SKALE
SKL
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SKALE price
$0.007061
-- (--)
USD
Last updated on --.
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About SKALE
SKL is the native cryptocurrency of the SKALE Network, a blockchain platform designed to provide fast, secure, and gas-free transactions. SKALE focuses on scalability and privacy, making it an ideal choice for decentralized applications (dApps) and AI agents that require high performance and confidentiality. The network enables developers to create cost-efficient, user-friendly experiences without compromising speed or security. SKL is used for governance, staking, and accessing network services, helping to maintain and grow the ecosystem. With its emphasis on privacy and scalability, SKALE aims to support the next generation of blockchain-powered applications.
AI insights
SKALE’s recent prices
Past year
-68.36%
$0.02
3 months
-32.24%
$0.01
30 days
+8.26%
$0.01
7 days
+14.05%
$0.01
SKALE performance
$0.007061
SKALE price today
SKALE price today is $0.007061, marking a +0.98% over the past 24 hours. On OKX, today’s SKALE trading volume reached 8,935,521,456, worth over $63.09M.
$1.075
SKALE all-time high
SKALE achieved its all-time high price of $1.075 on Mar 30, 2021, (UTC+8). At today's price of $0.007061, SKALE price is now -99.35% lower than its historic high.
$0.007061
SKALE in USD
The current SKALE to USD conversion rate is $0.007061 per SKALE.
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Learn more about SKALE (SKL)
What's SKALE?
SKALE is a blockchain network designed to enhance the scalability of Ethereum by providing a high-performance sidechain solution. It aims to solve congestion issues and high transaction costs on Ethereum by offering faster and cheaper transactions. SKALE is primarily used for deploying decentralized applications (dApps) that require high throughput and low latency, making it suitable for gaming, DeFi, and other demanding applications.
How does SKALE work?
SKALE operates as a layer-2 solution for Ethereum, utilizing a network of elastic sidechains that can be customized for specific dApps. It employs a proof-of-stake consensus mechanism, where validators secure the network by staking SKALE tokens. Notable features include scalability, interoperability with Ethereum, and the ability to run smart contracts efficiently. SKALE's architecture allows developers to create decentralized applications with enhanced performance.
What's the total supply of SKALE?
SKALE has a total supply of 7 billion tokens. The circulating supply varies as tokens are released over time through staking rewards and ecosystem incentives. SKALE's tokenomics include inflationary mechanisms to reward validators and support network growth. There are no burning mechanisms, focusing instead on incentivizing network participation and security.
What determines SKALE's price?
The price of SKALE is influenced by its utility in scaling Ethereum, demand for its sidechain solutions, and overall network usage. Market sentiment, including investor interest in layer-2 solutions, also plays a role. Regulatory developments affecting blockchain technology and competition from other scaling solutions can impact SKALE's price. Availability and adoption in various jurisdictions may further affect its market dynamics.
Pros and cons of SKALE
- Pros: Enhances Ethereum scalability, reduces transaction costs, supports high-performance dApps, interoperable with Ethereum.
- Cons: Dependent on Ethereum's ecosystem, competition from other layer-2 solutions, regulatory challenges, potential security risks in sidechain operations.
How do I store my SKALE?
Users can acquire SKALE tokens through exchanges like OKX, where they can trade or stake them for network participation. SKALE can be stored in compatible wallets, ensuring private keys are secure to prevent unauthorized access. Users should be cautious of phishing attempts. SKALE's availability may vary by jurisdiction, so users should verify local regulations before engaging with the token.
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. Kickstart your journey on the OKX mobile app, or right here on the web.
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.
SKALE on OKX Learn
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SKALE FAQ
SKALE can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. SKALE’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying SKALE and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy SKALE at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy SKALE SKL safely on a trusted exchange like OKX.
Currently, one SKALE is worth $0.007061. 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.
To read this SKALE price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, SKALE’s price is updated in real-time on our SKALE price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping SKALE SKL. Refer here for a more detailed guide.
Staking and earning rewards with SKALE are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.
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.
Easily buy SKL tokens on the OKX cryptocurrency platform. OKX's spot trading terminal includes the SKL/USDT trading pair.
You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for SKL with zero fees and no price slippage by using OKX Convert.
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.
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
$43.37M #163
Circulating supply
6.09B / 7B
All-time high
$1.075
24h volume
$63.09M
Rating
3.2 / 5
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