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SKALE

SKALE priceSKL

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Quote currency:
USD
SKL
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USD
1 SKL = 0.09524 USD
Last updated 2024-04-19 13:14:15(UTC-0)

SKALE price live data summary

The live price of SKALE is $0.09524 per (SKL / USD) today with a current market cap of $508.50M USD. The 24-hour trading volume is $46.27M USD. SKL to USD price is updated in real time. SKALE is +4.52% in the last 24 hours. It has a circulating supply of 5,339,102,700 .

What is the highest price of SKL?

SKL has an all-time high (ATH) of $1.22, recorded on 2021-03-12.

What is the lowest price of SKL?

SKL has an all-time low (ATL) of $0.01954, recorded on 2023-10-19.

SKALE price prediction

Set your prediction

When is a good time to buy SKL? Should I buy or sell now?

When deciding whether to buy or sell SKL, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget SKL technical analysis can provide you with a reference for trading.
According to the SKL 4h technical analysis, the trading signal is Neutral.
According to the SKL 1d technical analysis, the trading signal is Sell.
According to the SKL 1w technical analysis, the trading signal is Buy.
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SKALE price performance in USD

24h7d30d90d1yAll-time
+4.52%-13.62%-6.24%+27.70%+119.60%+218.37%

SKALE price history in USD

TimeLowHigh
24h$0.08311$0.09696
7d$0.07795$0.1042
30d$0.07795$0.1348
90d$0.06319$0.1348
1y$0.01954$0.1348
All-time$0.01954(2023-10-19, 183 days ago )$1.22(2021-03-12, 3 years ago )

SKALE market information

Market cap
$508,504,382.4
+4.52%
Fully diluted market cap
$666,690,808.57
+4.52%
Volume (24h)
$46,265,519.4
+3.82%
Market rankings
Circulation rate
+98.00%
24h volume / market cap
0.0909
Circulating supply
5,339,102,700 SKL
Total supply / Max supply
5.45B SKL
-- SKL
ICO price
$0.03000 ICO details

SKALE ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

About SKALE(SKL)

What Is SKALE?

SKALE is a Layer-2 scaling solution, integrated into Ethereum, designed to address the critical issue of network congestion in blockchain networks. Launched in 2018 by the N.O.D.E. Foundation, SKALE acts as an open-source platform enabling high-throughput, low-latency, and cost-effective environments for the development of decentralized applications (dApps). It employs Elastic Sidechains to allow developers to create dApps not directly on the Ethereum mainnet but on SKALE sidechains, which are powered by the SKALE token, SKL. This innovative approach allows users to configure specific sidechains and establish an environment conducive to dApp creation, offering a solution to the high volume of developers utilizing a network for dApp development.

SKALE’s uniqueness stems from its ability to reduce operational costs surrounding dApps and alleviate network congestion on Ethereum. It provides fast transaction throughput and accelerates the verification process compared to native operations on Ethereum. The network’s architecture supports an expanding array of dApp-specific chains, making it a versatile and high-performance blockchain solution for running Ethereum-compatible smart contracts.

Resources

Whitepaper: https://skale.space/whitepaper

Official Website: https://skale.space/

How Does SKALE Work?

SKALE operates by deploying Elastic Sidechains, which are highly configurable blockchains allowing users to select their chain’s size, consensus protocol, virtual machine, parent blockchain, and additional security measures. These sidechains operate as independent blockchains integrated with their parent network or main chain, maintaining interoperability through a two-way communications peg, thus enabling smart contract communication between the sidechains and the Ethereum mainnet. This mechanism significantly improves the speed and scalability of the main network, allowing Ethereum-built dApps to compete with Web2 applications in terms of cost and throughput.

The SKALE Network utilizes a network of decentralized nodes, subdivided into Node Cores and subnodes, to facilitate transactional activity on the network. The SKALE Manager is central to this architecture, acting as the gateway to all other smart contracts in the ecosystem and automatically assigning virtualized subnodes to help users determine their budget and resource requirements. This elastic capacity mechanism allows each SKALE Node to run multiple sidechains simultaneously, offering developers a quick provision of highly configurable blockchains without compromising security, storage, or computational power.

What Is SKL Token?

SKL is the native utility token of the SKALE Network, playing a pivotal role in network operations. It is an ERC-777 token, maintaining backward compatibility with ERC-20 platforms. SKL token holders or delegators stake their tokens to validators who operate the SKALE Network by verifying blocks, executing smart contracts, and securing the network. Validators, in turn, receive SKL crypto rewards for their efforts. Developers use SKL tokens to pay for Elastic Sidechain subscriptions, and both delegators and validators receive SKL crypto rewards derived from the subscription fees paid by developers and the inflation of tokens into the network. SKL also facilitates on-chain voting, controlling all economic parameters on the SKALE Network.

SKALE's Impact on Finance

SKALE’s impact on finance is profound, as it provides a scalable, efficient, and cost-effective solution for developing decentralized applications on the Ethereum network. By alleviating congestion and reducing operational costs of dApps, SKALE promotes the development of more sophisticated and user-friendly decentralized financial (DeFi) applications, fostering innovation and growth in the financial sector. The network’s high throughput and fast transaction processing capabilities enable real-time, secure, and seamless financial transactions, making it a preferred choice for developers aiming to create advanced financial solutions on the blockchain. SKALE’s contribution to enhancing the scalability and functionality of Ethereum-based dApps is pivotal in the evolution of decentralized finance, paving the way for a more inclusive and decentralized financial ecosystem.

What Determines SKALE's Price?

The price of SKALE (SKL) token, like other cryptocurrencies, is influenced by a myriad of factors, reflecting the dynamics of the cryptocurrency market. Cryptocurrency price predictions are often speculative, given the inherent crypto market volatility, but they can be shaped by trends, cryptocurrency news, and market analysis. The value of SKL is closely tied to the demand and supply dynamics within its ecosystem, developments in the SKALE network, and broader cryptocurrency market trends. Cryptocurrency enthusiasts and experts often scrutinize cryptocurrency charts and conduct extensive cryptocurrency analysis to gauge the potential price movement of tokens like SKL, considering factors like cryptocurrency adoption, technological advancements, and market sentiment in their evaluations.

In the quest to determine the potential cryptocurrency price in the future, especially for tokens like SKL, many turn to cryptocurrency events, discussions with cryptocurrency influencers, and insights from cryptocurrency experts to understand the prevailing cryptocurrency trends and make informed predictions for 2023 and beyond. Cryptocurrency trading strategies, crypto portfolio management, and an understanding of cryptocurrency risks and regulation are crucial for both beginners and seasoned investors looking to buy cryptocurrency on leading exchanges such as Bitget. The ongoing developments in the SKALE network, its contribution to the blockchain ecosystem, and its adoption by developers and users will play a significant role in shaping the SKL price trajectory, making it a point of interest for those exploring the best crypto investment for 2023.

Trade SKL perpetual futures

After having successfully signed up on Bitget and purchased USDT or SKL tokens, you can start trading derivatives, including SKL futures and margin trading to increase your income.

The current price of SKL is $0.09524, with a 24h price change of +4.52%. Traders can profit by either going long or short onSKL futures.

Join SKL copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or SKL tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of SKALE.

What is the current price of SKALE?

We update our SKALE to USD price in real time. Get the live Price of SKALE on Bitget.

What is the 24 hour trading volume of SKALE?

Over the last 24 hours, the trading volume of SKALE is $46.27M.

What is the all-time high of SKALE?

The all-time high of SKALE is $1.22. This all-time high is highest price for SKALE since it was launched.

Can I buy SKALE on Bitget?

Yes, SKALE is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

Can I get a steady income from investing in SKALE?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy SKALE with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Is SKALE (SKL) a good investment?

One of the key reasons SKALE presents an appealing investment opportunity is its pivotal role in enhancing the scalability and security of Ethereum-based applications. As the utilization of decentralized applications and smart contracts continues to grow among businesses and developers, the demand for advanced infrastructure, exemplified by SKALE, becomes increasingly evident. SKALE introduces a compelling incentive structure for active network participation. Token holders are incentivized to serve as validators, thereby enhancing the platform's security and scalability. These incentivized contributions have the potential to drive heightened demand for SKL tokens, ultimately influencing their market price. Also, SKALE has the capacity to significantly accelerate the verification speed of Ethereum transactions, potentially rendering the network more appealing to a broader user base. This increased user interest can, in turn, have a positive impact on the SKL token's valuation.

What is SKL token price prediction?

Several critical factors have the potential to exert a positive influence on SKALE's price projection, including the distinctive project attributes, its versatile applications, and its prospective growth prospects. For instance, SKALE's capacity to enhance the scalability and security of Ethereum-driven applications has the potential to bolster demand for SKL tokens, consequently elevating their market value. Furthermore, SKALE's remarkable capability to execute Solidity Smart Contracts at a significantly accelerated pace may enhance its appeal to developers and enterprises. This heightened attractiveness within the broader blockchain community can contribute positively to the SKL token's valuation.

What is the use case of SKL token?

SKALE (SKL) serves a variety of key functions within its ecosystem: Validation, Execution, and Security: SKL token holders, known as delegators, utilize their SKL tokens to stake on validators responsible for operating network nodes. These validators perform critical tasks such as block validation, smart contract execution, and network security. Developer Subscription Fees: Developers acquire access to SKALE chains (S chains) by utilizing SKL tokens to pay for their subscription fees. Rewards for Validators and Delegators: Monthly rewards are distributed to validators and delegators, derived from developer chain fees and the monthly token inflation introduced into the network. Governance and Voting: SKL tokens will soon facilitate on-chain voting processes, enabling control over all economic parameters governing the SKALE network. Trade or HODL: You have the option to trade SKALE cryptocurrency against various other cryptocurrencies on the Bitget Spot Market or supported platforms, allowing you to potentially profit from changing market dynamics. Whether you choose to buy, sell, or hold SKL tokens for the long term depends on your belief in the future prospects of the SKALE project. Prior to engaging in any new crypto trade, it's advisable to conduct thorough research (DYOR).

What wallets can I use to store SKL tokens?

SKALE (SKL), being an ERC-20 token, is compatible with a wide range of wallets that support ERC-20 tokens. This encompasses popular wallet options such as MetaMask, Trust Wallet, and Ledger hardware wallets. These wallets empower you to securely store and oversee your SKL tokens while ensuring you retain full control over your private keys, thereby enhancing security measures. To incorporate SKALE (SKL) into your MetaMask wallet, you can manually import it by copying the SKL contract address (0x00c83aecc790e8a4453e5dd3b0b4b3680501a7a7). Once successfully added to MetaMask, you gain visibility into your SKL token holdings and can engage in trading activities on decentralized exchanges.

How to stake SKL on SKALE network

SKL token holders (delegators) stake their SKL tokens to validators who operate nodes that support the SKALE network. These validators are responsible for processing transactions and providing security for the network. The delegators and validators receive rewards through SKL tokens to recognize their roles. The staking rewards vary depending on the amount of SKL tokens staked, the duration for which the tokens are staked, and the validator's relative contribution to network security and performance. The more tokens are staked and the longer they are held, the higher the potential rewards. It is important to note that staking SKL involves risks.

What is SKALE tokenomics?

The total supply of SKL tokens at the launch of the SKALE Network was 4.1 billion. The maximum supply is set at 7 billion tokens. The SKL token distribution is given below: 1. One-third (33%) was provided for the rewards of the validators, 2. 28.1% for the delegators, 3. 16% for the broader founding team, 4. 10% for the SKALE Foundation, 5. 7.7% for the protocol development fund, 6. 4% for the core team pool, and 7. 1.3% for the ecosystem fund.
Cryptocurrency investments, including buying SKALE online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy SKALE, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your SKALE purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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SKL is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support SKL trades.
You can trade SKL on Bitget.

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