SKALE Saves Users Over $2 Billion in Gas Fees and Tops 1.5 Million Wallets, Solidifying its Position as a Dominant Player in the Blockchain Space
SKALE, the world’s fastest blockchain, has achieved significant growth, placing it among the top 10 blockchains in terms of daily transaction volume and daily active users. The achievement comes as SKALE surpasses $2 billion USD in gas fee savings for its users, cementing its position ahead of other popular blockchains like Polygon, Avalanche, and Arbitrum.
SKALE’s success can be attributed to its commitment to democratizing access to decentralized applications (dApps), offering seamless onboarding and zero-cost transactions for users. This approach has led to a remarkable increase in monthly active wallets, with a growth rate of over 1,800% in the last six months. Additionally, on-chain transactions have surged by more than 295% over the same period.
One of the key challenges facing blockchain adoption has been high gas fees, which have limited the practicality and broader usage of the technology. SKALE addresses this issue by providing zero-cost transactions for end users and a predictable cost model for dApp developers. This innovation has been instrumental in SKALE’s rapid growth and widespread adoption.
SKALE’s Co-Founder and CEO, Jack O’Holleran, expressed excitement over achieving the milestone of $2 billion USD in gas fee savings. He emphasized SKALE’s commitment to making blockchain technology more accessible and cost-effective for all. With a growing community and innovative solutions, SKALE aims to shape the future of decentralized applications.
In addition to gas fee savings, SKALE’s adoption is evidenced by its presence in the gaming industry. According to DappRadar, five of SKALE’s games rank among the top 25 blockchain games in terms of usage. Furthermore, SKALE is home to Exorde, the most successful AI app running on the blockchain.
Looking ahead, SKALE has more than 55 high-performance gaming, AI, and web3 social dApps scheduled to launch this year. The platform’s speed, affordability, and advanced features position SKALE as a dominant player in the blockchain market.
About SKALE:
SKALE is the world’s fastest blockchain designed for fast, secure, user-centric Ethereum scaling. Its chains offer zero gas fees to end users and provide advanced features such as on-chain file storage, interchain messaging, zero-cost minting, ML/AI smart contracts, and enhanced security. SKALE enables developers to deploy their own EVM blockchain within minutes without compromising speed, security, or decentralization.
In conclusion, SKALE’s rapid growth and achievement of $2 billion USD in gas fee savings underscore its position as a top player in the blockchain space. With its focus on user accessibility and cost-effectiveness, SKALE is well-positioned to shape the future of decentralized applications and continue its upward trajectory in the market.
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Source: SKALE
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