About SKALE
SKALE (SKL) is the native token of SKALE, a network of interoperable, EVM compatible Layer-1 blockchains built to deliver high performance, zero gas fees, and unmatched scalability for decentralized applications (dApps). The SKALE Network operates through an innovative leaderless consensus mechanism, enabling an unlimited number of independent, EVM-compatible blockchains (SKALE Chains) to run seamlessly. The SKL token empowers its holders to stake as validators, participate as delegators, vote in governance, and access network resources to deploy scalable, decentralized applications tailored to their needs.
Buy SKALE
Trading Insights
Buyer Ratio
Traders
475
15.85%
Buyers
207
27.78%
Sellers
319
22.22%
Searched
383
Market Stats
Market Cap
£121.26M
-6.86%
FDV
£142.41M
Circ. Supply
6B SKL
Max Supply
7B SKL
Total Supply
6.2B SKL
Diluted Valuation
£123.67M
Performance
Popularity
#270
Dominance
0%
Volume (24H)
£48.52M
9.07%
Volume (7D)
£112.57M
Volume (30D)
£2.36B
All time high
£1.02
Price Change (1Y)
-22.02%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Additional details
Recent trends
The price of SKALE has decreased by 0.36% in the last hour and decreased by 5.83% in the past 24 hours. SKALE’s price has also fallen by 5.51% in the past week. The current price is £0.0202 per SKL with a 24-hour trading volume of £48.52M. Currently, SKALE is valued at 98.01% below its all time high of £1.02. This all-time high was the highest price paid for SKALE since its launch.
The current circulating supply of SKALE is 5,960,602,671 SKL which means that SKALE has as total market cap of £121,262,517.89.
Market details
SKL vs markets
↘ 57.99%
SKL vs BTC
↘ 57.14%
SKL vs ETH
↘ 54.9%
Tags
platform
gaming
scaling
smart-contracts
+7
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x00c83aeCC790e8a4453e5dD3B0B4b3680501a7A7 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0202 | ↘ 5.83% |
1 Day | £0.0216 | ↘ 5.83% |
1 Week | £0.0214 | ↘ 5.51% |
1 Month | £0.0220 | ↘ 7.42% |
1 Year | £0.0264 | ↘ 22.02% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
SKALE (SKL) is a modular blockchain network that seeks to enhance the scalability of Ethereum. It is designed to run an unlimited number of on-demand, pooled-security blockchains with the intention of reducing 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 reduce 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. 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 potentially offer 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.
We update our SKALE to GBP currency in real-time. Get the live price of SKALE on Coinbase.
The current market cap of SKALE is £121.26M. A high market cap implies that the asset is highly valued by the market.
The all-time high of SKALE is £1.02. This all-time high is highest price paid for SKALE since it was launched.
Over the last 24 hours, the trading volume of SKALE is £48.52M.
Assets that have a similar market cap to SKALE include BounceBit, World Mobile Token, Holo, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of SKALE is 6 billion.
SKALE ranks 69 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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.
Yes, SKALE is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy SKALE guide.
SKALE news
Trending articles
Social stats
Popularity in posts
#530
Contributors
283
Posts
669
% About SKALE
0.05%
Hold times
0 days
X (Twitter)
29.84% bullish
Sentiment
3.1 ★
Highlights
283 unique individuals are talking about SKALE and it is ranked #530 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 62 out of 5. Finally, SKALE is becoming less newsworthy, with 0 news articles published about SKALE.
On Twitter, people are mostly neutral about SKALE. There were 34.41% of tweets with bullish sentiment compared to 15.3% of tweets with a bearish sentiment about SKALE. 65.59% of tweets were neutral about SKALE. These sentiments are based on 666 tweets.
On Reddit, SKALE was mentioned in 1 Reddit posts and there were 0 comments about SKALE. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.