Skate
SKATE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
The overall assessment of SKATE is constrained by substantial data gaps and weak observable fundamentals across evaluated areas. Three sections—Active Development, Team and Governance, and Security and Audit History—received scores of -1.0 due to severe source contamination across non-crypto entities (such as video games and sports federations), leaving development activity, leadership background, and security audits unverified. Among the scoreable sections, Community Support is extremely weak (1.5/10), evidenced by minimal social engagement, a heavily devalued token price, and a very small holder base (~2,854 holders for ezSKATE). Tokenomics (4.0/10) reveals substantial dilution overhang, with only ~18% of the 1 billion maximum supply currently in circulation alongside insider-heavy allocations (50.5% insider/treasury vs 12.8% community). Market and Use Case (4.5/10) addresses multi-VM cross-chain interoperability, but suffers from low market capitalization, thin liquidity, and unverified adoption metrics. No qualifying red-flag events or confirmed fraud were established, but the combination of heavy data gaps and weak fundamentals results in a low overall score.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Skate (SKATE)
SKATE is the native utility and governance token of the Skate protocol, a cross-chain interoperability project designed to address blockchain fragmentation through a unified multi-virtual machine (multi-VM) application layer. The token serves primarily as a mechanism for protocol governance and ecosystem incentives across its supported networks.
The protocol has a fixed maximum supply of 1,000,000,000 SKATE tokens, with an initial circulating supply of approximately 180,000,000 tokens (around 18%). The token distribution structure allocates approximately 50.5% of the total supply to insiders and the project treasury, compared to 12.8% designated for a community airdrop. The protocol also includes a staked derivative token known as ezSKATE, which maintained an on-chain holder base of roughly 2,854 addresses.
Evaluation of the project reveals several limitations and significant data gaps. SKATE trades with low market capitalization and thin trading volumes, leaving it exposed to elevated price volatility, while the token has experienced substantial devaluation. Furthermore, verifiable data regarding active development repositories, leadership team identity, formal governance participation, and third-party security audits is absent from standard public tracking sources.