The SKALE LABS today announced the launch of the fair, the first layer 1 blockchain purpose built to eliminate the value of the obtained value (MEV) and serve the next generation of AI financial protocols. The new chain debut with a pair of vodafone as a founding validator.
The fair is aimed at removing the MEV – a form of obtaining the value in which validators and bots manipulate blockchain transactions for income – by incorporating the consent level of the consensus by the proprietary bite protocol. The position of the project itself as a precaution for the upcoming AI agent wave, the autonomous software agents have predicted to continue to conduct financial logic on-chain.
“The MEV has an expiry date,” said Jack O’Hollararan, CEO and co-founder of SKALE LABS. “Each user now pays taxes on trade due to MEV bots. With the increase in AI, this problem becomes exponential.”
“The fair is solved for MEV by embedding the encryption directly to the consensus and this is the first true MEV that is resistant to the blockchain, solving a problem that the industry has long accepted as inevitable,” Jack added.
A blockchain for the AI economy
The announcement came as brace of the financial ecosystem for a radical shift driven by AI and Defi Convergence agents.
Bernstein hopes that total crypto income can grow to approximately $ 400 billion by 2033, with a decentralized blockchain driven by the income of almost half of this whole. In addition, the global AI agent market is expected to reach $ 50.31 billion by 2030. In the financial service sector specifically, the AI agent market costs $ 490.2 million in 2024 and is expected to grow to $ 4.49 billion by 2030.
These forecasts can be achieved, if there are infrastructure that guarantees the transactional and data security and security. Fair’s pitch is the infrastructure.
AI’s Fair’s inclusion is not just Buzz. In the short term, it will use AI to detect and prevent exploits in intelligent contracts and anomaly transactions. Over time, it will support complex AI agents capable of accessing liquidity, implementing investment logic, and contacting other on-chain creatures as the immune to frontrunning or sandwich attacks.
The fair is enabled by the fair EVM, a custom built C ++ parallelized virtual machine featuring asynchronous implementation, instant finality, and optimization of database levels. The result is a network capable of administering the logic of the high-frequency agent while maintaining privacy.
Vodafone’s role and cooperation with cross-industry
Launching fair is further distinguished by its cooperation with Vodafone’s pairpoint. “The rapid evolution of AI and other automation technologies forces the evolution of a new digital infrastructure to deliver a rapid emerging digital world, and the cellular, web3, and AI will be part of it,” said David Palmer, chief product official in Vodafone’s pair. “As part of the technological scene requires the blockchain adoption is growing with the potential to develop a link and automation link between people, businesses, IOT devices and even AI agents, which place significant security emphasis both on the side and chains to avoid attacks such as miners/highest equivalent of attacks (MEV).”
Vodafone’s involvement is part of a broader trend in which giant telecoms explore blockchain for trusted machine-to-machine (M2M) contact. The fairness of the fair in telecom infrastructure can help it get early adoption in sectors where the integrity of the side and transaction is most important, such as intelligent logistics, autonomic mobility, and decentralized commerce.
Fair to introduce one’s own native token
While the fair will introduce its own native token, the existing $ SKL token from the Skale Ecosystem will retain significant utility through the burn-chain burn mechanics and functions, effectively bridging both networks. A large portion of the upcoming Fair token supply will be allocated to SKL holders, which motivates developers and users who participate in the new ecosystem.
Developers will also get access to the fair SDK, which expands of discryption, private implementation, and AI interaction capabilities with existing skale chains. More than 55 million Dompets are already using SKALE-based applications, which have collected more than $ 12 billion in gas fees since launch. These apps are standing to get immediate resistance to MEV and encrypted AI compatibility.
Why important?
Mev has long been viewed as a necessary evil in the blockchain – inevitably due to the public character of the mempools and the motives of validators’ income. Solutions have emerged at application and middleware levels, such as Flashbots’ MeV relays and private order flow mechanisms, but critics are trying to create new centralization points.
The fair takes a more foundation approach by changing the consensus itself.
Fair’s launch also adds a new scale to the ongoing competition between modular and monolithic blockchains. By maintaining the implementation, consent, and strict integration of AI-incorporation, SKALE LABS prevents performance and native features over composability with third-party middleware.
The fair is currently on Testnet with a Mainnet launch that is expected later in 2025. If successfully, it can move how AI agents, defi protocol, and businesses view the blockchain as a transactional substrate – not just for people, but for the cost of talking software in real time.
In the growing interest of the institutional, especially from the telecommunication and enterprise sectors, the fair may be the first of many AI-first blockchain challenges to challenge the long-term assumptions in Defi architecture.
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Image credits: Skale labs, canva