What is Scallop (SCA)
Scallop is the pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem and is also the first DeFi protocol to receive an official grant from the Sui Foundation. By emphasizing institutional-grade quality, enhanced composability, and robust security, we are dedicated to building a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and digital asset self-administration tool on a unified platform and offering an SDK for professional traders.
Scallop is available on MEXC, providing you with the convenience of purchasing, holding, transferring, and staking the token directly on our platform. Whether you are a seasoned investor or a newcomer to the world of cryptocurrencies, MEXC offers a user-friendly interface and a variety of tools to manage your Scallop investments effectively. For more detailed information about this token, we invite you to visit our digital asset introduction page.
Additionally, you can:
- Check SCA staking availabilityto see how you can earn rewards on your holdings.
- Read reviews and analytics about Scallop on our blog to stay informed about the latest market trends and expert insights.
Our comprehensive resources are designed to make your Scallop buying experience smooth and informed, ensuring you have all the tools and knowledge needed to invest confidently.
Scallop Price Prediction
Cryptocurrency price predictions involve forecasting or speculating on the future values of cryptocurrencies. These forecasts aim to predict the potential future worth of specific cryptocurrencies, such as Scallop, Bitcoin, or Ethereum. What will be the future price of SCA? How much will it be worth in 2026, 2027, 2028, and up to 2050? For detailed prediction information, please check out our Scallop price prediction page.
Scallop Price History
Tracing SCA's price trajectory provides valuable insights into its past performance and helps investors understand the factors influencing its value over time. Understanding these historical patterns can offer valuable context for assessing SCA's potential future trajectory. For detailed price history information, please check out our Scallop price history page.
How to buy Scallop (SCA)
Looking for how to buy Scallop? The process is straightforward and hassle-free! You can easily purchase Scallop on MEXC by following our step-by-step How to Buy guide. We provide you with detailed instructions and video tutorials, demonstrating how to sign up on MEXC and use the various convenient payment options available.
SCA to Local Currencies
Scallop Resource
For a more in-depth understanding of Scallop, consider exploring additional resources such as the whitepaper, official website, and other publications:
People Also Ask: Other Questions About Scallop
Scallop is a next-generation P2P money market running on the Sui blockchain, offering high-interest lending and low-fee borrowing. Users link their Sui wallet to their Scallop account, add SUI tokens, and access various lending pools where digital assets are exchanged for sCoins. This peer-to-peer lending system eliminates intermediaries, reducing fees and making loans more accessible. Scallop also features airdrops, swaps, and bridges for seamless asset transfers between supported chains.
The founder of Scallop is Kris Lai, also known as Kriss in the crypto community. Kris Lai is a long-time crypto enthusiast with a background in full-stack development and network security engineering. He launched Scallop in 2021 as a small lending system called Scallop Pools, which later evolved into a comprehensive money market on the Sui blockchain. Kris's unique design caught the attention of the Sui Foundation, leading to Scallop becoming the first DeFi protocol to receive funding from the foundation.
Scallop sets itself apart from other DeFi lending platforms by offering a dynamic money market that provides high-interest lending and low-fee borrowing. Operating on the Sui blockchain, Scallop emphasizes institutional-grade quality, security, and composability, making it compatible with various blockchain networks. Users can participate in peer-to-peer lending, exchanging digital assets for sCoins to earn passive income or borrow money quickly and easily.
Users can participate in high-interest lending on Scallop by joining one of the Scallop asset pools, which allows them to lend their extra cryptocurrency and earn passive income through high-interest lending. By exchanging their digital assets for sCoins, users can accrue interest as the exchange rate for sCoins increases over time. Additionally, borrowers can easily obtain extra crypto by depositing collateral coins and borrowing money worth a certain percentage of their collateral.
Borrowing on Scallop offers numerous benefits, including high-interest lending and low-fee borrowing. The platform operates on the Sui blockchain, providing a secure and accessible way for users to obtain loans. Scallop emphasizes institutional-grade quality, ensuring reliability comparable to traditional banks. Users can participate in lending pools to earn passive income or borrow money quickly by depositing collateral coins.
Users can earn SCA tokens through airdrops by participating in various activities such as borrowing money on Scallop or engaging in the Scallop Discord channel. By doing so, users may become eligible to redeem Mystery Pearl points, which can later be exchanged for Scallop tokens. These airdrops are a way for Scallop to market its robust security and great loan offerings to the community. Additionally, users can also earn Scallop tokens through liquidity mining, where 45% of the total token supply is allocated. With a circulating supply of 35.5 million tokens, users have the opportunity to earn SCA tokens through various activities and engagements within the Scallop ecosystem.
Scallop offers professional traders a range of features to enhance their trading experience. These include high-interest lending and low-fee borrowing options, a comprehensive tool kit for traders and software developers, and a multichain bridge for easy asset transfers. Scallop's peer-to-peer lending system allows users to borrow and lend directly to each other without intermediaries, reducing fees and increasing accessibility. Additionally, Scallop offers features such as airdrops, swaps, and bridges to facilitate trading activities. The platform's roadmap includes plans to improve user interface, integrate Telegram and Discord bots, and introduce cross-chain and leveraged lending options.
The utility of the SCA token in the Scallop system lies in its role as a utility token that manages user incentives and interpersonal exchanges within the platform. While it does not directly manage interest, which is handled by sCoins, the SCA token plays a crucial part in the overall functionality of the system. With a total supply of 250 million tokens and a circulating supply of 35.5 million tokens, the SCA token is allocated for liquidity mining, core contributors, partners and investors, ecosystem development, treasury, liquidity, operations, and advisors.
The live price of Scallop (SCA) is 0.122 USD.
The current market cap of Scallop is $ 12.95M USD. It is calculated by multiplying the current supply of SCA by its real-time market price of 0.122 USD.
The current circulating supply of Scallop (SCA) is 106.18M USD.
As of 2025-06-09, the highest price of Scallop (SCA) is 1.5473 USD.
The 24-hour trading volume of Scallop (SCA) is $ 17.32K USD. You can discover more tradable tokens on MEXC and check their 24-hour trading volume.
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Disclaimer
Cryptocurrency prices are subject to high market risks and price volatility. You should invest in projects and products that you are familiar with and where you understand the risks involved. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. MEXC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning.
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