By Menno van Ravels - 13 years in crypto, 3 bear markets survived, zero paid promotions
Last reviewed: April 2026
SKALE (SKL) Risk Score
SKALE (SKL) has a composite risk score of 34.0/100, classified as Low Risk. This score is derived from 1 available core inputs and updates on a four-hour schedule for tracked coins. Ethereum-native multi-chain network providing gas-free and high-speed dApp execution.
Outdated reading — not current. This coin has not had a recent successful score calculation. Do not interpret the stored score as today's market conditions.
SKALE Risk Score
Outdated reading — not current
Calculated: 2026-05-26 12:01 UTC. Underlying market series have their own dates.
What Does This Score Mean?
A score of 34.0 means SKALE is in the Low Risk zone. Scores below 40 indicate relatively lower risk conditions, while scores above 60 suggest elevated risk.
This composite is computed from the applicable core indicators including on-chain data, market sentiment, and price action. The individual indicator scores are available to Alpha Factory members.
Scoring Indicators
| Indicator | Configured weight | Role |
|---|---|---|
| Risk Wave | 29.4% | Weighted core input |
| RSI (2-Week) | 11.8% | Weighted core input |
| 4Y High Distance | 5.9% | Weighted core input |
| Coin Dominance | 5.9% | Weighted core input |
| Fear & Greed Index | 5.9% | Weighted core input |
| ALT/BTC Ratio | 23.5% | Weighted core input |
| BTC Production Cost | 17.6% | Weighted core input |
| Stablecoin Supply Ratio | 0.0% | Context only (zero weight) |
| MVRV Z-Score | 0.0% | Context only (zero weight) |
| Altcoin Breadth | 0.0% | Context only (zero weight) |
1/10 core inputs were available when the score was calculated. Funding Rate and Token Unlocks are separate modifiers, not part of this core score. Pair-only indicators are excluded.
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SKALE Investment Context
SKALE's zero-gas model for end users removes the biggest UX barrier in blockchain gaming and consumer apps. Each dApp gets its own dedicated chain, eliminating the 'noisy neighbor' problem that affects shared L2s during congestion. The network has attracted gaming studios like Ruby Play Network, and its per-chain subscription model creates predictable revenue from chain operators.
Key Features:
- Elastic sidechains model gives each dApp its own dedicated blockchain with zero gas fees for end users
- SKL token is used for staking by validators and for SKALE chain subscription payments
- EVM-compatible allowing Solidity developers to deploy existing contracts without code changes
- Optimized for gaming and high-throughput dApps that need predictable costs and instant finality
Key Risks:
- Low awareness compared to mainstream L2s like Arbitrum and Optimism limits developer and user acquisition
- Sidechain architecture does not inherit Ethereum's security guarantees the way true rollups do
- Gaming-focused positioning is risky given Web3 gaming's ongoing struggle to achieve mainstream adoption
Layer 2 Category
Layer 2 solutions sit on top of Layer 1 blockchains to make them faster and cheaper.
Strategy: L2 tokens are more volatile than their parent chains. Size positions smaller and focus on projects with real transaction volume.
View all Layer 2 risk scores →Compare with Layer 2 Peers
| # | Coin | Score |
|---|---|---|
| 1 | Immutable IMX | 27 |
| 2 | Celer Network CELR | 27 |
| 3 | Metis METIS | 28 |
Frequently Asked Questions
What is the current risk score for SKALE?
SKALE (SKL) has a latest stored Altcoin Rules score of 34.0/100, classified as "Low Risk". This score is derived from 1 available core inputs including Risk Wave, RSI, and market sentiment data.
How risky is SKALE compared to other Layer 2 coins?
Layer 2 coins generally carry high risk. Layer 2 solutions sit on top of Layer 1 blockchains to make them faster and cheaper. Among peers, Immutable currently shows the lowest risk in this category.
What indicators are used to score SKALE?
The SKALE Altcoin Rules core score combines available, weighted market indicators. Current configured weights are listed below. Funding Rate and Token Unlocks are separate modifiers. Bitcoin excludes ALT/BTC Ratio; pair-only indicators are also excluded.
Should I invest in SKALE based on this risk score?
Risk scores are for informational purposes only and do not constitute financial advice. SKALE's zero-gas model for end users removes the biggest UX barrier in blockchain gaming and consumer apps. Each dApp gets its own dedicated chain, eliminating the 'noisy neighbor' problem that affect... Always do your own research and consult a financial advisor.