**SKL: Ethereum's Elastic Scaling Solution**
SKL is the native token of **Skale Network**, an Ethereum-compatible multichain platform designed for high-speed, zero-gas-fee dApps. It enables developers to deploy scalable, modular "elastic sidechains" for gaming, DeFi, and Web3.
**Token Mechanics:**
- **Staking:** Validators and delegators stake SKL to secure chains and earn rewards (~9% APY).
- **Chain Subscription:** dApp developers pay fees in SKL to access Skale’s resources.
**Price Snapshot (CoinGecko):**
- **All-Time Low:** $0.0007 (Oct 2020)
- **All-Time High:** $1.22 (Mar 2021)
- **Current:** ~$0.06 (July 2024)
- **Near-Term Target:** $0.10–$0.12 (driven by V2 upgrade & Ethereum ETF spillover demand)
**Catalysts & Risks:**
V2’s "App-specific chains" could boost adoption, but competition from Polygon, Arbitrum, and Optimism remains fierce. SKL’s success hinges on Ethereum’s scaling narrative and dApp migration.
