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SKALE

SKL

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Market

Market stats

Market cap

$613.5M

Volume (24h)

$46.8M

Circulating supply

5.2B SKL

Typical hold time

121 days

Popularity

#143

All time high

$1.38

Price change (1h)

-1.07%

Price change (24h)

-1.82%

Price change (7d)

+19.24%

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.

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Social

Some highlights about SKALE on social media

596 unique individuals are talking about SKALE and it is ranked #564 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, SKALE has an average sentiment score of 3.6 out of 5. Finally, SKALE is becoming more newsworthy, with 0 news articles published about SKALE. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about SKALE. There were 72.46% of tweets with bullish sentiment compared to 10.18% of tweets with a bearish sentiment about SKALE. 17.37% of tweets were neutral about SKALE. These sentiments are based on 167 tweets.

On Reddit, SKALE was mentioned in 1 Reddit posts and there were 3 comments about SKALE. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

596 people

Volume rank

#564

Average Sentiment

3.6 out of 5

Twitter

Coinbase Bytes

Coinbase Bytes

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SKALE is on the rise this week.

The price of SKALE has decreased by 1.07% in the last hour and decreased by 1.82% in the past 24 hours. SKALE’s price has also risen by 19.24% in the past week. The current price is $0.12 per SKL with a 24-hour trading volume of $46.82M. Currently, SKALE is valued at 91.29% below its all time high of $1.38. This all-time high was the highest price paid for SKALE since its launch.

The current circulating supply of SKALE is 5,179,144,337 SKL which means that SKALE has as total market cap of 5,179,144,337.

FAQ

What is the current price of SKALE?

We update our SKALE to USD 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 $613.52M. 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 $1.38. 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 $46.82M.

What other assets are similar to SKALE?

Assets that have a similar market cap to SKALE include STEPN, Compound, aelf, and many others. To see a full list, see our comparable market cap assets.

How many SKALE are there?

The current circulating supply of SKALE is 5.2 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 121 days.

What is the relative popularity of SKALE?

SKALE ranks 58 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.

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Navigate the world of Ethereum Name Service (ENS) profiles. Connect, learn, and engage with the web3 community on profile.coinbase.com. Check out some of the most popular ENS profiles below.