SKL (SKALE) rose 24.87% in the last 24 hours.

Gate News Bot news, on August 13, according to CoinMarketCap data, as of the time of writing, SKL (SKALE) is currently priced at 0.03 USD, with a rise of 24.87% in the last 24 hours, reaching a high of 0.03 USD and a low of 0.02 USD. The current market capitalization is approximately 152 million USD, an increase of 30.2 million USD compared to yesterday.

SKALE is a fast, gasless blockchain network optimized for high-throughput use cases such as gaming, AI, and DeFi. As a decentralized open-source platform, SKALE combines speed, scalability, and security, making it an ideal network for building the next generation of blockchain applications.

Important recent news about SKL:

1️⃣ SKALE network technology upgrade drives price pump The SKALE network recently underwent an important technical upgrade, further enhancing its advantages of high throughput and low cost. This upgrade strengthens SKALE's competitiveness in the gaming, AI, and DeFi application fields, attracting more attention from developers and users, and is one of the main factors driving the rise in the price of SKL token.

2️⃣ Ecosystem expansion drives demand rise The SKALE ecosystem has recently shown a rapid expansion trend, with multiple new blockchain projects choosing to build and deploy on the SKALE network. This growth of the ecosystem directly enhances the demand for the SKL token, providing strong support for its price.

3️⃣ Positive expectations for Layer 2 solutions in the market With the Ethereum network continuing to face scalability pressures, market attention towards Layer 2 scaling solutions is steadily increasing. SKALE, as a mature Layer 2 network, benefits from its unique technical advantages and the continuously rising application scenarios, which have propelled the market performance of the SKL token.

From a technical perspective, SKL has broken through a significant resistance level recently and is currently showing a strong upward trend. However, investors still need to closely monitor the overall cryptocurrency market trends, as this sector still has high volatility.

This message is not intended as investment advice, and investors should be aware of market volatility risks.