Cryptocurrency exchange platform Gate has announced the launch of two key initiatives: the official release of the platform's self-developed high-performance Layer 2 network, Gate Layer, and a comprehensive optimization of the platform's native token GT (GateToken) tokenomics and ecosystem. This move will not only provide Web3 users with a more efficient and cost-effective user experience but also signify another comprehensive upgrade for Gate in terms of infrastructure and ecosystem.

Gate Layer Makes a Splash: EVM-Compatible High-Performance Layer 2 Network

Gate Layer is a high-performance Layer 2 network built on the industry-leading OP Stack, fully compatible with the Ethereum Virtual Machine (EVM). It is secured by GateChain as the main chain settlement layer and enhances network stability through the GT staking mechanism. In terms of performance, Gate Layer can achieve over 5,700 transactions per second, with block generation time reduced to 1 second, transaction fees much lower than most existing Layer 2 networks, requiring only about $30 for every one million transactions. On the cross-chain front, Gate Layer leverages LayerZero to enable multi-chain interoperability, supporting cross-chain asset transfers with mainstream public chains such as Ethereum, BSC, and Polygon. With the design philosophy of "low threshold, high efficiency, low cost," Gate Layer is committed to providing convenient on-chain services for users and developers and ensuring security through GT staking, achieving a balance between performance and security.

Ecosystem Development Plan: All in Web3 to Build an On-Chain Ecosystem

Built on the foundation of a "high-performance Layer 2 network," Gate Layer embraces the core strategy of "All in Web3" and introduces three core tools: Perp, Gate Fun, and Meme Go, accurately covering users' full-scenario needs from asset issuance, trading to value creation.

●Perp: A high-performance, high-liquidity perpetual contract trading hub that provides a smooth experience and deep liquidity comparable to CEX, covering mainstream and long-tail assets to meet users' diverse trading needs;

●Gate Fun: A "zero-code, low-cost" token issuance incubator aimed at small and medium projects, empowering Meme and Web3 creators to launch quickly and leveraging Gate's comprehensive ecosystem to empower project development;

●Meme Go: A cross-chain Meme coin real-time trading and monitoring platform supporting multiple chains such as Ethereum, BSC, Solana, enabling dynamic monitoring of tokens on global mainstream launch platforms and zero-latency trading.

GT Tokenomics & GateChain Upgrade: Dual-Drive Ecosystem Value

In this strategic upgrade, GT's use cases and value further expanded. As the sole Gas token of the Gate Layer, GT's on-chain demand will continue to rise with the growth of the ecosystem; simultaneously, the platform continues the dual deflation mechanism of "regular burn + on-chain burn," with over 180 million tokens burned to date, accounting for 60.18% of the initial supply, enhancing scarcity and long-term value.

GateChain, as the settlement layer of the Gate Layer, has also completed the v1.20 upgrade, adding support for Blob transactions (EIP-4844), upgrading the EVM version to Cancun, and integrating compatibility with 12 EIP protocols. This optimization of gas costs and enhanced security establishes a solid technical foundation for the stable operation of the Gate Layer.

Through the simultaneous launch of Gate Layer, GT tokenomics optimization, and GateChain upgrade, Gate not only addresses long-standing user pain points in performance and cost but also signals a commitment to driving long-term value through infrastructure. In the future, Gate will continue to drive the mass adoption of blockchain applications, explore more cross-chain, smart contract, and decentralized finance frontiers, and build an open and inclusive Web3 ecosystem.

About Gate

Founded in 2013, Gate is one of the world's leading cryptocurrency exchange platforms, with Dr. Han serving as the founder and CEO. The platform serves over 38 million users and supports trading for 3,600+ cryptocurrencies. As an industry benchmark, Gate was the first to achieve a 100% reserve proof and its ecosystem includes diverse services such as Gate Wallet and Gate Ventures.

Disclaimer: This content does not constitute an invitation, solicitation, or advice of any kind. You should always seek independent professional advice before making any investment decision. Please note that Gate may restrict or prohibit all or part of its services from users in restricted regions.

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