SKALE Network Achieves Groundbreaking Gas Savings and Transaction Milestones in Q1 2024

SKALE Network Achieves Groundbreaking Milestones in Q1 2024, Saving Users Billions in Gas Fees

San Francisco, CA, United States, April 23rd, 2024 – SKALE, a gas-less EVM-compatible blockchain network, has made significant strides in the first quarter of 2024, surpassing 300 million total transactions in January and maintaining over 30 million transactions monthly. The platform offers projects a seamless experience free from traditional blockchain impediments like minting fees and gas costs.

During Q1 2024, SKALE Network achieved remarkable gas savings, unique wallet activations, and transaction processing milestones. With over 70 projects and integrations in various sectors, SKALE has solidified its position as a key scaling solution for industries such as gaming and AI. Prominent projects like ChainGPT, TCG, Dmail, and NFT Arcade have adopted SKALE technology, enabling millions of transactions with zero gas fees.

Jack O’Holleran, Co-Founder and CEO of SKALE Labs, expressed excitement about the platform’s growth and impact on users worldwide. In March alone, SKALE saved nearly $2 billion in gas fees, showcasing the network’s efficiency and scalability.

Key Highlights from Q1 2024 include:
– Gas-Less Appchains: SKALE saved users $3.1 billion in gas fees, outperforming BNB Chain and AVAX combined.
– Mainnet Advancements: Release 2.2 increased block mining speed by 30%, with SKALE passing its 100 millionth block.
– Millions of Daily Transactions: SKALE surpassed 300 million total transactions and maintains over 30 million monthly.
– Increased User Activity: The SKALE community added over 17 million unique active wallets in Q1.
– New Integrations & Partnerships: SKALE collaborated with projects in AI, gaming, payments, and more.
– Network Reliability: SKALE maintained an impressive 99.9% uptime across its 20 chains.

Looking ahead to Q2 2024, SKALE plans to continue expanding partnerships and integrations, leveraging its gas-less infrastructure to drive mass adoption. By unlocking gas-less mechanisms, SKALE aims to impact verticals like DePin, Sports, and Supply Chain.

SKALE, founded in 2018 by Jack O’Holleran and Stan Kladko, PhD, is committed to empowering developers and businesses to build scalable and user-centric blockchain applications. With a focus on driving Web3 technologies, SKALE offers high performance, zero gas fees, enhanced security, and instant finality on its AppChains.

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

Contact:
Account Director
Kyle Heise
Serotonin
[email protected]