SKALE is a decentralized Ethereum-compatible Layer-2 network designed to improve scalability for decentralized applications. By creating elastic sidechains, SKALE allows developers to deploy high-speed, low-cost dApps without compromising security or decentralization. 

The SKL token powers the ecosystem, enabling staking, governance, and transaction fees.

SKALE was co-founded by Jack O’Holleran and Stan Kladko in 2018. The project was developed to address Ethereum’s scalability issues and provide developers with a platform to build and deploy scalable dApps efficiently.

•Layer-2 scalability: Increases Ethereum’s transaction throughput and reduces costs for dApps.

•Elastic sidechains: Allows developers to create customizable, decentralized sidechains for specific use cases.

•Staking: SKL token holders can stake tokens to secure the network and earn rewards.

•Governance: Token holders can participate in decision-making for protocol upgrades and changes.

SKALE is recognized as a leading Layer-2 solution for Ethereum, addressing critical issues like scalability and transaction costs. Ranked among the top 200 cryptocurrencies by market cap, SKL has gained traction among developers and users. Analysts predict strong growth as Ethereum’s ecosystem continues to expand.

The current price of SKL, as of 30 January 2025, is ₹5.45. You can buy SKL from crypto exchanges like CoinSwitch.

•Staking: Stake SKL tokens to secure the network and earn staking rewards.

•Governance: Participate in the protocol’s governance by voting on key decisions.

•Transaction fees: Use SKL tokens to pay for transactions and deploy dApps on SKALE sidechains.

•Trading: Buy and sell SKL tokens on platforms like CoinSwitch for potential gains.

•Enhances Ethereum’s scalability, reducing costs and improving speed.

•It supports a wide range of apps with customizable sidechains.

•Offers staking and governance opportunities for SKL holders.

•Faces competition from other Layer-2 solutions like Polygon and Arbitrum.

•Adoption depends on Ethereum’s overall ecosystem growth.

•Market volatility, as SKL is closely tied to Ethereum’s performance.

•Start investing in SKL with just ₹100.

•CoinSwitch provides a seamless and intuitive trading experience for all users.

•Easily manage your transactions and portfolios on the app.

SKALE (SKL) is the native token of the SKALE Network, an Ethereum-compatible elastic blockchain network designed to scale decentralized applications. The total supply of SKL tokens is 7 billion, distributed among validators, delegators, the SKALE Foundation, core team members, and ecosystem incentives. SKL tokens are used for staking by validators and delegators, securing the network, and participating in governance decisions, fostering a scalable and decentralized infrastructure for Ethereum-based applications.