SKALE is a modular layer-1 network built to enhance the Ethereum ecosystem by providing a network of high-throughput, low-latency, and zero gas fee blockchains known as SKALE Chains. These chains are EVM-compatible and designed to scale decentralized applications (dApps) efficiently. The SKL token serves as the utility token for the network, used for staking by validators who secure the network and earn rewards, for developers to pay for the subscription-based rental of SKALE Chains, and for governance, allowing staked token holders to participate in decisions that shape the network’s future.
What is Skale (SKL)?
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