SKALE Price (SKL)
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Market stats
SKALE is on the decline this week. ↘
The price of SKALE has decreased by 0.80% in the last hour and decreased by 0.34% in the past 24 hours. SKALE’s price has also fallen by 17.59% in the past week. The current price is £0.0356 per SKL with a 24-hour trading volume of £16.37M. Currently, SKALE is valued at 96.84% below its all time high of £1.13. This all-time high was the highest price paid for SKALE since its launch.
The current circulating supply of SKALE is 5,756,602,671 SKL which means that SKALE has as total market cap of 5,756,602,671.
Overall
£205.7M
£16.4M
5.8B SKL
119 days
#257
£1.13
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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.
Price change
↘ 0.8%
↘ 0.34%
↘ 17.59%
↘ 11%
↘ 38.92%
↘ 50.62%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
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.
About SKALE
SKALE (SKL) is an Ethereum token that powers the SKALE Network, which describes itself as “an Ethereum Native network with a leaderless consensus designed to run on an uncapped number of independent nodes.” Nodes on the Skale Network provide resources to multiple decentralized modular blockchains. The SKL token grants a right to participate as a network validator, stake as a delegator, or access a share of the network’s resources as a developer.
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 £205.66M. A high market cap implies that the asset is highly valued by the market.
The all-time high of SKALE is £1.13. 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 £16.37M.
Assets that have a similar market cap to SKALE include STEPN, Compound, aelf, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of SKALE is 5.8 billion.
The median time that Coinbase customers hold SKALE before selling it or sending it to another account or address is 119 days.
SKALE ranks 74 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 Price History
Date | Price | Change |
---|---|---|
Today (January 12, 2025) | £0.0356 | -0.34% |
24 hours ago (January 11, 2025) | £0.0358 | -0.34% |
1 week ago (January 5, 2025) | £0.0428 | -17.59% |
1 month ago (December 12, 2024) | £0.0564 | -38.92% |
1 year ago | £0.0696 | -50.62% |
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
SKALE Calculator
Social
Some highlights about SKALE on social media
652 unique individuals are talking about SKALE and it is ranked #521 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 3.3 out of 5. Finally, SKALE is becoming more newsworthy, with 0 news articles published about SKALE. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about SKALE. There were 49.41% of tweets with bullish sentiment compared to 23.53% of tweets with a bearish sentiment about SKALE. 27.06% of tweets were neutral about SKALE. These sentiments are based on 85 tweets.
On Reddit, SKALE was mentioned in 1 Reddit posts and there were 3 comments about SKALE. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
652 people
75 posts
0.03%
#521
3.3 out of 5
85 people
49.41%
Bullish
27.06%
Neutral
23.53%
Bearish
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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.
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.