Earlier today, South Korea’s largest crypto exchange, Upbit, announced the listing of three new projects: Berachain (BERA), Jito (JTO), and Scroll (SCR). Following the announcement, the prices of JTO and SCR saw significant spikes.
Upbit Listing Details
Upbit announced the listing of Berachain, supporting trading pairs with KRW, BTC, and USDT. Berachain is expected to launch its mainnet later today as a new EVM-compatible L1 blockchain. Additionally, Upbit announced the listing of JTO and SCR, supporting BTC and USDT trading pairs, scheduled for 6 PM South Korean time.
JTO and SCR Prices Spiked
JTO's price spiked from $2.72 to almost $2.88 following Upbit's announcement and is currently priced at $2.79 with a market cap exceeding $811 million. SCR also saw price spikes; from an initial trading price of $0.58, it surged to $0.7. It is currently priced at $0.66, marking an over 13% increase with a market cap of $126 million.
Features of Jito and Scroll Projects
Jito Network significantly contributes to the Solana ecosystem through its JitoSOL liquid staking pool and MEV products. Scroll provides a Layer-2 scaling solution to enhance Ethereum's efficiency and scalability, utilizing zkRollup technology to reduce transaction costs and improve network throughput.
The listing of Berachain, Jito, and Scroll on South Korea's largest exchange, Upbit, has fueled interest and price growth in these projects, potentially influencing their future development and investor perception.
