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SKALE

SKL

AUD

About SKALE

SKALE (SKL) is an Ethereum token that powers the SKALE Network, which describes itself as “an Ethereum Native network with a leaderless consensus designed to run on an uncapped number of independent nodes.” Nodes on the Skale Network provide resources to multiple decentralized modular blockchains. The SKL token grants a right to participate as a network validator, stake as a delegator, or access a share of the network’s resources as a developer.

SKALE (SKL) is a modular blockchain network that seeks to enhance the scalability of Ethereum. It is designed to run an unlimited number of fast, on-demand, pooled-security blockchains with the intention of eliminating gas fees for end users. These individual chains, known as SKALE chains, can be specific to a decentralized application (dApp) or shared. SKALE's architecture aims to address Ethereum's scalability issues and strives to eliminate gas fees for end users, which could be an advantage when the Ethereum network is busy. The network's capacity aims to grow as new nodes join, potentially allowing it to handle a large number of transactions per second. SKALE is a decentralized, open-source, and community-owned project.

SKALE operates as a multichain network composed of many chains that pool security. While these chains do not share performance, they do share security across validator sets. Each validator node can run concurrently on eight chains, and nodes are randomly assigned and rotated to optimize collusion resistance. SKALE uses a proof-of-stake (PoS) consensus model to secure the network. Developers can deploy their own interoperable Ethereum Virtual Machine (EVM) blockchain on SKALE without sacrificing security or decentralization. The network's containerized subnode structure aims to provide high performance and flexibility, potentially offering developers options similar to centralized systems.

SKALE aims to support a wide range of Ethereum-based applications and decentralized solutions. It seeks to scale transaction throughput, transactions per second, latency, and connectivity to API-based wallets, among other things. SKALE aims to be effective for building and scaling Ethereum-based applications, which could range from games to decentralized finance to productivity and media applications. It also enables dApps to store files locally on-chain, opening up new Web3 use cases. Full websites, applications, and AI/ML technology can integrate directly on-chain, and NFT images can be stored on-chain rather than in centralized cloud hosting platforms.

SKALE Network was founded by Jack O’Holleran and Stan Kladko, both of whom have extensive experience in the software industry. O’Holleran, the co-founder and CEO of SKALE, is a technology entrepreneur specializing in blockchain and decentralized systems. Kladko, on the other hand, spent many years obtaining a Ph.D. in physics before co-founding SKALE and has co-founded several other companies. The total supply of SKL tokens at the launch of the SKALE Network was 4.1 billion, with a maximum supply fixed at 7 billion tokens.

Market

Australia Market Stats

Market cap

A$630.2M

Volume (24h)

A$31.2M

Circulating supply

5.4B SKL

Typical hold time

122 days

Popularity

#167

All time high

A$2.07

Australia Market performance

Price change (1h)

-0.26%

Price change (1d)

-2.87%

Price change (1w)

-13.44%

Price change (2w)

+4.49%

Price change (1m)

+2.9%

Price change (1y)

+126.07%

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SKALE is on the decline this week.

The price of SKALE has decreased by 0.26% in the last hour and decreased by 2.87% in the past 24 hours. SKALE’s price has also fallen by 13.44% in the past week. The current price is A$0.12 per SKL with a 24-hour trading volume of A$31.20M. Currently, SKALE is valued at 94.35% below its all time high of A$2.07. This all-time high was the highest price paid for SKALE since its launch.

The current circulating supply of SKALE is 5,384,019,337 SKL which means that SKALE has as total market cap of 5,384,019,337.

FAQ

What is the current price of SKALE?

We update our SKALE to AUD currency in real-time. Get the live price of SKALE on Coinbase.

What is the market cap of SKALE?

The current market cap of SKALE is A$630.18M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of SKALE?

The all-time high of SKALE is A$2.07. This all-time high is highest price paid for SKALE since it was launched.

What is the 24 hour trading volume of SKALE?

Over the last 24 hours, the trading volume of SKALE is A$31.20M.

How many SKALE are there?

The current circulating supply of SKALE is 5.4 billion.

What is the typical holding time of SKALE?

The median time that Coinbase customers hold SKALE before selling it or sending it to another account or address is 122 days.

What is the relative popularity of SKALE?

SKALE ranks 56 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of SKALE?

Currently, 79% of Coinbase users are buying SKALE. In other words, 79% of Coinbase customers have increased their net position in SKALE over the past 24 hours through trading.

Can I buy SKALE on Coinbase?

Yes, SKALE is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy SKALE guide.