Scallop Listed on Kraken: SCA Token Gains Major Exchange Access
Scallop has achieved a significant milestone with its native token listing on Kraken. The SCA token went live for trading on October 27, 2025, marking the first time a DeFi protocol built on Sui received this recognition from a major exchange. This development opens new doors for traders and institutions looking to engage with decentralized finance opportunities on the Sui blockchain.
Kraken Listing Expands Scallop SCA Token Accessibility
Kraken operates under strict regulatory compliance across the United States and the European Union. The platform has earned global recognition for security and institutional-grade reliability. This listing comes as Kraken prepares for a potential IPO following a $500 million fundraising round in September 2025 that valued the company at approximately $15 billion.
The timing of the Scallop SCA listing positions the token for increased visibility. Users can now deposit and trade SCA through networks supported by Kraken’s infrastructure. The exchange has implemented secure transfer protocols to protect user assets during transactions.
Scallop Money Market Protocol on Sui Blockchain
Scallop operates as a peer-to-peer money market on Sui, integrating lending, borrowing, an automated market maker, cross-chain tools, and decentralized governance. The protocol stands out through its architecture that separates collateral and lending markets. This design enhances capital efficiency and strengthens systemic resilience.
Scallop received backing from leading investors, including 6MV, CMS Holdings, Sui Foundation, and UOB Venture Management. The protocol was the first DeFi platform on Sui to receive a grant from the Sui Foundation. This recognition validates Scallop’s innovative approach to decentralized finance.
SCA Token Powers Governance and Staking Rewards
The native SCA token serves multiple functions within the Scallop ecosystem. Token holders can participate in governance decisions that shape the protocol’s future. Staking mechanisms allow users to earn rewards while supporting network operations. The token also drives incentive programs designed to boost platform adoption.
The ecosystem has achieved impressive metrics with over 50 million SCA locked, representing 20% of total supply and 40% of circulating supply for an average of 3.71 years. This long-term commitment demonstrates strong confidence from the community.
Scallop Performance Metrics and Growth Trajectory
The protocol reached a peak Total Value Locked of $195 million in November 2024 and maintained TVL around that level as of September 2025. These figures reflect sustained user interest and capital deployment. Scallop’s cumulative revenue reached $5 million in 2025, highlighting the protocol’s ability to generate sustainable returns.
The platform continues implementing security updates to maintain resilience. Regular audits and protocol improvements protect user funds while enabling seamless transactions. Scallop prioritizes robust security alongside composability and real yield generation.
What the Kraken Listing Means for DeFi Innovation
The Scallop listing on Kraken represents more than exchange access. It signals growing mainstream acceptance of Sui-based protocols. Traders can now access SCA through a trusted platform known for reliability and regulatory compliance. Institutions gain a vetted entry point into the Scallop ecosystem.
This partnership sets the stage for enhanced DeFi innovation on Sui. Both platforms prepare for upcoming milestones that will drive further adoption. The combination of Kraken’s reach and Scallop’s technological foundation creates opportunities for ecosystem growth.
Conclusion
Scallop enters a new phase of global accessibility through the Kraken listing. The protocol has aligned upcoming events and incentives to capitalize on increased visibility. Users can participate in lending, borrowing, and yield optimization through a secure and scalable platform.
The listing provides everyday users and institutions with streamlined access to Scallop’s money market features. As the protocol expands its capabilities, the SCA token stands positioned to benefit from growing DeFi adoption on Sui.
