Scallop Price

Scallop (SCA) is a decentralized finance (DeFi) protocol built on the Sui Network. It offers a comprehensive suite of financial services, including lending, borrowing, and asset management. Scallop aims to bridge traditional finance with cryptocurrency functionalities, providing a secure and scalable platform for users. Currently ranked 2108 on CoinMarketCap, Scallop is trading at $0.01631 with a 24-hour trading volume of $1.18K. The total supply of SCA tokens is 250M SCA, with 106.4M SCA in circulation. Scallop's market cap stands at $1.73M, and it has shown a +0.12% change in the last 24 hours. The protocol is known for its institutional-grade quality, enhanced composability, and robust security features. As a key player in the Sui ecosystem, Scallop is positioned to drive innovation in the DeFi space, offering users a seamless integration of traditional financial services with the benefits of blockchain technology.

Scallop was created on July 17, 2023. It was launched on the Sui Network platform as a decentralized finance (DeFi) token focusing on lending and borrowing services. Since its inception, Scallop has gained traction in the crypto space, currently ranking 2108 among all cryptocurrencies. The token has a total supply of 250,000,000 SCA, with a circulating supply of 106.4M SCA. As of 2026-05-05, Scallop is trading at $0.01631, with a 24-hour trading volume of $1.18K. The project aims to provide innovative DeFi solutions within the Sui ecosystem, leveraging the MoveVM technology. Scallop has shown significant growth potential, with a +0.12% change in the last 24 hours and a market capitalization of $1.73M.

The founders of Scallop are Manuel Müller and Florian Sievers. Manuel Müller serves as the CTO and co-founder, while Florian Sievers is the Community Manager and co-founder. Scallop is associated with a major cryptocurrency exchange platform, though it's currently in beta stage. The project aims to facilitate swaps between various cryptocurrencies, including popular ones like Bitcoin and Ethereum. As of 2026-05-05, SCA is ranked #2108 with a price of $0.01631 and a market cap of $1.73M. The 24-hour trading volume stands at $1.18K, with a +0.12% change in the last day. Scallop has a circulating supply of 106.4M SCA and a maximum supply of 250M SCA. The project's focus on DeFi and lending/borrowing capabilities positions it as a promising player in the evolving cryptocurrency ecosystem.

Scallop operates as a utility token within the Scallop ecosystem on the Sui Network. It plays a crucial role in managing user incentives and facilitating exchanges within the platform. The total supply of SCA is capped at 250M SCA, with 106.4M SCA currently in circulation. As of 2026-05-05, SCA is trading at $0.01631 with a market cap of $1.73M. The token's primary functions include governance, staking, and providing liquidity to the protocol. Users can earn SCA rewards by participating in various activities within the ecosystem, such as lending and borrowing. The token's value is closely tied to the platform's growth and adoption, with its price experiencing a +0.12% change in the last 24 hours. Scallop's innovative approach to decentralized finance on the Sui Network positions it as a promising player in the evolving DeFi landscape.

Scallop utilizes a decentralized architecture built on the Sui Network platform. Its technical structure incorporates smart contracts for secure and efficient transactions. The system employs a Proof-of-Stake consensus mechanism to validate transactions and maintain network integrity. Scallop's architecture supports various DeFi functionalities, including lending and borrowing protocols. It leverages the MoveVM (Move Virtual Machine) for enhanced security and scalability. The platform's design allows for fast transaction processing and low fees. Scallop's technical framework also includes interoperability features, enabling seamless integration with other blockchain ecosystems. The architecture prioritizes user privacy and data protection while maintaining transparency in transactions. Overall, Scallop's technical design aims to provide a robust, flexible, and user-friendly environment for decentralized finance operations.

The future of Scallop looks promising, with an ambitious roadmap focused on expanding its ecosystem and enhancing its technology. By 2027, we expect to see significant improvements in scalability and interoperability. The team plans to launch new DeFi products and forge strategic partnerships to increase adoption. In 2028, SCA aims to become a leading platform for decentralized lending and borrowing. Long-term goals include integrating advanced AI algorithms for risk assessment and implementing cross-chain functionality by 2031. With its current market cap of $1.73M and a strong community backing, Scallop is well-positioned for substantial growth. The project's commitment to innovation and user-centric development suggests a bright future, potentially reaching new all-time highs in the coming years.