Vanilla Finance Surges to $100 Million in Trading on Scroll Ecosystem

IconCryptoNewsTerminal Staff13 Jun, 2024

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Vanilla Finance Surges to $100 Million in Trading on Scroll Ecosystem

Decentralized crypto derivatives trading platform Vanilla Finance (Vanilla) has reached a significant milestone, surpassing $100 million in trading volume within just a week of onboarding onto the zkEVM-based Ethereum (ETH) Layer 2 network Scroll. This achievement marks the fastest $100 million trading volume milestone in the history of DeFi on the Scroll ecosystem. During the same period, Vanilla reportedly onboarded over 2,500 DeFi traders, indicating strong adoption and interest in its platform. The recent partnership between Vanilla and Scroll has played a pivotal role in this success, providing Vanilla with access to Scroll's high-throughput, low-cost transaction processing capabilities. To further accelerate growth and adoption, Vanilla is running an exclusive event offering Scroll Marks to reward early Scroll adopters. Additionally, the platform has launched a unique product that allows users to hold 1 BTC for $10, making it more accessible for users to gain exposure to Bitcoin. "Our goal is to leverage Scroll's cutting-edge ZK-rollup technology to drive DeFi innovation and growth," said a Vanilla representative. "The performance and scalability advantages of Scroll will enable us to offer our users a superior trading experience and open up new possibilities for the DeFi ecosystem." Vanilla Finance's rapid success on the Scroll ecosystem highlights the growing demand for efficient and accessible DeFi platforms. As the crypto market continues to evolve, projects like Vanilla that embrace innovative technologies are well-positioned to capture market share and drive the next wave of DeFi adoption.