding round at a $1.8 billion valuation are now seeing a 30% decline in their investments. The current FDV of Scroll has dropped further to $900 million. $SCR TGE'ed at $1.2 billion FDV. Critics argue that the model of incentivizing users with tokens is unsustainable, and the market is becoming wary of high FDV Layer 2 projects.
VCs bought into the last @Scroll_ZKP round at $1.8b valuation. $SCR TGE'ed at $1.2b FDV. It is now $900m FDV. How's it feel @polychain?🖕
For years the whole industry has been licking VC ass as if they were true visionaries. Truth is they all have been pushing bullshit narratives to milk retails with useless governance shitcoins. Glad to see them down bad on such random layer 2 as @Scroll_ZKP. https://t.co/tc8FRoCEw8
Someone told me yesterday that @Scroll_ZKP was cheap at $1b valuation compared to other L2s. Im sorry to inform you.....$SCR is not cheap. Its just slightly less overvalued than other high FDV L2 shitters. Yes, there may be pumps for exit liquidity along the way...but they're… https://t.co/TlCUn4NRuH
