Scallop’s $SCA Emerges as Top Gainer Among Sui Coins
Singapore, Singapore, July 2nd, 2025, Chainwire
In a standout performance, Scallop’s $SCA token has claimed the title of the top gainer among all Sui blockchain coins, surging an impressive 36.93% in the past 24 hours as of July 2nd, 2025. This remarkable rally underscores Scallop’s growing dominance in the Sui DeFi ecosystem, further bolstered by robust community engagement, with over 46 million $SCA tokens locked for an average of 3.76 years—representing 41% of the circulating supply.
Scallop, the leading lending and borrowing protocol on Sui, continues to solidify its position with a Total Value Locked (TVL) of $131 million and a cumulative revenue milestone of $5 million achieved earlier this year. The protocol’s recent success is also reflected in its trading volume, which has reached 2.54 trillion over the past month, alongside a flashloan volume of 7.78 trillion, highlighting its active and thriving ecosystem.
Scallop’s key numbers snapshot on DeFillama
Key Highlights
- Market Leadership: $SCA’s 36.93% gain outpaces other Sui-based tokens, driven by heightened investor interest and Scallop’s innovative DeFi offerings.
- Strong Community Commitment: With 46 million $SCA locked for 3.76 years, representing 41% of the circulating supply, users demonstrate long-term confidence in the protocol’s vote-escrow (ve) model.
- Robust Ecosystem Metrics: Scallop’s $5 million revenue, 2.54 trillion in trading volume, and 7.78 trillion in flashloan volume over the past month reflect its operational strength and appeal to traders and developers alike.
This surge follows Scallop’s recent milestones, including the $440,000 Binance Alpha Trading Competition and the $200,000 sSCA loyalty reward for veSCA holders, which have fueled community participation and token demand. The protocol’s integration with Sui’s high-performance blockchain, combined with strategic partnerships like RNS.ID for Palau’s Digital Residency Program, continues to drive its growth trajectory.
About Scallop Protocol
Scallop is the premier money market on the Sui blockchain, offering secure lending, borrowing, and asset management tools. Since its token generation event in March 2024, Scallop has managed over $200 million in deposits and collateral, with its veSCA model incentivizing long-term staking and governance participation.
Looking Ahead
As $SCA leads the pack among Sui coins, all eyes are on Scallop to maintain this momentum. Stay tuned for further updates on its ecosystem developments.
Scallop X Posts: https://x.com/Scallop_io
Scallop Protocol Metrics: https://medium.com/scallopio