Scallop, the leading decentralized finance (DeFi) protocol on the Sui blockchain, has achieved a significant milestone with over 50 million $SCA tokens locked in the protocol —representing 20% of the total supply and 40% of the circulating supply. With an average lock‑up duration of 3.71 years, this achievement highlights the unwavering confidence of Scallopers in the protocol’s long‑term vision, even amid ongoing market turbulence.
This surge in locked tokens underscores Scallop’s robust lending model and reward structure, where users lock $SCA to receive vote‑escrow SCA (veSCA), unlocking up to a 4x boost in borrowing incentives. This mechanism not only enhances user returns but also promotes greater asset circulation and ecosystem stability.
“We’re in a down market—but our users are still locking up 20% of supply for almost four years,” said Kris Lai, Founder & CEO of Scallop. “That’s not speculation. That’s conviction. Scallop isn’t built to ride trends—we’re building a sustainable, long‑term ecosystem.”
Community-Driven Growth and Incentives
The locking milestone reflects Scallop’s effective veSCA model, which incentivizes long‑term participation by offering revenue sharing, boosted yields, and governance rights. This has driven active engagement, with users leveraging veSCA to amplify borrowing APRs and share in protocol revenue.
This locking achievement comes on the heels of Scallop’s strong performance, including a peak Total Value Locked (TVL) of $195 million in November 2024 and sustained TVL around that level as of September 2025. The protocol’s cumulative revenue reached $5 million earlier in 2025, with ongoing security updates ensuring resilience.
About Scallop
Scallop is the Next Generation Money Market on Sui, built for both everyday users and institutions. The protocol prioritizes robust security, composability, and real yield — helping users borrow, lend, and maximize returns in a secure and scalable way.
For more info, users can visit scallop.io
DApp: https://app.scallop.io/
Docs: https://docs.scallop.io/