1. Fundamental Analysis

1.1 Introduce

Pencils Protocol is the next-gen decentralized platform that offers auction services for blockchain native assets and RWAs, along with unified and leveraged yield aggregation services for users to maximize asset utilization.Pencils Protocol also serve as Scroll native gateway for liquid staking and restaking assets. Powered by Scroll, Pencils Protocol redefines the Layer-2 sectors by utilizing Scroll’s zero-knowledge technology. We focus on scalable and private DeFi services, enhancing yield aggregation and farming. By leveraging the synergy between our launchpad and farming solutions, we aim to become the primary TVL gateway for the Scroll ecosystem.

1.2 Basic Info

NameValueNameValue
SymbolDAPPMarket Cap1214720
NamePencils ProtocolWhite Paper--
Web Sitehttps://pencilsprotocol.io/Is ICONone
Wallet--Raised Funds-
Source--Distribution-
Explorerhttps://etherscan.io/Algorithm--
Forum--Proof--
Mining Total100000000
Supply100000000Release Date2024-09-27
Available Supply14600000

2. Technical Analysis

2.1 Kline Chart

2.2 Analysis

Consecutive bearish trend, strong resistance at 0.1856, potential for downward momentum, cautious approach recommended.