SKALE, the Ethereum sidechain, has unveiled the introduction of SKALE Chain Pricing on its mainnet, marking the second strategic phase in its economic model evolution.

In a departure from conventional approaches, SKALE has opted not to impose gas fees on end-users but instead collects fees from chain usage, redistributing them to validators and stakers.

The objective of this phase is to attain hardware profitability for SKALE chains' validators and establish target load pricing.

Marked as Different

Unlike Layer 2 solutions, which typically enhance the speed of existing chains, SKALE positions itself as a sidechain with a focus on horizontal scalability, a strategy that emphasizes the addition of resources side by side while upholding security.

For instance, SKALE currently operates 20 blockchains with a shared validator set, allowing for the seamless addition of new chains as demand grows.

Under the recently introduced pricing model, each chain is expected to contribute an annual value of $1 million in SKL tokens when the network load hits 70%.

This payment structure follows a sliding scale, with the inaugural payment slated for February 1st.

An inherent feature that sets SKALE apart is its integration with Ethereum, where it builds vertically to leverage the robust security of the Ethereum network.

Market Dominance

Presently, SKALE hosts five of the top 25 games on DappRadar, underscoring its adoption within the decentralised app (dApp) ecosystem.

Just last month, SKALE Network partnered with Granted, a platform dedicated to grant-seeking.

This partnership aims to create opportunities for web3 applications to secure funding and establish a blockchain foundation for sustainable growth.