Market cap
$29.92M
-0.27 %
Volume (24h)
$7.1M
-0.27 %
Circulating supply
5,960,602,671 SKL
Total supply
6,011,026,539 SKL
Max. supply
7,000,000,000 SKL
SKALE Network (SKL)
$ 0.00
-0.27 %
Main info
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Comments
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Key data
updated $0Market cap$29.92M
Volume 24h$7.1M
Circulating supply5.96B85% of max 7B
All-time high$1.22-100% from peak · 2021-03-11
SKALE Network (ticker: SKL) is a blockchain platform built as a network of elastic sidechains connected to Ethereum. In simple terms, it lets developers run fast, low-cost app-specific chains while still relying on Ethereum for security. SKL is the token that powers this network — used for staking, paying fees, and governance.
Frequently asked questions
What is SKALE Network and how is it different from Ethereum?
SKALE is a network of many independent blockchains (chains) that work alongside Ethereum rather than competing with it. Each decentralized app can get its own chain, which means no congestion from other projects and much lower fees. Ethereum remains the settlement layer, so SKALE extends it instead of replacing it.
How does SKALE's technology and consensus work?
SKALE chains use a consensus mechanism based on a randomized rotation of validators who sign blocks in a fast, asynchronous process. Validators must stake SKL tokens and are regularly reshuffled between chains, which keeps the network decentralized and secure. This design allows chains to confirm transactions in seconds without sacrificing safety.
How is SKL token emission structured?
SKL has a hard cap of 7,000,000,000 coins, meaning no more than that will ever exist. Tokens are distributed over time to validators, delegators, developers, and the network's supporters through staking rewards and the original allocation. The fixed cap makes the supply fully transparent from day one.
How can I store and use SKL tokens?
SKL is an ERC-20 token on Ethereum, so any wallet that supports Ethereum assets works — MetaMask, hardware wallets like Ledger, and others. You can stake SKL to validators to earn rewards and help secure the network, or use it for governance votes on the network's future. Staking is typically done through the official SKALE app or supported exchanges.