SKALE NetworkSKL

The token of SKALE, a network of Ethereum-compatible app chains where users pay no gas fees.

Rank #741Since June 2020

Price on 31 Oct 2026

C$0.00572 +9.3% since 31 Jul 2026 · 99.6% below its all-time high

The short version

SKL is staked by validators and paid by developers to rent SKALE chains, which run Ethereum-compatible apps such as games without gas fees for users. SKALE Labs of San Francisco is led by co-founder and CEO Jack O'Holleran; co-founder Stan Kladko stepped down as CTO and board director on 19 Oct 2026. In 2026 SKALE has focused on payments by AI agents using the x402 standard. On 31 Oct 2026 one SKL cost C$0.00572. From 31 Jul 2026 to 31 Oct 2026 its price changed +9.3% in Canadian dollars, and it was 99.6% below its all-time high of C$1.53 set on 11 Mar 2021.^[1]

Checked 31 Oct 2026 · 12 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$0.0334 (8 Mar 2026) · low C$0.00451 (19 Aug 2026) · -77.2%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$0.00570	US$0.00408
30 Sep 2026	C$0.00656	US$0.00461
31 Aug 2026	C$0.00502	US$0.00362
31 Jul 2026	C$0.00494	US$0.00352
30 Jun 2026	C$0.00498	US$0.00350
31 May 2026	C$0.00795	US$0.00576
30 Apr 2026	C$0.00913	US$0.00673
31 Mar 2026	C$0.00805	US$0.00579
28 Feb 2026	C$0.0194	US$0.0142
31 Jan 2026	C$0.0242	US$0.0179
31 Dec 2025	C$0.0134	US$0.00977
30 Nov 2025	C$0.0201	US$0.0143

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$0.00572^[1]
3-month change: +9.3% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 99.6% below its high of C$1.53 (11 Mar 2021)^[1]
Market rank: #741, market value about C$34.8M^[1]
Kind: Token · Ethereum (ERC-20); used across SKALE app chains
Started: June 2020

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?YesA 3-of-5 multisig holds the token's admin role and can mint up to the 7B cap^{[2, 3]}

Can anyone freeze or take coins from holders?YesThe same multisig can slash staked SKL, locking delegators' tokens; no blacklist or pause^{[3, 4]}

Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy^[5]

Is the supply capped?No7B cap in code, but a multisig can mint the remaining 566M at will^{[2, 3]}

Any scheduled unlocks in the next 12 months?NoNo scheduled cliffs found; remaining supply is issued as validator rewards^[6]

Does a team or foundation hold over 10% of supply?Not disclosedOriginal allocations vested; current team and foundation holdings are not published^[6]

Do network fees reach coin holders?YesChain subscription payments fund validator and staker rewards; amounts not published^{[7, 8]}

Main network hacked or halted in the past 2 years?NoNo exploit or halt of SKALE chains found^[9]

Is a regulator or court case targeting the coin itself?NoNo live regulator or court case found^[8]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: SKALE Labs (San Francisco) and the N.O.D.E. / SKALE Foundation^[6]
Leaders: Co-founder and CEO Jack O'Holleran; co-founder Stan Kladko left as CTO and director on 19 Oct 2026^[8]
Backers: Multicoin Capital, Winklevoss Capital and ConsenSys Labs^[6]
Contract powers: A 3-of-5 multisig can mint up to the 7B cap and slash staked SKL^{[2, 3, 4]}

Supply

In circulation: 6.09B SKL of a 7.00B maximum (87.1%)^[1]
Fully diluted value: 1.06 times its current market value^[1]
Supply: 6.19B circulating of a 7B maximum (88.5%); 6.43B minted on-chain^{[6, 2]}
Unlocks: No scheduled cliffs found; the remaining supply is issued as validator rewards over time^[6]

Use and fees

Main use: Chain subscriptions paid by app developers, and validator staking^{[8, 7]}
Network fees: None by design; DefiLlama records US$0 of chain fees^[10]
Usage claim: PayAI on SKALE: 28M transactions and US$7M settled by 23 Jul 2026 (third-party claim, unverified)^[8]

Trading

Daily trading: About C$15.1M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 24.34% of its market value changes hands each day^[1]
20-week average: 1.7% above its 20-week average price^[1]
1-year change: -77.6% in C$^[1]^[11]

History

Not a forecast

Coins ranked 201-500 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 8,067 cases, 1,187 coins (this coin ranks below 500, so the nearest group is shown)

33% were higher a year later^[12]

Typical result: Median -38% after a year; 33% higher after two years
Lost half or more: 44% within a year
Against Bitcoin: 11% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

1 red flag found

Red flag: A 3-of-5 multisig can mint SKL up to the 7B cap (about 566M more) and can slash staked SKL, locking delegators' tokens (contract source, 1 Nov 2026).^{[2, 3, 4]}

When he stepped down on 19 Oct 2026, co-founder Stan Kladko proposed three engineer seats on the SKALE Foundation board.^[8]
SKALE Labs launched Agent Pit, a simulated prediction market for training AI trading agents, on 12 Aug 2026.^[8]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.