Yeliz Akmaca 
SKALE (SKL) gained significant momentum in August. The launch of It Remains on the network pushed the price to $0.054, marking a 145% increase. This rise represented the highest level since February 2025. The altcoin challenged the broader market, gaining 37% in a single day. SKL became one of the top trending cryptocurrencies on CoinGecko. Moreover, LunarCrush data showed SKALE leading in social and market activity. User engagement on the network further highlighted the project’s popularity. As a result, investor interest increased noticeably.
SKALE operates as a decentralized blockchain network consisting of independent SKALE Chains. It is designed for high-performance use cases such as gaming, AI, and DeFi. The network offers gas-free transactions to improve the user experience. Meanwhile, the launch of It Remains strengthened price momentum. Fans can interact with the story in a fully immersive way. They also retain complete creative control over content.
Rising Trading Volume Sparks Concerns
Alongside the price surge, SKALE’s trading volume also increased sharply. On August 13, daily volume reached $329M, then jumped 175% to $905M the next day. This volume far exceeded the typical daily average of $10M for the month. Binance and Bithumb accounted for most of the trades. On the other hand, SKALE CTO Stan Kladko noted that much of the trading activity is driven by bots. This raises questions about the long-term sustainability of the price increase. BeInCrypto also pointed out signs that the rally could face a temporary cooldown.
Nevertheless, upcoming strategic developments around SKALE’s MEV-resistant Layer 1 blockchain, FAIR, could create positive momentum. The network is currently inviting users to join a waiting list. Additionally, planned updates and services have the potential to boost network usage. In conclusion, while short-term price action draws attention, long-term strategic moves will determine SKALE’s trajectory.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.