Scroll (SCR) premarket futures fell to a record low of $1.18 on Friday, October 11, as trading worried about recent airdrops. Its low was $1.74, below its weekly high.

Most of the recent high-profile airdrops have not had the expected impact, causing distrust among investors. For example, Wormhole’s token is down more than 83% from its listing price, while Hamster Kombat is down 72% from its all-time high, and Catizen is also down significantly.

This decline appears to be partly due to the poor health of the broader crypto market. The fear and greed index remained stuck below 45 and Bitcoin also failed to clear the resistance point at $65,000.

Another possible reason is that many recent airdrops leave a large amount of tokens locked. For example, Wormhole has 2.58 billion tokens in circulation versus a maximum supply of 10 billion.

Similarly, ZkSync has 3.6 billion tokens in circulation against its maximum supply of 21 billion. This weakens investors’ confidence in airdrops and raises doubts about their potential returns.

Scroll will have a maximum supply of 1 billion SCR tokens. 23% of these tokens will be allocated to contributing members, 15% will be reserved for airdrops, and 7% will be distributed in the first airdrop. The remaining tokens will be distributed to investors, foundation and ecosystem growth.

However, to be fair, these futures do not provide a clear picture of what will happen after the airdrop. This is because they are offered by only one exchange and their trading volumes are relatively low.

Scroll has become one of the fastest growing blockchains this year. It has attracted 103 developers in the field of decentralized finance. According to DeFi Llama, it has more than 83,000 addresses and a total value lock of $807 million.

It also holds more than $103 million in stablecoins, which is a good amount for a network that launched a year ago. These figures show that Scroll has attracted the attention of investors by creating a solid ecosystem.

The largest dApps on its network include Pencils Protocol, AAVE, Tranches Yield, Tokan Exchange, and Kelp DAO. Pencils, the largest dApp in the ecosystem, is a farming network that offers its 709,000 users the opportunity to earn returns.

Scroll has also become a notable player in the DEX industry; Their dApp has processed $178 million in token transactions in the last seven days. These figures make Scroll a larger blockchain than Cardano, Near Protocol and Algorand.

In summary, Scroll’s upcoming airdrop continues to attract the attention of investors while generating great curiosity in the crypto market. However, the failures of recent airdrops and market conditions make the impact of this situation on investors uncertain. Therefore, it is important for investors to remain cautious and continue to monitor developments.