On September 25, Gate Exchange officially announced the launch of its proprietary Layer 2 network—Gate Layer—and simultaneously upgraded the GT token economic model. This initiative is seen as a core pillar of Gate's "All in Web3" strategy, aimed at addressing the long-standing pain points of "high gas fees and slow confirmations" in the blockchain space through a high-performance Layer 2 network. With the significant success of Coinbase's Base network this year, competition in the exchange public chain track has become increasingly fierce. Gate Layer is built on the OP Stack, fully compatible with the Ethereum Virtual Machine (EVM), and uses GateChain as its settlement layer, attempting to create a differentiated competitive advantage in performance, cost, and ecosystem development.
The technical design of Gate Layer reflects a pragmatic philosophy. The choice of OP Stack allows it to quickly integrate into the Ethereum ecosystem while avoiding the high costs and time investments of developing from scratch. This technical path is similar to Coinbase's Base network, but Gate Layer has set higher performance benchmarks. According to official data, Gate Layer has achieved a processing capacity of over 5,700 transactions per second, reducing block generation time to 1 second. This performance far exceeds that of the Ethereum mainnet and is superior to most existing Layer 2 network solutions.
Transaction costs are a key metric for assessing the usability of Layer 2 networks. Gate Layer claims its fees are significantly lower than most competitors, costing only about $30 for one million transfers. This figure stands in stark contrast to Base chain's $700, BSC's $2,000, and Solana's $1,000. The low fee characteristic is crucial for attracting large-scale users and DApps with frequent interactions.
In terms of security, Gate Layer employs a dual protection mechanism. The underlying security is provided by the GateChain mainnet, while the GT staking mechanism enhances network stability. This design retains the security of the mainnet while introducing an additional layer of security through staking economics.
Cross-chain interoperability is another major technical highlight of Gate Layer. By integrating the LayerZero protocol, Gate Layer enables asset cross-chain transfers with mainstream public chains such as Ethereum, BSC, and Polygon. This design significantly lowers the operational threshold for users with multi-chain assets, laying the foundation for a true multi-chain Web3 experience.
With the launch of Gate Layer, the economic model of the GT token has also undergone a significant upgrade. The core change is that GT has become the exclusive fuel token for Gate Layer, with all on-chain operations requiring GT to pay fees. This design directly converts network usage demand into GT token demand, creating an intrinsic value capture mechanism. The dual destruction model of GT has been continued and strengthened in this upgrade. Data shows that as of now, Gate has cumulatively destroyed over 180 million GT, accounting for about 60% of the initial supply. This ongoing deflationary mechanism significantly enhances the scarcity of GT, providing long-term support for the token's value.
The latest upgrade of GateChain further solidifies the value foundation of GT. The v1.20 version upgrade supports Blob transactions (EIP-4844), the EVM version has been iterated to Cancun, and it is compatible with 12 EIP protocols. These technical improvements optimize gas cost calculations and enhance on-chain security, creating richer use cases for GT.
The application scenarios of GT have expanded from being merely a platform token to encompass the entire Gate ecosystem. In addition to traditional functions such as trading fee discounts and participation in new coin mining, GT is now a core element of the operation of the Gate Layer network. As network activity increases, the demand for GT will correspondingly rise, forming a positive cycle.
Gate Layer is not just a technical infrastructure; it is also the core vehicle for Gate's implementation of the "All in Web3" strategy. This strategy is realized through three key products: Perp, Gate Fun, and Meme Go. These products precisely cover the full-scenario needs of Web3 users from asset issuance, trading to value creation.
Perp is a perpetual contract trading hub with CEX-level liquidity. It leverages the high-performance characteristics of Gate Layer to provide traders with a smooth experience and deep liquidity comparable to centralized exchanges. The launch of Perp signifies Gate's attempt to secure a place in the decentralized derivatives market, which is still in its early development stage but has enormous growth potential.
Gate Fun is a no-code token launch incubator designed to address the pain points of small and medium projects and creators regarding "difficult issuance, high customer acquisition costs, and poor liquidity." This platform significantly lowers the threshold for Web3 entrepreneurship, allowing non-technical users to easily issue and manage tokens. By reducing the barriers to creation, Gate Fun is expected to attract a large number of innovative projects and community tokens.
Meme Go is a real-time cross-chain meme token tracker that supports dynamic monitoring and zero-latency transactions of tokens from major global launch platforms. Although the meme coin market is highly volatile, it is an important component of the current Web3 traffic entry. The launch of Meme Go demonstrates Gate's keen grasp of market trends.
The strategic positioning of Gate Layer differs from simple technical solutions; it aims to build a complete Web3 value ecosystem. By simultaneously covering the three major scenarios of trading, issuance, and monitoring, Gate aims to capture the full-cycle needs of Web3 users, forming an ecological closed loop. This strategy aligns with industry trends. Major exchanges are capturing more on-chain user activity by launching their own Layer 2 blockchains. By combining infrastructure with a native token economy, exchanges can deepen liquidity, expand ecosystems, and position themselves as full-stack Web3 providers rather than just trading venues.
The launch of Gate Layer marks a new phase in the competition among exchange public chains. As user demands for on-chain experiences increase, simple trading platforms can no longer meet market needs. Exchanges need to provide full-stack Web3 services, and high-performance public chains become the key infrastructure supporting this transformation.
The differences between Gate Layer and competitors like Base lie in its more comprehensive ecological layout. It not only focuses on technical performance but also directly participates in application layer construction through three core products. This "infrastructure + application ecosystem" dual-driven model may become a new paradigm in the competition among exchange public chains. The latest upgrade of GateChain is also worth noting. The v1.20 version adds support for Blob transactions, the EVM version has been iterated to Cancun, and it is compatible with 12 EIP protocols. These improvements not only enhance the performance of GateChain itself but also lay a solid technical foundation for the stable operation of Gate Layer.
Gate's case reveals an industry trend: blockchain competition is shifting from pure technical competition to ecological competition. The key to winning lies not only in throughput or fees but also in the ability to build an active, diverse, and self-operating ecosystem. In this competition, Gate Layer has already made an important move.
Related: Gate Launchpad Launches with a Bang XPL Project Preview: Dual Play of Small Capital Experience and Large Capital Increase
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