Skale (SKL), the native utility token of Skale Network, experienced an astounding 145% price surge in August. Additionally, yesterday’s trading volume exceeded $900 million, marking a major milestone.
Amid this surge, Skale’s Chief Technology Officer (CTO) raised concerns about the sustainability of trading behavior.
Prices for Skale (SKL) in August are skyrocketing: Here’s why
For context, Skale is a decentralized blockchain network consisting of layer 1 chains known as Skale Chains, which function independently. This is a gas-free network designed for high-performance use cases such as gaming, artificial intelligence (AI), and distributed finance (DEFI).
Although the network has been around for years, the 2025 journey was marked by a continuous decline. However, momentum revived in August.
Data from Beincrypto Markets showed that prices first saw a modest recovery. However, this week, the rally was amplified as it remains, and a dystopian transmedia franchise was launched on the network.
“Living in Scalé now allows fans to step into the Hollywood-level transmedia universe. Everything gives them a totally creative control over gas prices, friction, and story evolution. This partnership is a blueprint for the future of interactive entertainment.”
Once momentum has accumulated, SKL surged 86.21% in a day to $0.054 on August 14th. This marked the highest price since February 2025.
Altcoin also rose 37.22% in the past day, contrary to a wider market correction. At the time of writing, SKL was trading at $0.047.
Thank you, SKL has become one of Coingecko’s top gains and one of the trending coins. Furthermore, Skale’s popularity is further demonstrated by the increased user engagement.
In a post on X (formerly Twitter), Lunarcrush revealed that Skale is the top Altcoin on the platform in terms of social and market activity.
Why are there concerns about the rising trading volume of Scales?
Meanwhile, in addition to price and popularity, SKL also experienced an increase in trading activity. On August 13th, daily trading volumes skyrocketed to $329 million.
Furthermore, the next day it increased by 175.08% to $905 million. This shows a massive shift from a typical daily volume of around $10 million for most of this month.
At the time of pressing, trading volume was recorded at $856 million, most of which was made up of Binance and Bithumb. Nevertheless, Skae CTO Stan Kladko pointed out that most SKL transactions have been driven by speculative buying and selling recently.
Today, many people bought SKL and sold it to others immediately
These other people bought it to sell to others as well.
Or bot
I hope people and bots enjoyed themselves in the process :))– Stan Kradoko
(@stan_kladko) August 13, 2025This raises questions about the long-term sustainability of price increases and the stability of SKL’s value. Additionally, Beincrypto highlighted some indications that suggest that the rally could face a cooldown.
Nevertheless, future strategic development surrounding the fair, Skale, the MEV-resistant layer 1 blockchain, could drive positive momentum. The network is currently accepting requests from users to join the waitlist.
Why are experts worried about Skale’s trading volume amidst the 145% price surge? It first appeared in Beincrypto.
