SKALE (SKL) Price Index
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MarketCap$ 40,606,968
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Volume$ 4,567,202
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Change1.92%
SKALE
Bitcoin
Mezo Wrapped BTC
Osmosis allBTC
NEAR Intents Bridged BTC
Bitcoin Second Chance
Bitcoin Base
Bitcoin AI
batcat
Bobby The Cat
Big Tom Coin
Bobby The CatEthereum
Bridged Ether (StarkGate)
Osmosis allETH
NEAR Intents Bridged ETH
Krown Bridged ETH (Krown)
Bridged Binance-Peg Ethereum (opBNB)
The Ticker Is ETHTether
Cronos Bridged USDT (Cronos)
opBNB Bridged USDT (opBNB)
ENI Bridged USDT (ENI)
Linea Bridged USDT (Linea)
Injective Bridged USDT (Injective)
L2 Standard Bridged USDT (Base)
Scroll Bridged USDT (Scroll)
KCC Bridged USDT (Kucoin Community Chain)
Polygon Hermez Bridged USDT (x Layer)
StarkGate Bridged USDT (StarkNet)
Pulsechain Bridged USDT (Pulsechain)
Morph L2 Bridged USDT (Morph L2)
Abstract Bridged USDT (Abstract)
Map Bridged USDT (Map)
xDai Bridged USDT (Gnosis)
Sophon Bridged USDT (Sophon)
Krown Bridged USDT (Krown)
Stargate Bridged USDT
Celer Bridged USDT (Conflux)
HashKey Bridged USDT (HashKey)
Osmosis allUSDT
Wormhole Bridged USDT (Kaia)
NEAR Intents Bridged USDT
CoreDAO Bridged USDT (Core)
Etherlink Bridged USDT (Etherlink)
Sonic Gateway Bridged USDT (Sonic)
Polygon Hermez Bridged USDT (Polygon zkEVM)
RainLink Bridged USDT (Xone)
TAC Bridged USDT (TAC)
Celer Bridged USDT (Astar)
Reddex Bridged USDT (Redbelly)
Thundercore Bridged USDT (Thundercore)
Lisk Bridged USDT (Lisk)
Unit Zero Network Bridged USDT (Unit Zero Network)
Symbiosis Bridged USDT (Bahamut)
Mode Bridged USDT (Mode)
Zircuit Bridged USDT (Zircuit)
BOB Network Bridged USDT (BOB Network)
Soneium Bridged USDT (Soneium)
Beam Bridged USDT (Beam)
ShimmerBridge Bridged USDT (ShimmerEVM)
Unichain Bridged USDT (Unichain)
Nova Merged USDT (zkLink)
Fuse Bridged USDT (Fuse)
Arken Bridged USDT (Viction)
Areum Bridged USDT (Areum Network)
Pundi AIFX Omnilayer Bridged USDT (Pundi AIFX Omnilayer)
Ficus Root Bridged USDT (Taraxa)USDC
Binance Bridged USDC (BNB Smart Chain)
StarkGate Bridged USDC (Starknet)
Cronos Bridged USDC (Cronos)
Linea Bridged USDC (Linea)
Bridged USD Coin (Scroll)
zkSync Bridged USDC (zkSync)
Mantle Bridged USDC (Mantle)
Gnosis xDAI Bridged USDC (Gnosis)
Etherlink Bridged USDC (Etherlink)
CCIP Bridged USDC (Ronin)
Bridged USD Coin (PulseChain)
Polygon Hermez Bridged USDC (X Layer)
SX Rollup Bridged USDC (SX Rollup)
Initia Bridged USDC (Initia)
NEAR Intents Bridged USDC
LayerZero Bridged USDC (Aptos)
Wanchain Bridged USDC (Cardano)
Multichain Bridged USDC (Fantom)
Celer Bridged USDC (Astar)
Bridged USDC (Immutable zkEVM)
Rainbow Bridged USDC (Aurora)
Rollux Bridged USDC (Rollux)
Cronos zkEVM Bridged USDC (Cronos zkEVM)
Sophon Bridged USDC (Sophon)
Taiko Bridged USDC (Taiko)
Bridged USD Coin (Manta Pacific)
KCC Bridged USDC (KuCoin Community Chain)
Squid Bridged USDC (Saga)
Polygon Hermez Bridged USDC (Polygon zkEVM)
Morph L2 Bridged USDC (Morph L2)
Celer Bridged USDC (Conflux)
Eclipse Bridged USDC (Eclipse)
Bifrost Bridged USDC (Bifrost)
Beam Bridged USDC (Beam)
Synapse Bridged USDC (Elastos)
Mode Bridged USDC (Mode)
CoreDAO Bridged USDC (Core)
Zero Network Bridged USDC (Zero Network)
Mantra Bridged USDC (Mantra)
Arbitrum Bridged USDC (Arbitrum Nova)
Hyperlane Bridged USDC (Mantra EVM)
Nomad Bridged USDC (Moonbeam)
Bridged USD Coin (Force Bridge)
Skale IMA Bridged USDC (Skale)
Celer Bridged USDC (Filecoin)
Symbiosis Bridged USDC (Bahamut)
Arbitrum Bridged USDC (EDU Chain)
Wormhole Bridged USDC (Fantom)
Thundercore Bridged USDC (Thundercore)
zkLink Nova Merged Bridged USDC (zkLink Nova)
Fraxtal Bridged USDC (Fraxtal)
Shido Bridged USDC (Shido)
Chainport Bridged USDC (Humanode)
Superseed Bridged USDC (Superseed)
Q Bridged USDC (Q Mainnet)
Sanko Bridged USDC (Sanko)
Energi Bridged USDC (Energi)
Celer Bridged USDC (Oasys)
Multichain Bridged USDC (Moonbeam)
Multichain Bridged USDC (Dogechain)Cardano
Binance-Peg Cardano
Binance-Peg BUSDBUSD
Updated on Dec 27, 2023
What is the SKALE Network (SKL)?
SKL is the ERC-777 token of the SKALE network, an Ethereum Layer-2 scaling solution that creates sidechains for building and hosting dApps and relieves congestion on the Ethereum mainnet. Developers build decentralized applications using SKALEโs elastic sidechains rather than the Ethereum blockchain. The SKALE network, as the name implies, is a solution for scaling Ethereum.
The SKALE network was founded by Jack OโHolleran and Stan Kladko in 2018. Kladko is an important contributor to the Ethereum Foundation and its research.
What Makes the SKALE (SKL) Coin Unique?
SKL powers the SKALE network, unique in its ability to reduce dApp operating costs when Ethereum GAS prices rise and the mainnet is congested. SKALE offers fast transaction speeds, increased storage capacity, and an environment where users can test new features without affecting the Ethereum mainnet.
What Is the SKALE Network Used for?
The SKALE Network is used by developers who build on SKALEโs configurable elastic sidechains. Users pay monthly subscriptions in SKALE (SKL) tokens. SKL is also used for network staking and governance and is bought, sold, and traded on major cryptocurrency exchanges as an asset.
How Does the SKALE Network (SKL) Work?
DApp and DeFi project developers configure SKALE sidechains for their requirements. Developers can choose and configure their chainโs size, consensus protocol, virtual machine, parent blockchain, and security.
The SKALE network creates a fast and cost-effective solution for dApps, which is said to allow Ethereum-built dApps to compete with conventional Web2 applications for speed and cost. SKALE Network sidechains also contribute to Ethereumโs ability to scale by relieving some of the congestion on the mainnet.
Sidechains are independent blockchains that integrate with a parent network or main chain. They use a communications peg between the parent and sidechain to ensure smart contract communication and make them interoperable. Sidechain developers can access the Ethereum mainnet. SKALE sidechains allow the batching of network transactions and execution on the sidechain before returning them to Ethereumโs blockchain for final confirmation.
SKALE (SKL) can be staked by delegating SKALE network validators or becoming a validator.
How Is the Price of SKALE Determined?
The SKL token price is influenced by supply and demand and by the use of the SKALE network. SKL was created with an initial supply of 7 billion tokens, and minting is performed via governance proposals.
The following factors influence the price of SKL:
- Supply, demand, and scarcity
- Liquidity
- SKL market sentiment
- Broader cryptocurrency market sentiment and regulation
- SKALE network sidechain performance and use
- Ethereumโs performance
- Competing cryptocurrencies and blockchain protocols
What Is the SKALE (SKL) Coin Price Prediction for 2030?
CoinCodex predicts that the SKL price could reach between $0.24 and $0.31 by 2030. Binance is less bullish on its SKL price prediction of $0.06. Itโs important to note that accurately predicting the future price of cryptocurrencies is almost impossible due to the volatility of the crypto market and other factors like cryptocurrency regulation.
How Is the SKALE Network Secured?
The SKALE Network has its governance protocol and, as an Ethereum-native multi-chain network, relies on Ethereum-based technology for its security. All the nodes supporting SKALE Chains (Web3 Ethereum compatible elastic blockchains) are securedย by Proof-of-Stake from the validator and delegator communities. Each node in the SKALE Network supplies containerized Web3 compute resources that work in parallel with other nodes.
Where Can You Buy SKALE?
SKL can be bought and sold on major cryptocurrency exchanges, including Coinbase, Binance, KuCoin, HTX, Gemini, and Bitstamp. Itโs also available on the Uniswap decentralized exchange.
How Can You Store SKALE (SKL)?
SKALE (SKL) can be stored in a compatible hot or cold wallet. The least safe storage method is to keep SKL on an exchange wallet. The safest method of storing cryptocurrency is a cold storage or hardware device such as a Ledger or Trezor.
FAQs
Is SKALE a good investment?
The SKALE network is an efficient solution for dApp developers to avoid Ethereum congestion and is developed by key players in the Ethereum ecosystem so that the answer may be yes; however, the future potential of any cryptocurrency or project cannot be guaranteed.
Does the SKALE Network have a future?
The SKALE network is a viable solution to congestion on the Ethereum blockchain. Still, its future will depend on Ethereum’s performance and its own in competition with other smart contract blockchains.
What will SKALE (SKL) be worth in 2025?
CoinCodex predicts that the SKL price could reach between $0.08 and $0.35 by 2025. CaptainAltCoinโs SKALE price prediction is $0.055. Accurately predicting the future price of cryptocurrencies is almost impossible due to high volatility and other contributing market factors.
Who is behind SKALE crypto?
The SKALE network was founded by Jack OโHolleran and Stan Kladko in 2018 and is governed by the SKALE DAO. Kladko is an important contributor to the Ethereum Foundation and its research.
Who are SKALE’s competitors?
The SKALE network competes with other blockchain projects aiming to answer blockchain speed and scalability issues, such as Avalanche, Polygon, Polkadot, and Solana.
Is SKALE an Ethereum token?
Yes, SKALE (SKL) is an Etherum ERC-777 token.
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BitcoinMezo Wrapped BTCOsmosis allBTCNEAR Intents Bridged BTCBitcoin Second ChanceBitcoin BaseBitcoin AIbatcatBobby The CatBig Tom CoinBobby The CatEthereumBridged Ether (StarkGate)Osmosis allETHNEAR Intents Bridged ETHKrown Bridged ETH (Krown)Bridged Binance-Peg Ethereum (opBNB)The Ticker Is ETHTetherCronos Bridged USDT (Cronos)opBNB Bridged USDT (opBNB)ENI Bridged USDT (ENI)Linea Bridged USDT (Linea)Injective Bridged USDT (Injective)L2 Standard Bridged USDT (Base)Scroll Bridged USDT (Scroll)KCC Bridged USDT (Kucoin Community Chain)Polygon Hermez Bridged USDT (x Layer)StarkGate Bridged USDT (StarkNet)Pulsechain Bridged USDT (Pulsechain)Morph L2 Bridged USDT (Morph L2)Abstract Bridged USDT (Abstract)Map Bridged USDT (Map)xDai Bridged USDT (Gnosis)Sophon Bridged USDT (Sophon)Krown Bridged USDT (Krown)Stargate Bridged USDTCeler Bridged USDT (Conflux)HashKey Bridged USDT (HashKey)Osmosis allUSDTWormhole Bridged USDT (Kaia)NEAR Intents Bridged USDTCoreDAO Bridged USDT (Core)Etherlink Bridged USDT (Etherlink)Sonic Gateway Bridged USDT (Sonic)Polygon Hermez Bridged USDT (Polygon zkEVM)RainLink Bridged USDT (Xone)TAC Bridged USDT (TAC)Celer Bridged USDT (Astar)Reddex Bridged USDT (Redbelly)Thundercore Bridged USDT (Thundercore)Lisk Bridged USDT (Lisk)Unit Zero Network Bridged USDT (Unit Zero Network)Symbiosis Bridged USDT (Bahamut)Mode Bridged USDT (Mode)Zircuit Bridged USDT (Zircuit)BOB Network Bridged USDT (BOB Network)Soneium Bridged USDT (Soneium)Beam Bridged USDT (Beam)ShimmerBridge Bridged USDT (ShimmerEVM)Unichain Bridged USDT (Unichain)Nova Merged USDT (zkLink)Fuse Bridged USDT (Fuse)Arken Bridged USDT (Viction)Areum Bridged USDT (Areum Network)Pundi AIFX Omnilayer Bridged USDT (Pundi AIFX Omnilayer)Ficus Root Bridged USDT (Taraxa)USDCBinance Bridged USDC (BNB Smart Chain)StarkGate Bridged USDC (Starknet)Cronos Bridged USDC (Cronos)Linea Bridged USDC (Linea)Bridged USD Coin (Scroll)zkSync Bridged USDC (zkSync)Mantle Bridged USDC (Mantle)Gnosis xDAI Bridged USDC (Gnosis)Etherlink Bridged USDC (Etherlink)CCIP Bridged USDC (Ronin)Bridged USD Coin (PulseChain)Polygon Hermez Bridged USDC (X Layer)SX Rollup Bridged USDC (SX Rollup)Initia Bridged USDC (Initia)NEAR Intents Bridged USDCLayerZero Bridged USDC (Aptos)Wanchain Bridged USDC (Cardano)Multichain Bridged USDC (Fantom)Celer Bridged USDC (Astar)Bridged USDC (Immutable zkEVM)Rainbow Bridged USDC (Aurora)Rollux Bridged USDC (Rollux)Cronos zkEVM Bridged USDC (Cronos zkEVM)Sophon Bridged USDC (Sophon)Taiko Bridged USDC (Taiko)Bridged USD Coin (Manta Pacific)KCC Bridged USDC (KuCoin Community Chain)Squid Bridged USDC (Saga)Polygon Hermez Bridged USDC (Polygon zkEVM)Morph L2 Bridged USDC (Morph L2)Celer Bridged USDC (Conflux)Eclipse Bridged USDC (Eclipse)Bifrost Bridged USDC (Bifrost)Beam Bridged USDC (Beam)Synapse Bridged USDC (Elastos)Mode Bridged USDC (Mode)CoreDAO Bridged USDC (Core)Zero Network Bridged USDC (Zero Network)Mantra Bridged USDC (Mantra)Arbitrum Bridged USDC (Arbitrum Nova)Hyperlane Bridged USDC (Mantra EVM)Nomad Bridged USDC (Moonbeam)Bridged USD Coin (Force Bridge)Skale IMA Bridged USDC (Skale)Celer Bridged USDC (Filecoin)Symbiosis Bridged USDC (Bahamut)Arbitrum Bridged USDC (EDU Chain)Wormhole Bridged USDC (Fantom)Thundercore Bridged USDC (Thundercore)zkLink Nova Merged Bridged USDC (zkLink Nova)Fraxtal Bridged USDC (Fraxtal)Shido Bridged USDC (Shido)Chainport Bridged USDC (Humanode)Superseed Bridged USDC (Superseed)Q Bridged USDC (Q Mainnet)Sanko Bridged USDC (Sanko)Energi Bridged USDC (Energi)Celer Bridged USDC (Oasys)Multichain Bridged USDC (Moonbeam)Multichain Bridged USDC (Dogechain)CardanoBinance-Peg CardanoBinance-Peg BUSDBUSD