Ethereum Side Chain SKALE Releases Ecological Report for Q1 2023 Project

According to reports, Ethereum side chain SKALE has released an ecological report for the Q1 2023 project. During the quarter, SKALE had an average of 65000 active users/wallets per month, promoting over 9 million transactions and saving over $100 million in gas costs. Since the launch of SKALE V2 in June 2022, the usage of the network has significantly increased, handling over 67 million transactions from over 415000 independent wallets.

Ethereum Sidechain SKALE Q1 Report: Monthly average active users are 65000, saving over $100 million in gas costs per month

SKALE has made significant strides in Q1 2023 with their Ethereum side chain. According to their recent ecological report, the side chain had an outstanding performance during the quarter, with an average of 65,000 active users/wallets per month. Furthermore, the platform recorded over 9 million transactions, significantly reducing gas costs for its users. Since the launch of SKALE V2 in June 2022, over 415,000 independent wallets have used the network, making over 67 million transactions. In this article, we will delve into the details of SKALE’s ecological report and highlight the features that make SKALE stand out in the decentralized finance space.

What is SKALE?

SKALE is an Ethereum side chain designed for seamless scaling of decentralized applications (dApps). The platform aims to solve the scalability issues of the Ethereum network by providing faster and efficient transactions while reducing gas costs. SKALE provides a robust infrastructure for developers to build dApps and for users to enjoy a smooth and exciting experience.

Performance Metrics for Q1 2023

SKALE has reported an impressive performance in Q1 2023. The platform recorded an average of 65,000 active users and wallets per month, which is a significant increase compared to the previous year. This increase can be attributed to the release of SKALE V2 and the robust infrastructure that the platform provides.
Over the quarter, the platform recorded over 9 million transactions, which is a testament to the scalability and efficiency of the SKALE network. Notably, the platform has saved over $100 million in gas costs for its users, demonstrating SKALE’s commitment to providing an affordable and seamless experience for its community.

Increased Usage of the SKALE Network

SKALE V2 has been instrumental in the increased adoption of the platform, with over 415,000 independent wallets using the network since its launch in June 2022. This signifies the confidence that users have in the platform and its ability to provide efficient and scalable transactions. Furthermore, the platform recorded over 67 million transactions, which is a testament to the scalability and efficiency of SKALE V2.

What Makes SKALE Stand Out in the DeFi Space?

SKALE’s robust infrastructure and scalability are features that make the platform stand out in the decentralized finance space. The platform provides a seamless experience for developers to build and deploy dApps while providing users with a fast and secure network. Additionally, the platform’s ability to reduce gas costs is a significant advantage that makes it attractive to users.

Conclusion

SKALE’s ecological report for Q1 2023 demonstrates the platform’s commitment to providing efficient, scalable, and affordable decentralized finance services. The platform’s performance metrics for the quarter, including 65,000 active users and wallets per month, over 9 million transactions, and over $100 million saved in gas costs, make it a leader in the DeFi space. With over 415,000 independent wallets using the network, SKALE V2 has provided a secure and seamless experience for users and developers.

FAQs

**1) What are active users/wallets on SKALE?**
Active users/wallets refer to the number of unique addresses interacting with the SKALE network for a specific period.
**2) How does SKALE reduce gas costs for users?**
SKALE’s scalability and efficient transactions reduce gas costs for users by enabling faster and cheaper transactions.
**3) What makes SKALE stand out in the DeFi space?**
SKALE’s robust infrastructure, scalability, and cost-saving features make it stand out in the DeFi space.