According to BlockBeats, on July 23, the total value locked (TVL) in the Pencils Protocol within the Scroll ecosystem exceeded $300 million, making it the highest TVL DeFi protocol in the Scroll ecosystem. Additionally, Pencils Protocol leads in weekly and monthly TVL growth rates and incremental data within the Scroll ecosystem. Pencils Protocol is currently the largest native DeFi project in the Scroll ecosystem. It serves as a one-stop yield aggregator and auction platform based on Scroll, integrating functions such as Launchpad, unified asset aggregation and distribution, and leveraged yield. The protocol aims to maximize users' asset utilization.

On Jul 23, 2024, 08:32 AM(UTC). According to Binance Market Data, Ethereum has crossed the 3,500 USDT benchmark and is now trading at 3,510.219971 USDT, with a narrowed 0.75% increase in 24 hours.

According to CryptoPotato, the XRP rally has resumed this week with buyers continuing to dominate the market. The key support level is identified at $0.54, while the key resistance level is at $0.68. XRP bounced back from the 54 cents support level after buyers rushed in, leading to a price increase of over 10% since that level was tested. As long as this support is defended, the bullish bias remains intact. However, since XRP reached a local high of nearly 64 cents, the trading volume has been decreasing. While this is not currently a major concern, it could become problematic if the trend continues. A decrease in volume could provide an opportunity for sellers to push against the key support level again. A second test of this support level could be interpreted as a bearish signal. Despite the volatility observed in lower timeframes, the weekly MACD (Moving Average Convergence Divergence) remains strong, showing a clear bullish trend with higher highs on the histogram. As long as this bullish momentum continues, XRP has the potential to aim for new highs and challenge the resistance level at 68 cents.