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SKALE

SKALE Labs ($SKALE) is a blockchain scalability platform that provides high speed consensus and empowers dApps to run smart contracts. It is a containerized network capable of running an unlimited number of secure, decentralized, high-performance blockchains that are native to Ethereum.

Quick Facts

SKALE is a Layer 2 blockchain
SKALE utilizes an Elastic Sidechain to scale Ethereum’s Execution Layer, powered by a proprietary consensus process
SKALE is an Ethereum scaling solution; it has a theoretical limit of around 20,000 Transactions Per Second (TPS)
SKALE operates via staked subscriptions in lieu of transaction fees, put up by a developer, protocol, consortium, or other entity that wishes to operate a chain. These fees are used each month to pay the validators and delegators that support the network. This subscription model offers a flat cost for as many transactions that a given sized chain or chains can support. If activity increases, the size or number of chains “rented” can be increased as needed. This results in zero to near-zero gas fees
SKALE’s White Paper 📄

Technical Specifications

(as of 4/28/22)

Performance Data

Metric	Value
Active Transactions Per Second (TPS)	Submit data
Max Theoretical TPS	20,000 TPS
Average Cost Per Transaction (CPT)	Zero to near zero
Block Height	14,673,846
Environmental Impact	Submit data
Bridges	. Skale IMA Bridge

Github Activity

Metric	Value
Repository Name	skale-network
Stars	98
Watchers	14
Forks	22
Contributors	7
Merged Pull Requests	110
Closed vs Total Issues	2 out of 5

Financial Ecosystem

(as of 4/28/22)

Metric	Value
SKALE Price	$0.1939
Market Cap	$673.36M
Ecosystem Ranking by Market Cap	#99
Token Trading Volume – 24hr	$96.44M
Total Value Locked (TVL)	Submit data
Liquidity	$3.67M
Number of Active Addresses (24hr)	233
Number of Unique Addresses	18,015
Circulating Supply	3,473,102,671 SKL
Total Supply	4,276,664,349 SKL
Node Count	92 active nodes
Inflation Rate	35%