August 7, 2023
A Milestone in Ethereum Scaling: SKALE Has Saved Users $1.5 Billion On Gas Fees
The SKALE community has much to celebrate, as the network recently surpassed a remarkable milestone: $1.5 Billion USD saved in gas fees! This achievement reflects SKALE's impact on the industry and showcases its commitment to delivering a scalable and cost-effective solution for the blockchain community.
"We are thrilled to surpass the $1.5 billion USD milestone in gas fees saved," said Jack O’Holleran, Co-Founder & CEO of SKALE. "This remarkable accomplishment is a testament to the hard work and dedication of the SKALE DAO, as well as the unwavering support of our community. SKALE remains committed to pushing the adoption of blockchain and enabling the creation of impactful decentralized applications, all with zero gas fees."
Gas fees have been a longstanding challenge, impeding mass adoption with bad user experience and hampering the seamless execution of transactions. SKALE's innovative architecture solves this problem by providing gas-free transactions with a set-up similar to the AWS subscription model. The SKALE model has resulted in substantial cost savings for the entire ecosystem and is built to scale as more users are onboarded. No other blockchain network currently deploys this long-term, forward-looking business model with zero gas fees, while maintaining robust security and decentralization
In addition to over $1.5 Billion USD saved on gas fees, SKALE has also processed over 100 million transactions since June 2022 and boasts over 100,000 active users in the past 30 days. See more statistics about SKALE on the stats page.
SKALE is the world's fastest blockchain, designed for fast, secure, user-centric Ethereum scaling. SKALE chains offer zero gas fees to end-users and have advanced features such as on-chain file storage, interchain messaging, zero-cost minting, ML/AI smart contracts, and enhanced security features.
The SKALE network enables developers to deploy their own EVM blockchain in minutes without sacrificing speed, security, or decentralization. Welcome to the SKALEverse.