Scallop, a decentralized lending protocol on the Sui blockchain, has achieved a total value locked (TVL) of $102 million as of September 2025, according to a report by Messari. The platform has generated over $6 million in cumulative revenue. Scallop offers over-collateralized lending services and features such as lending, swapping, and flash loans, supported by innovative risk management and liquidation mechanisms. The native token, SCA, can be converted into veSCA through staking, allowing users to earn up to four times the borrowing rewards. Looking ahead, Scallop plans to introduce anti-price manipulation features and liquidation-free vaults, alongside efforts to enhance decentralized governance.