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

04/29/2023 08:24 • Tech Trends • 76 views

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

1. Introduction
2. What is SKALE and SKALE V2?
3. SKALE’s Q1 2023 Ecological Report
4. Active users/wallets per month
5. Number of transactions and gas savings
6. The significance of SKALE V2’s launch
7. Conclusion
8. FAQs

Article

**Ethereum Side Chain SKALE Releases Ecological Report for Q1 2023**
Ethereum side chain SKALE has recently released its ecological report for the first quarter of 2023. The report highlights impressive figures for the SKALE network, which has seen a significant rise in the number of active users, transactions, and savings on gas costs.
**What is SKALE and SKALE V2?**
SKALE is an Ethereum side chain that enables developers to create decentralized applications and smart contracts with faster transaction times and lower costs. SKALE offers a flexible and secure infrastructure that runs parallel to the Ethereum network. SKALE V2 is the latest version of the network that was launched in June 2022 with improved features and scalability.
**SKALE’s Q1 2023 Ecological Report**
During the first quarter of 2023, SKALE witnessed an average of 65,000 active users/wallets per month. This is a significant increase from the previous quarter, indicating that more people are using the platform for their decentralized applications. The report also highlights that over 9 million transactions occurred on the network during the quarter, indicating a cost-savings of over $100 million in gas costs.
**Active Users/Wallets per Month**
SKALE’s Q1 2023 ecological report shows that the network is becoming increasingly popular among developers and users. The report indicates an average of 65,000 active users/wallets per month, which is an indication that more people are embracing the platform. This means that the platform is secure and offers reliable infrastructure that users can rely on.
**Number of Transactions and Gas Savings**
The report also shows that the number of transactions on the network has significantly increased since the launch of SKALE V2. The platform handled over 67 million transactions from over 415,000 independent wallets, showcasing the demand and trust in the network. The cost-saving aspect of the network is also highlighted, with over $100 million saved in gas costs for users.
**The Significance of SKALE V2’s Launch**
SKALE V2’s launch has experienced remarkable growth in the Ethereum side chain, and the Q1 2023 ecological report attests to its success. The network has been able to handle a high number of transactions from over 415,000 independent wallets and saved users over $100 million in gas costs. The figures in the ecological report are a clear indication that SKALE V2 has improved the network’s efficiency and scalability.
**Conclusion**
SKALE’s Q1 2023 ecological report is impressive and shows a significant increase in the network’s usage. The increase in active users, transactions, and cost savings indicates that SKALE is becoming a reliable option for developers to build their decentralized applications. Additionally, SKALE V2’s launch has further improved the network’s efficiency and scalability, ensuring that the platform meets the growing demands of users.
**FAQs**
Q1. Is SKALE a secure platform?
Answer: Yes, SKALE is a secure platform that offers a flexible and secure infrastructure for developers to create their decentralized applications.
Q2. What is the significance of the Q1 2023 ecological report?
Answer: The report highlights the impressive growth of the SKALE network, including increased active users, transactions, and cost savings.
Q3. How does SKALE V2 improve the network?
Answer: SKALE V2 offers improved scalability and efficiency to the SKALE network, enabling developers to build faster and more reliable decentralized applications.
**Keywords:** SKALE, Ethereum side chain, SKALE V2, Q1 2023, active users, transactions, gas costs, decentralized applications.

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