SKALE
SKL$78.69
Market Cap
$8.80B
Volume 24h
$862.49M
Vol / Market Cap
9.80%
Rank
#92
SKL Price Chart
SKALE is an Ethereum Layer 2 network providing elastic sidechains.
SKALE is an Ethereum Layer 2 network that provides elastic sidechains for scalable Web3 applications.
A modular blockchain network that provides "Elastic Sidechains" for Ethereum. Developers can rent their own private, high-speed blockchain that is secured by the main Ethereum network, allowing for zero-gas fee apps.
Dedicated App Chains: Used to secure the SKALE network, which provides developers with their own high-speed, zero-fee sidechains for Ethereum applications.
Dedicated App-Chains: Used to pay for "Chain Subscriptions." Developers rent their own dedicated sidechain for their app, meaning users don't have to compete for block space or pay gas fees.
Faces stiff competition for "low-cost" scaling; struggles with low liquidity and minimal institutional interest.
