SKALE Revolutionizes Ethereum Scaling, Surpassing 300 Million Transactions with Zero Gas Fees

SKALE Network, an Ethereum-compatible blockchain, achieved remarkable milestones in Q1 2024, including gas savings of almost $3B, over 300 million transactions, and over 30 million monthly transactions. Its gas-less AppChain model provides projects with a cost-efficient and scalable platform, fueling its growth and integration with over 70 projects across various sectors, such as gaming, AI, and messaging.

SKALE: A Gas-Less Blockchain Revolutionizing Ethereum Scaling, Surpassing 300 Million Transactions and Driving Unmatched User Growth

San Francisco, CA, United States - April 23rd, 2024 - Chainwire

SKALE, the gas-less EVM-compatible blockchain designed for secure Ethereum scaling, has achieved remarkable milestones in the first quarter of 2024, solidifying its position as a pivotal solution for blockchain scalability. With groundbreaking gas savings, unique wallet activations, and unprecedented transaction processing achievements, SKALE has catalyzed mass adoption in verticals ranging from gaming to AI.

Unleashing Gas-Less Freedom for Projects and Users

SKALE's gas-less infrastructure sets it apart from other blockchain networks by eliminating the barriers of minting fees and transaction costs. This paradigm shift has paved the way for innovative projects and applications to flourish on SKALE without the constraints imposed by traditional blockchain economies.

"We are thrilled to witness the transformative impact of SKALE Network on projects and users worldwide," said Jack O'Holleran, Co-Founder and CEO of SKALE Labs. "In March alone, SKALE saved users nearly $2 billion in gas fees, enabling seamless transaction processing with our zero-gas model."

Key Highlights from Q1 2024:

• Gas-Less AppChains: SKALE saved its users a staggering $3.1 billion in gas fees during Q1, delivering a highly efficient and scalable infrastructure. In contrast, BNB Chain and AVAX combined generated over $330 million in gas fees in March alone.
• Mainnet Advancements: Release 2.2, deployed in January, resulted in a substantial 30% increase in block mining speed on the Mainnet. Release 2.3, scheduled for February, focused on enhancing compatibility with Ethereum. SKALE also surpassed its 100 millionth block milestone.
• Millions of Daily Transactions: SKALE surpassed 300 million total transactions in January and maintains over 30 million transactions monthly, demonstrating its unparalleled transaction processing capabilities.
• Increased User Activity: The SKALE community experienced an exponential surge in activity, with over 17 million unique active wallets (UAW) added in Q1.
• New Integrations & Partnerships: SKALE collaborated with numerous projects across diverse verticals, including AI, gaming, ramps, payments, metaverse, and more.
• Network Reliability: SKALE maintained an impressive average uptime of 99.9% across its 20 SKALE chains, ensuring exceptional stability and reliability for users.
• Mass Adoption on the Horizon: "If SKALE Network is properly leveraged, mass adoption is right around the corner," added O'Holleran. "SKALE provides a unique opportunity to unlock the full potential of blockchain technology with its gas-less infrastructure."

Continued Momentum and Impact in Q2

SKALE plans to maintain its strong momentum in Q2 of 2024 with ongoing partnerships and integrations. Its gas-less infrastructure will prove invaluable for projects whose use cases demand the freedom and scalability offered by SKALE. By unlocking gas-less mechanisms across blockchains, SKALE aims to drive real-world impact in verticals such as DePin, Sports, Supply Chain, and many more.

About SKALE

SKALE is a gas-less EVM-compatible blockchain specifically designed to offer unparalleled scaling solutions for Ethereum. Its innovative AppChain model provides high performance, zero gas fees, enhanced security, and instant finality, making it the ideal platform for a wide range of decentralized applications. With over 10 million monthly active users and billions saved in monthly gas fees, SKALE empowers developers and businesses to build scalable, efficient, and user-friendly blockchain applications.

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

Contact

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