SK

SKALE

SKL
Layer 2Rank #92Ethereum

$78.69

+5.43%24h
-9.98%7d

Market Cap

$8.80B

Volume 24h

$862.49M

Vol / Market Cap

9.80%

Rank

#92

SKL Price Chart

About SKALE

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.

How It Works

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.

Use Cases

Dedicated App Chains: Used to secure the SKALE network, which provides developers with their own high-speed, zero-fee sidechains for Ethereum applications.

Tokenomics

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.

Risks & Considerations

Faces stiff competition for "low-cost" scaling; struggles with low liquidity and minimal institutional interest.

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