Scallop $SCA Now Listed on Binance Alpha – Trading Competition Kicks Off
Singapore, Singapore, May 17th, 2025, Chainwire
Scallop, a trailblazing decentralized finance (DeFi) protocol on the Sui blockchain, has reached a significant milestone with the listing of its $SCA token on Binance Alpha, a platform dedicated to showcasing innovative crypto projects. To celebrate this achievement and engage its growing community, Scallop has launched a Binance Alpha Trading Competition with a substantial prize pool of over $440,000 USD in $SCA and $SUI tokens, running from May 16th to May 30th, 2025.
The competition, which kicked off on May 16th at 16:00 UTC, invites traders of all levels to participate by trading $SCA on Binance Alpha. With a total prize pool of 1,248,000 $SCA (for the top 3,000 users by $SCA trading volume) and 60,000 $SUI (for the top 4,000 users by aggregate trading volume), this event offers participants a chance to win attractive rewards while gaining exposure to Scallop’s innovative ecosystem. The competition will conclude on May 30th at 16:00 UTC.
Empowering Traders and Boosting Ecosystem Growth
The Binance Alpha listing and trading competition mark a pivotal moment for Scallop, enhancing its visibility within the broader crypto community. Binance Alpha serves as a launchpad for emerging projects, providing early access to promising tokens like $SCA and fostering community engagement through incentivized events. For Scallop, this listing highlights its growing prominence in the DeFi space, where it already leads as the top lending and borrowing protocol on Sui with a Total Value Locked (TVL) of $131 million.
The trading competition is strategically designed to drive adoption and liquidity for $SCA, Scallop’s native token, which plays a vital role in the protocol’s ecosystem for transaction fees, staking, and governance. By rewarding participants with both $SCA and $SUI—the native token of the Sui blockchain—the event encourages active trading while strengthening ties between the two ecosystems. This dual-token reward structure also underscores Scallop’s integration with Sui, where $SUI is used for network security and payments, complementing $SCA’s utility in DeFi activities.
Strategic Insights and Community Impact
This initiative reflects Scallop’s broader strategy to expand its reach and reward its community, a consistent theme in its growth journey. The $440,000 prize pool is a testament to Scallop’s commitment to incentivizing participation, following successful loyalty programs like the recent $200,000 sSCA giveaway for veSCA holders. By partnering with Binance Alpha, Scallop gains credibility and exposure, attracting both new users and seasoned traders to explore its offerings.
The competition also highlights the growing interest in DeFi projects on Sui, a high-performance Layer 1 blockchain known for low fees and scalability. Scallop’s leadership on Sui, with over $200 million in deposits and collateral, positions it to capitalize on this momentum. The event’s structure—rewarding the top 3,000 and 4,000 users in separate pools—ensures inclusivity, allowing traders of varying activity levels to compete for rewards, which can drive broader adoption of $SCA.
About Scallop Protocol
Scallop is the premier money market on the Sui blockchain, offering secure lending, borrowing, and asset management solutions. Since its token generation event in March 2024, Scallop has achieved $5 million in cumulative revenue and over 34 million $SCA tokens locked for nearly four years, reflecting strong community trust. Its innovative vote-escrow (ve) model incentivizes long-term staking, aligning user incentives with ecosystem growth.
How to Participate
Traders can participate in the Binance Alpha Trading Competition now through the Binance Alpha platform. Don’t miss this opportunity to trade $SCA, win rewards, and be part of Scallop’s thriving DeFi ecosystem. For more details, visit: https://t.co/vZI7aEyx6o.
