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December 5, 2024

SKALE Ecosystem Recap - November 2024

SKALE Network

November was an epic month for SKALE! The ecosystem hit a remarkable $9 billion in gas fee savings, reinforcing its mission to make Web3 accessible and affordable for everyone. SKL expanded its global presence with a listing on Korea’s top exchange, Bithumb, while the launch of SKALE’s new onboarding page made it easier than ever for non-native users to join the ecosystem. To top it off, a 4.5M SKL incentive campaign on SushiSwap brought new opportunities for liquidity providers, driving engagement and activity across the network.

Read on to explore everything from November on SKALE!

🔍 Quick Highlights

  • Bithumb Listing - SKL was listed on Korea’s #1 Digital Asset Exchange, Bithumb
  • SKALE Onboarding Page - the newly launched onboarding page positions SKALE to be easily accessible by non-native users 
  • SushiSwap Incentive Campaign - 4.5M SKL tokens are being allocated to LP Rewards on SushiSwap
  • $9 Bilion in Gas Fee Savings - SKALE has surpassed another milestone, saving users over $9 billion on gas fees

🏅 November Milestones

564k Daily Average UAW

SKALE continues to be one of the most actively used blockchains in the world, maintaining an average of over 500k daily UAW for the second consecutive month, according to Dappradar

Surpassed $9B Saved on Gas Fees

The SKALE ecosystem has surpassed $9 Billion saved in gas fees for users, more than any other blockchain network! 

🇰🇷 SKL Listed on Bithumb

SKL has been listed on Bithumb, the #1 digital asset exchange in Korea! The exchange ran a campaign, distributing 2.5M SKL as rewards to eligible participants.

🌐 The Guide to Getting Started on SKALE

The new Getting Started on SKALE site is now live! On this guide, you can learn to easily set up a wallet, connect to SKALE Chains, claim sFUEL for free transactions, bridge to SKALE, and explore the ecosystem.

🍣 SKL Rewards Live on SushiSwap

Boosted SKL liquidity pool rewards are now live on SushiSwap! A total of 4.5 million SKL tokens will be distributed to liquidity providers over the next several months. Bridge to SKALE's Europa Hub and deposit to one of the actively boosted pools to earn your share of rewards, all with zero gas fees! Deposit single-sided liquidity via Ichi to one of the participating pools below to start earning!

🌊 SKALE Swell

Last month, Swells dedicated users earned a total of $5,000 in rewards just by participating in quests.  Dive into the new fall quests for your chance to win part of this months prize pool.

🚀 dApp of the Month

Exorde, an AI-powered decentralized data-sharing platform leveraging blockchain to analyze and aggregate global information, has been named SKALE’s DApp of the Month! With 12.46k unique active wallets (UAW), representing a 15.81% increase, and a staggering 22.78 million transactions—a 69.86% surge—Exorde is driving engagement and showcasing the power of SKALE’s zero-gas architecture. This consistent activity underscores why SKALE is the best blockchain for AI applications, offering the scalability, speed, and cost-efficiency needed to handle high transaction volumes and power cutting-edge innovation.

💪 Built Different - Episode 4

Rollups are the hot topic as of recently, but are they really the future of EVM scaling? In Episode 4 of Built Different, SKALE Labs Co-Founder/CTO Stan Kladko dives into the advantages that SKALE has over rollups.

🔊 SKALE Events

SKALE made a huge splash at Devon 2024 in Bangkok, Thailand. Mass adoption was the theme throughout the event, with SKALE’s gas-free invisible blockchain leading the charge.

💻 Learning Corner

  1. Blocmates Report - Blocmates droped insight on SKALE's gas-free architecture, network growth, & much more in their recent SKALE report. 
  2. The SKALE Research Hub - The Research Hub is the home for SKALE-focused research, aggregating reports on gaming, architecture, growth metrics, and more.

As we wrap up November, it’s clear that SKALE continues to set new benchmarks for accessibility and growth. Surpassing $9 billion in gas fee savings and expanding global reach with a Bithumb listing are just the beginning. With the launch of a user-friendly onboarding page and new opportunities for engagement through the SushiSwap incentive campaign, SKALE is making Web3 more accessible than ever. The momentum is building, and we’re thrilled to have you with us as we continue driving innovation and redefining what’s possible in blockchain technology!

Build on SKALE

The SKALE Innovator Program for developers includes grants, consulting, Marketing & PR, engineering support, QA support, and investor introductions.

Apply to the Innovator Program