SKALE (SKL) Skyrockets 150%: The Ethereum Scaling Token Defying Gravity This Week

Ethereum's scaling dark horse just went supernova—SKALE (SKL) ripped past expectations with a jaw-dropping 150% rally in seven days. Here's why traders are piling in.

Gas fees got you down? SKL's elastic blockchain network is flipping the script, offering developers a frictionless alt-layer while ETH battles congestion. No more choosing between security and speed.

The surge coincides with a spike in active projects building on SKALE—turns out, 'modular' isn't just a buzzword when devs actually migrate. Meanwhile, Bitcoin maxis are still arguing about block size.

Warning: This rocket fuel might be temporary. The token remains 80% below its 2021 ATH, because in crypto, even Lazarus plays need a second comeback. Trade accordingly.

TLDR

• SKALE (SKL) price surges toward $0.060 following the launch of “It Remains” transmedia NFT project
• The token has gained 150% in seven days and 52% in 24 hours, reaching $0.048
• Trading volume jumped 1,700% weekly to $580 million with market cap under $300 million
• Technical indicators show RSI at 87.89 in overbought territory with strong MACD bullish signals
• SKALE network offers zero gas fees and processes billions of transactions monthly

SKALE price has risen through major resistance areas, targeting $0.060 after the launch of the “It Remains” transmedia NFT project. The token recorded a 150% gain over seven days and a 52% increase in 24 hours.

The SKALE price surge comes as SKALE partners with Transmedia to launch “It Remains,” an interactive storytelling platform. The project combines novels, AR/VR games, NFTs, and decentralized governance through DAOs.

$SKL pumped 49.1% today after @ItRemains_World announced they will be integrating @SkaleNetwork. pic.twitter.com/eWE1zIJEe3

— CoinGecko (@coingecko) August 14, 2025

The franchise has generated over $900,000 in revenue from initial product and NFT sales. Plans include a Netflix series, feature film, and board game launching by 2028.

SKALE’s zero gas fees and near-instant transaction finality remove barriers for mainstream blockchain entertainment adoption. The network eliminates friction that typically prevents mass market adoption.

Founder Christo Peev says SKALE breaks the “invisible wall between the decades-old state of storytelling and the decentralized future.” The integration gives NFT holders exclusive voting rights and access to unlock story chapters.

The token currently trades at $0.048, still three times below its all-time high. Despite this, the price-to-volume ratio suggests the token may be undervalued.

Technical Analysis Points to Continued Rally

Technical analysis shows SKALE broke through all short-term resistance levels. The auto Fibonacci retracement chart indicates the price surpassed the 1.618 extension at $0.0169 before starting a rapid upward trend.

The breakout occurred around the VWAP cluster between $0.0371 and $0.0432 as momentum buying increased. VWAP readings now serve as dynamic support levels, with the most important at $0.0493.

The next Fibonacci extension target sits between $0.055 and $0.060. This suggests the vertical breakout pattern could extend higher.

If the token fails to break above this range, it might decline to the $0.045 to $0.047 area. The RSI reached 87.89 on the 4-hour chart, indicating DEEP overbought conditions.

Market Activity Shows Strong Interest

The MACD displays strong bullish momentum with the MACD line well above the signal line. The histogram has widened rapidly, showing rising trend strength with no indication of a bearish crossover.

Trading volume increased dramatically in both spot and derivatives markets following the rally. SKALE recorded $580 million in volume against a market cap under $300 million.

Open interest has risen alongside the price surge. This typically strengthens sudden price movements when combined with high derivatives volume.

The network has processed over 100 billion transactions, saving users $10 billion in fees. Unique active wallets exceed millions, with total value locked in staking surpassing $1 billion.

SKALE operates as an Ethereum-native multichain platform launched in 2020. The network averages 2,500 transactions per second per chain with 152 validators processing billions of monthly transactions.

The protocol uses elastic chains with pooled validation and encrypts all transactions until finalization. Chains rotate randomly among nodes to enhance security and resist MEV exploits through the BITE protocol.

The current trading activity shows retail and institutional trader involvement. Volume spikes historically lead to continued momentum in the days following breakouts.

SKALE must maintain support above the $0.0493 VWAP level to continue the current rally toward the $0.060 target.