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San Francisco, CA, United States, April 23rd, 2024, Chainwire – SKALE, after exceeding 300 million total transactions in January and sustaining over 30 million transactions monthly, provides projects with a platform devoid of typical obstacles encountered on other blockchain networks, such as minting fees or gas costs.
SKALE Network, an EVM-compatible blockchain without gas requirements tailored for secure Ethereum scaling, achieved significant gas savings, unique wallet activations, and transaction processing milestones in the initial quarter of 2024. With remarkable performances, strategic alliances, and unparalleled user expansion across twenty AppChains, SKALE has established itself as a pivotal scaling solution for sectors like gaming and AI.
The progression of SKALE would not have been achievable without the participation of over 70 projects and integrations in Q1. SKALE technology was embraced by blockchain initiatives across nearly all industries and featured well-known entities like ChainGPT, TCG, Dmail, NFT Arcade, and others. SKALE’s capacity to handle millions of transactions without gas fees has facilitated its adoption by First-Person Shooter games like RageAffect, metaverse RPGs like World of Dypians, Music platforms like Hitmakr, as well as messaging and data applications.
“We are delighted to witness the expansion and acceptance of SKALE during the first quarter of 2024, and it is inspiring to observe how SKALE Network is positively impacting users and projects globally,” stated Jack O’Holleran, Co-Founder and CEO of SKALE Labs. “In March alone, SKALE saved nearly $2B in gas, enabling users to seamlessly process millions of transactions with SKALE’s zero gas fee model.”
Key Highlights from Q1 2024:
- Gas-Less Appchains: SKALE conserved \(3.1 billion in gas fees for its users in Q1, presenting a more efficient and scalable infrastructure. In contrast, BNB Chain and AVAX collectively accrued over \)330M in gas fees in March alone.
- Mainnet Advancements: SKALE effectively implemented Release 2.2 in January, leading to a notable 30% increase in block mining speed on the Mainnet. February marked the anticipation for Release 2.3, which concentrated on enhancing compatibility with Ethereum. SKALE also achieved its 100 millionth block.
- Millions of Daily Transactions: SKALE surpassed 300 million total transactions in January and maintains over 30 million transactions monthly.
- Increased User Activity: The SKALE community encountered a surge in activity, acquiring over 17 million UAW in Q1.
- New Integrations & Partnerships: SKALE elevated numerous projects in various verticals, including AI, gaming, ramps, payments, metaverse, and more.
- Network Reliability: SKALE upheld an impressive average uptime of 99.9% across its 20 SKALE chains.
“By eliminating concerns about minting fees or gas, the projects utilizing SKALE are liberated from the hindrances commonly observed on other blockchain networks,” added O’Holleran. “Mass adoption is imminent if SKALE Network is leveraged effectively.”
SKALE intends to foster ongoing partnerships and integrations in Q2 of 2024. Leveraging its gas-less infrastructure, it will collaborate with projects whose use cases are exclusive to SKALE. By unlocking gas-less mechanisms across blockchains, SKALE anticipates making a tangible impact in verticals like DePin, Sports, Supply Chain, and more.
About SKALE
SKALE, an EVM-compatible blockchain without gas requirements designed for secure Ethereum scaling, aims to deliver a top-tier experience for games, NFT platforms, and Web3 applications. As of 2024, SKALE caters to over 10 million monthly active users and saves billions in monthly gas fees through its innovative AppChain model. SKALE AppChains offer high performance, zero gas fees, enhanced security, and instant finality, making them ideal for a wide array of decentralized applications. Committed to propelling the mass adoption of Web3 technologies, SKALE empowers developers and enterprises to construct 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. Striking a balance between speed, security, and decentralization, SKALE Labs was established in 2018 by Jack O’Holleran and Stan Kladko, PhD.
For further information, users can visit SKALE.space or follow on Twitter.com/SKALENetwork.
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