SKALE price

in USD
$0.028010
+$0.0076500 (+37.57%)
USD
We can’t find that one.
Check your spelling or try another.
Market cap
$162.01M #119
Circulating supply
5.78B / 7B
All-time high
$1.0754
24h volume
$84.32M
3.2 / 5
SKLSKL
USDUSD

About SKALE

$SKL, or SKALE, is the native cryptocurrency of the SKALE Network, a blockchain platform designed to enhance the speed, scalability, and efficiency of decentralized applications (dApps). Unlike traditional blockchains that can become slow and expensive as they grow, SKALE provides developers with customizable, high-performance sidechains that work alongside Ethereum, enabling faster transactions and lower costs. $SKL plays a vital role in this ecosystem, serving as a utility token for securing the network, staking, and accessing resources. Whether you're a developer building dApps or a user exploring blockchain technology, SKALE aims to make decentralized systems more practical and accessible. Its focus on scalability and user-friendly solutions makes $SKL a key player in the future of blockchain innovation.
AI-generated
Layer 1
CertiK
Last audit: Sep 26, 2022, (UTC+8)

SKALE’s price performance

Past year
-17.26%
$0.03
3 months
+9.92%
$0.03
30 days
+31.37%
$0.02
7 days
+40.54%
$0.02
54%
Buying
Updated hourly.
More people are buying SKL than selling on OKX

SKALE on socials

OKX中文
OKX中文
#OKX Daily Briefing 🔥Keywords: #Circle #CPI Greed Index For more cutting-edge news and benefits, feel free to follow the Chinese announcement channel👉
SKALE
SKALE
Most franchises give you the plot @ItRemains_World gives you the power to change it! Now live on SKALE for instant, gasless participation Read the novel Play the game Vote on the future Your story starts here 👇
Jack O'Holleran
Jack O'Holleran
I got a lot of good questions today about how SKALE plans to win. Here are some thoughts: 1 - We have to keep working our hardest, be positive, and control what we can. I can personally attest that everyone in the core team, validator community, and general SKALE dev ecosystem is grinding right now. People are working early to late and leaving it all on the field. There is a lot out of our control, but we are giving it our best day and in day out to make it come together. We are pushing through the challenges and hungry for success. 2 - We need to innovate to win. I've said this a lot, but we need to have features and functionality you can't get elsewhere. Fast EVM is commoditized. BITE protocol enables Proof-of-Encryption which has the potential to change the way finance operates onchain. The plan is that BITE will not be limited to FAIR and will be available across the SKALE ecosystem. We need to get more details up in the forum and get consensus on the plan. 3 - We need to capture TVL. The plan is to do this by entering the L1 space with FAIR with a set of fully differentiated features and value props for defi builders. There are a lot of people from a lot of companies that need to coordinate and execute to make this happen. Progress is very good thus far. I'm excited to see this continue to evolve and roll out. 4 - We need to introduce BURNING in a serious way for SKALE. There are plans to deliver burn mechanisms of SKL directly into FAIR. FAIR will be one of the first dual token networks to exist where two tokens operate seamlessly to run the economics of the network. Specs for exactly how this happens and in what situations are in the midst of open source development. I'm excited to see the proposals brought forward in the near future. In addition to SKL burning in FAIR, we need to think creatively about how to start burning SKL natively in the SKALE Network. Paying for BITE protocol via burning is one great idea that has come from the dev community. Another idea is to increase chain fees, but burn the increased amount in the payment. One other phenomenal idea that was brought to the table is to create a SKL burning chain that would introduce transaction fees that burn SKL. This idea is very early, but I think it has promise as long as it doesn't impact the broader economics and value prop of SKALE. I'm looking forward to seeing this idea evolve. I've heard other great ideas as well. In general, we need to continue to evolve and optimize the network token economics. 5 - We have to continue to put developers first and listen to their needs. Product Market Fit is the name of the game. With that in mind we have to keep winning in our areas of strength. Gaming, AI, and DePin are huge categories for SKALE. We beat other projects every day in competitive situations. We have to keep doing this and do it even more. FAIR will help us do this as well as the liquidity will be directly accessible to SKALE chains via wallet and smart contract design. Last point -- SKALE is a decentralized project and these thoughts are my own. There are many people actively working on the project in the open source community, dapp community, core team, validators, etc. I will be pushing hard to make these objectives come to fruition, but it takes a lot of hands and a lot of minds to execute in a decentralized blockchain. We need the community to come together to make it happen. For all of you out working on SKALE everyday, I commend you and appreciate all that you do. For all of the community members supporting the project, we appreciate you more than you know. You are a major part of why we work so hard.

Guides

Find out how to buy SKALE
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict SKALE’s prices
How much will SKALE be worth over the next few years? Check out the community's thoughts and make your predictions.
View SKALE’s price history
Track your SKALE’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Own SKALE in 3 steps

Create a free OKX account

Fund your account

Choose your crypto

Trade a wide selection of crypto on OKX

SKALE FAQ

SKALE is a blockchain network that is open-source and customizable. It provides users and developers with tools to build Ethereum-based decentralized applications (dApps) with high throughput and speed.

SKL is a multifaceted token that enables holders to participate in the network's operations as a validator, stake as a delegator, and create an "elastic sidechain" or "elastic blockchain" for a limited time as a developer. Validators can stake SKL to operate network nodes and earn rewards.

While it’s challenging to predict the exact future price of SKL, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
Currently, one SKALE is worth $0.028010. For answers and insight into SKALE's price action, you're in the right place. Explore the latest SKALE charts and trade responsibly with OKX.
Cryptocurrencies, such as SKALE, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as SKALE have been created as well.
Check out our SKALE price prediction page to forecast future prices and determine your price targets.

Dive deeper into SKALE

SKALE is an open-source, customizable blockchain network that equips users and developers with the tools to create Ethereum-based decentralized applications (dApps) with high throughput and performance. SKL is the native ERC-777 standard token of the SKALE Network.

SKALE aims to reduce transaction fees and enable network participants with high throughput by introducing a scalable Web3 sidechain called SKALE chain. The architecture of SKALE is supported by SKL token holders and validators that run nodes.

The SKALE network follows a Proof of Stake (PoS) consensus mechanism that is leaderless and asynchronous. SKALE aims to solve the Ethereum scalability issue with a bridge called Interchain Messaging Agent (IMA), which enables transferring of tokens and messages. These transfers are secured using BLS threshold cryptography.

It resolves technical problems and boosts any application's performance by creating an elastic sidechain that is EVM-compatible and interoperable with Ethereum. SKALE manager is responsible for creating these sidechains. It exists on Ethereum mainnet and handles all operations, such as node creation, withdrawals, and bounties.

The SKALE network also supports Solidity, enabling developers to use the same tools and token standards on the Ethereum mainnet. They can even leverage the Web3 storage layer of the SKALE network to directly store files on the elastic chain. Considering the SKALE network can handle over 2,000 transactions per second, and Ethereum can only execute approximately 10 to 45, this project can be a prominent execution layer for many blockchains moving forward.

To add more utility value to the network, the team at SKALE labs plans to add two main extensions storage and inter-chain communication. These will enhance storage capabilities and message relays between multiple sidechains, respectively.

SKL price and tokenomics

SKL is the native multi-purpose token of the SKALE network. It has a maximum supply of 7 billion. At the time of the network launch, 4.14 billion SKL tokens were released. SKL tokens were publicly sold on ConsenSys Activate, raising over $5 million with over 3,700 purchasers. The SKL price was $0.03, and more than 167 million tokens were purchased.

More than a third of the total supply of SKL tokens went to the validator community at an annual issuance rate of 9.3 percent. An additional 25 percent of tokens were given to network supporters, including validators, delegators, and users of other sidechains. A further 20 percent was distributed to employees and the founding team, with a total vesting period of over 5 to 6 years.

About the founders

On Jan 1, 2018, SKALE was founded by CEO Jack O'Holleran and CTO Stan Kladko. Before starting SKALE, O'Holleran spent over a decade building Aktana, a company dedicated to helping life science companies with their AI-enabled Contextual Intelligence Engine.

Kladko has over 18 years of experience in cryptography and holds a Ph.D. in Physics. At Stanford University, he founded a crypto startup called Ingrian Networks, which SafeNet later acquired.

SKALE has raised a total funding amount of $22.5 million over six rounds. The initial coin offering helped raise $5 million; the rest came from top investors from Korea, the US, and Europe. Arrington Capital, Multicoin Capital, and Blockchange Ventures are a few investors in funding rounds.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$162.01M #119
Circulating supply
5.78B / 7B
All-time high
$1.0754
24h volume
$84.32M
3.2 / 5
SKLSKL
USDUSD
Easily buy SKALE with Visa or Mastercard