SKALE (SKL)
Elastic sidechains for Ethereum. Zero gas fees for users.
Ranked 155th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
SKL scores 97 of 250 across the 25-variable framework, which places it 155th of 251 rated tokens and inside the lower half of the set. The framework verdict is PASS.
The score rests on Insider Selling 5/10, 42nd of 251, Holder Concentration 4/10, 58th of 251, Supply Inflation 5/10, 61st of 251 and Exchange Depth 5/10, 73rd of 251.
87.1% of eventual supply is already circulating, so vesting is not a live risk for SKL. Price has to be justified by demand rather than absorbed against a cliff.
SKL trades 99.7% below its all-time high of $1.22. Recovering that level is a 333.3x move, not a 99.7% one, which is the arithmetic most drawdown charts hide.
The framework score gained 97 points against the previous pass (0 to 97). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 2 | 166th of 251 | |
| Revenue Trend | 3 | 117th of 251 | |
| P/S Multiple | 4 | 104th of 251 | |
| Real Staking Yield | 4 | 82nd of 251 |
Supply
| Supply Inflation | 5 | 61st of 251 | |
| Vesting Schedule | 5 | 100th of 251 | |
| Circulating / FDV Ratio | 5 | 135th of 251 | |
| Buyback and Burn | 2 | 114th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 3 | 111th of 251 | |
| Active Users | 3 | 149th of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 4 | 100th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 3 | 115th of 251 | |
| Exchange Depth | 5 | 73rd of 251 | |
| Social Mindshare | 3 | 157th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 3 | 114th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 5 | 74th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Zero-gas fee L2 scaling for gaming and metaverse; elastic sidechains with 2-second finality.
Principal risk
Intense L2 competition from Arbitrum and Optimism; limited dApp migration to SKALE.
Market and supply
| Price | $0.003595 |
| Market cap | $21.9Mrank 760 |
| All-time high | $1.2212 Mar 2021 |
| Circulating supply | 6,094,019,337 |
| Eventual supply (max supply) | 7,000,000,000 |
| Dilution to full supply | 1.15x |
| Listed on | Binance, Coinbase, Kraken |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to SKL measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Common questions
- What is the Early Thunder score for SKALE (SKL)?
- SKL scores 97 out of 250 on the 25-variable framework, ranking 155th of 251 rated tokens (lower half). The framework verdict is PASS.
- What are SKL's strongest fundamentals?
- SKL ranks highest on Insider Selling 5/10, 42nd of 251, Holder Concentration 4/10, 58th of 251, Supply Inflation 5/10, 61st of 251 and Exchange Depth 5/10, 73rd of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- How much SKL supply is still to enter circulation?
- 87.1% of eventual SKL supply is circulating today, leaving 1.15x the current float still to arrive. At a flat price per token that is 12.9% of fully diluted value ahead of current holders.
- How far is SKL from its all-time high?
- SKL trades 99.7% below its all-time high of $1.22. Returning to that high requires a 333.3x move from the level used in this scoring pass.
- Which tokens have a similar profile to SKL?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to SKL are IOTX (98), COTI (97), CTSI (96) and RSR (104). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for SKL?
- Zero-gas fee L2 scaling for gaming and metaverse; elastic sidechains with 2-second finality.
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.