SKALE Labs

SKALE Labs is a technology company focused on solving the problem of blockchain scalability. The company developed the SKALE Network, an open-source, decentralized, and Ethereum-native multichain network that provides developers with high-throughput, low-latency, and zero-gas-fee sidechains. The mission is to enable developers to build and run decentralized applications (dApps) in a fast, secure, and cost-effective manner, thereby helping to bring the power of Web3 and DeFi to a mass audience. The network utilizes its native utility token, SKL, for staking and governance.