SKALE Network Unleashes Unprecedented Scalability and Cost Reductions for Blockchain Ventures

SKALE, an Ethereum-scaling blockchain, achieved significant milestones in Q1 2024, surpassing 300 million transactions and maintaining over 30 million monthly transactions. SKALE's gasless EVM-compatible platform offers projects freedom from minting fees and gas costs, leading to cost savings of $3.1 billion in gas fees for users in Q1 alone. With over 70 integrations and partnerships, SKALE has established itself as a key solution for gaming, AI, and various other sectors, fostering user growth and mass adoption potential.

SKALE Network Powers Unprecedented Scalability and Cost Savings for Blockchain Projects

San Francisco, CA, United States, April 23rd, 2024 - SKALE Network, the leading gas-less EVM-compatible blockchain designed for secure Ethereum scaling, has achieved remarkable milestones during the first quarter of 2024. These accomplishments include groundbreaking gas savings, unparalleled transaction processing capabilities, and strategic partnerships that have solidified SKALE's position as a key scaling solution for diverse industry verticals.

Gas-less Innovation Drives Mass Adoption

SKALE's gas-less model has emerged as a transformative force in the blockchain industry, liberating projects from the constraints of minting fees and gas costs that often hinder scalability and user adoption. This innovative approach has paved the way for millions of transactions to be processed seamlessly, empowering projects to unlock the full potential of blockchain technology without financial barriers.

Exceptional Performance and Growth

Throughout Q1 2024, SKALE Network processed over 300 million transactions, reinforcing its position as a highly efficient and scalable blockchain platform. The network has consistently maintained a monthly transaction volume of over 30 million, demonstrating its ability to handle high-throughput applications and user demands.

Strategic Partnerships and Project Integrations

SKALE's impressive growth and adoption have been driven by strategic partnerships and integrations with over 70 projects across various sectors. Notable collaborations include ChainGPT, TCG, Dmail, and NFT Arcade, among others. These partnerships have extended SKALE's reach into gaming, AI, messaging, and data applications, further solidifying its position as a versatile scaling solution.

Key Achievements and Innovations

In March alone, SKALE saved users nearly $2B in gas fees, highlighting the significant cost savings its gas-less model offers. The network also successfully deployed Release 2.2 in January, resulting in a significant 30% increase in block mining speed on the Mainnet. Release 2.3, scheduled for February, focuses on improving compatibility with Ethereum and further enhancing SKALE's capabilities.

Network Reliability and Uptime

SKALE's 20 AppChains have consistently maintained an impressive average uptime of 99.9%, ensuring reliable and uninterrupted service for its users. This high availability and performance guarantee make SKALE an ideal platform for mission-critical applications and services that demand constant connectivity and responsiveness.

Empowering Developers and Businesses

SKALE Network provides a unique combination of speed, security, and decentralization, empowering developers and businesses to build scalable, efficient, and user-centric blockchain applications. On the SKALE network, developers can deploy their own EVM-compatible blockchain by unlocking advanced features such as AI/ML smart contracts, on-chain file storage, interchain messaging, and zero-cost minting.

About SKALE

SKALE is a gas-less EVM-compatible blockchain designed for secure Ethereum scaling. As of 2024, SKALE serves over 10 million monthly active users and saves billions in monthly gas fees with its innovative AppChain model. SKALE AppChains feature high performance, zero gas fees, enhanced security, and instant finality, making them ideal for a wide range of decentralized applications.

With a commitment to driving the mass adoption of Web3 technologies, SKALE empowers developers and businesses to build scalable, efficient, and user-centric blockchain applications. SKALE Labs was founded in 2018 by Jack O'Holleran and Stan Kladko, PhD, and is dedicated to harmonizing speed, security, and decentralization in the blockchain ecosystem.

For more information, users can visit SKALE.space or follow on Twitter.com/SKALENetwork.

Contact

Account Director
Kyle Heise
Serotoninkyle@serotonin.co

Original source: Chainwire