ChainCatcher news, according to official data, Scallop's revenue has reached 3 million dollars, and its TVL has grown to 186 million dollars. In addition, its total borrowing has reached 89 million dollars, and the trading volume has reached 200 million dollars.

ChainCatcher news, the lending protocol Scallop within the ecosystem has announced that it has received investment from the Sui Foundation.As the fastest-growing public chain in this cycle, this investment solidifies Scallop's leading position within the Sui ecosystem and will help it grow, enabling it to bring more features and functionalities to the ecosystem.

ChainCatcher news, the Sui ecosystem lending protocol Scallop announced on social media that its platform has staked over 13 million SCA, with an average duration of 3.7 years.To this end, Scallop will launch two reward activities from October 1 to 5. In the first activity, users will share a prize pool of 1.2 million SCA. Scallop will take a snapshot of users who have staked SCA tokens with a total stake between 10 million and 15 million; additionally, users holding at least 1,000 veSCA will be able to participate in an extra bonus activity, with a prize pool of 300,000 SCA.

ChainCatcher news, the total locked value (TVL) of the Sui ecosystem lending protocol Scallop has surpassed 150 million USD, with a total lending amount of 80 million USD and a trading volume of 47 million USD.In addition, according to data from CoinMarketCap, Scallop's native token $SCA has seen a significant increase in the past two weeks, with the token price nearly doubling.

ChainCatcher message, Scallop posted on X, warning about phishing emails claiming to be from Scallop. Scallop will not distribute any tokens via email. Please do not interact with these emails or any scam NFTs.

ChainCatcher news, the currency market of the Sui ecosystem, Scallop, announced that Scallop sCoins have now been wrapped and can be viewed in the Sui wallet. Scallopers will be able to migrate directly from the old version of sCoins to the newer Wrapped sCoins through the Scallop dApp.It is reported that sCoins are Scallop's liquidity derivative tokens.

ChainCatcher news, the Sui ecosystem lending protocol Scallop announced that it has temporarily suspended Scallop Swap due to issues with the RPC and Swap Router of its partners. They are working to resolve this issue and will release an update announcement once it is resolved. In addition, the parameters of Scallop's CETUS pool will also be adjusted.

ChainCatcher news, the Sui ecosystem lending protocol Scallop announced on platform X that its total lending amount has exceeded 30 billion USD, with a total flash loan amount exceeding 1.7 billion USD.

ChainCatcher news, the Sui ecosystem lending protocol Scallop announced on social media the launch of an incentive program.Among them, the supply incentive and borrowing incentive are approximately 241,000 SUI, supporting the supply and borrowing of SUI, USDC, USDT, wETH, and LST. This incentive program will last until May 5.

ChainCatcher news, the Sui ecosystem lending protocol Scallop announced a strategic investment from DWF Labs, with the specific investment amount undisclosed.It is reported that as part of this collaboration, DWF Labs will act as Scallop's primary liquidity provider across various centralized exchanges and will also support over-the-counter (OTC) trading.

ChainCatcher message, the Sui ecosystem lending protocol Scallop announced on social media that the SCA airdrop will be available for claiming at 7 PM Beijing time on March 8, with 100% unlocked at TGE.

ChainCatcher news, the Sui ecosystem lending protocol Scallop has announced the SCA tokenomics, with a total supply of 250 million tokens, of which 45% is allocated for liquidity mining, 15% is distributed to Scallop core contributors (founding team contributors), 4% is for development and operations, 1.5% is allocated to advisors, 15% is distributed to strategic investors and partners, 7.5% is for ecosystem, community, marketing, and airdrops, and 5% is used for liquidity, with 7% allocated to the treasury.It is reported that SCA is the core utility token of Scallop, which will be distributed as an incentive to users to encourage active participation and contributions to the ecosystem. Scallop allows token holders to stake for voting-escrowed SCA, also known as veSCA.

ChainCatcher news, the Sui ecosystem lending protocol Scallop announced on social media that it has completed a $3 million strategic financing round, led jointly by THE CMS and 6MV, with participation from KuCoin Labs, 7UpDAO, Side Door Ventures, Oak Grove Ventures, Signum Capital, Blockchain Founders Fund, Cypher Capital Group, Mysten Labs, and Kyros Ventures.Scallop is the money market of the Sui ecosystem. By emphasizing institutional-grade quality, enhanced composability, and robust security, Scallop is committed to building a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and asset management tools on a unified platform, while providing SDKs for professional traders.

ChainCatcher news, the lending protocol Scallop on Sui tweeted that it has received a strategic investment from Cetus, with the specific investment amount unknown.

ChainCatcher news, the Sui ecosystem lending protocol Scallop announced on social media that it has launched the Scallop airdrop points system, and the snapshot was completed before January 1, 2024.It is reported that the first phase aims to support early supporters of Scallop, including Zealy participants, verified Sui Scalloper roles on Discord, and lenders and borrowers on the Scallop platform.

ChainCatcher news, from October 30, 18:00 (HKT) to November 29, 18:00 (HKT), the OKX Web3 wallet DeFi section will jointly launch an interest rate increase activity with Scallop. Users can connect their wallets or create a new OKX Web3 wallet, enter the OKX DeFi section, and search for Scallop to invest in USDC or SUI with one click, enjoying up to an additional 8% APR return.It is reported that the OKX Web3 wallet is a leading one-stop Web3 entry point, now supporting over 75 public chains, with a unified experience across App, plugin, and web, covering five major sections: wallet, DEX, DeFi, NFT market, and DApp exploration. It also supports the Ordinals market, MPC and AA smart contract wallets, gas exchange, hardware wallet connection, etc., providing users with a convenient and secure experience.

ChainCatcher news, Layer1 public chain Sui Network announced the winning teams of Builder House Vietnam station, with the social application Mynft team taking first place, the yield protocol TypusFinance team taking second place, and the random interest rate protocol Scallop and SocialFi application ComingChat team taking third place.It is reported that Sui Builder Houses provide opportunities for global Sui builders to meet and collaborate. In 2023, Sui plans to hold Builder Houses in 12 locations, with the Vietnam station being the second stop, and the next stop will be held in Hong Kong from April 14 to April 16. (source link)