Could you elaborate on the current supply of SKL coins? Given the rapidly evolving nature of the 
cryptocurrency market, it's crucial to stay informed about the available quantity of any given token. So, how many SKL coins are currently in circulation? Additionally, is there a set maximum supply that will ever be reached, or is the supply dynamic and subject to change? Understanding these fundamentals is paramount for investors and enthusiasts alike. Please provide a concise yet comprehensive answer to these queries.
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    Giuseppe
    Mon Jul 01 2024
   
  
    This ranking highlights SKALE's position as a competitive Layer 1 solution, though still not at the forefront of the sector.
  
  
 
            
            
  
    
    Giulia
    Mon Jul 01 2024
   
  
    In the Ethereum (ERC20) Tokens sector, SKALE currently holds the 59th position in terms of market capitalization. 
  
  
 
            
            
  
    
    Claudio
    Mon Jul 01 2024
   
  
    SKALE's circulating supply stands at 5.36B SKL, representing a significant portion of its maximum supply of 7.00B SKL. 
  
  
 
            
            
  
    
    GeishaMelody
    Mon Jul 01 2024
   
  
    This ranking positions SKALE as a notable player in the ERC20 token landscape, though not among the top-tier projects.
  
  
 
            
            
  
    
    Carlo
    Mon Jul 01 2024
   
  
    The current yearly supply inflation rate for SKALE is 18.23%, indicating a relatively high rate of new tokens being created.