Cryptocurrency trading platform Gate has announced two major initiatives: the official launch of its self-developed high-performance Layer 2 network, Gate Layer, and a comprehensive optimization of the token economy and ecological mechanism for its platform token GT (GateToken). This move will not only provide Web3 users with a more efficient and cost-effective experience but also marks another comprehensive upgrade for Gate in terms of infrastructure and ecosystem.

Gate Layer Makes a Grand Debut: EVM Fully 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), and secured by GateChain as the main chain settlement layer. It 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, and transaction fees significantly lower than most existing Layer 2 networks, costing about $30 for every one million transfers. On the cross-chain front, Gate Layer utilizes LayerZero to enable multi-chain interoperability, supporting cross-chain asset transfers with major public chains like Ethereum, BSC, and Polygon. With a design philosophy of "low threshold, high efficiency, low cost," Gate Layer aims to provide convenient on-chain services for users and developers, while offering security backing through GT staking, achieving a balance between performance and security.

Ecological Construction Plan: All in Web3 to Build a Comprehensive On-Chain Ecosystem

Gate Layer, as the infrastructure base of the "high-performance Layer 2 network," anchors the core strategy of "All in Web3" and launches three core tools: Perp, Gate Fun, and Meme Go, precisely 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 "no-code, low-cost" token issuance incubator aimed at small and medium projects, helping Meme and Web3 creators to quickly launch, empowered by Gate's comprehensive ecological construction;

●Meme Go: A real-time trading and monitoring platform for all-chain Meme coins, supporting Ethereum, BSC, Solana, and other chains, enabling dynamic monitoring and zero-latency transactions for tokens from major global launch platforms.

GT Token Economy and GateChain Upgrade: Dual-Engine Driving Ecological Value

In this strategic upgrade, the application scenarios and value of GT have been further expanded. As the only Gas token for Gate Layer, the on-chain demand for GT will continue to rise with the growth of the ecosystem; at the same time, the platform continues its dual deflationary mechanism of "regular burns + on-chain burning," with a total of over 180 million tokens burned, accounting for 60.18% of the initial issuance, continuously enhancing its scarcity and long-term value.

GateChain, as the settlement layer for Gate Layer, has also completed the v1.20 upgrade, adding support for Blob transactions (EIP-4844), updating the EVM version to Cancun, and being compatible with 12 EIP protocols, laying a solid technical foundation for the stable operation of Gate Layer while optimizing Gas costs and enhancing security.

With the simultaneous launch of Gate Layer, GT token economy optimization, and GateChain upgrade, Gate not only addresses users' long-standing pain points in terms of performance and cost but also signals an ecological strategy of "driving long-term value through infrastructure." In the future, Gate will continue to promote the large-scale adoption of blockchain applications, explore more cutting-edge directions in cross-chain, smart contracts, and decentralized finance, and build an open and inclusive Web3 ecosystem.

About Gate

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

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