Gate’s Layer 2: Web3’s Latest Overcomplicated Masterpiece 🧱💸

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In an age where even the most mundane transactions require a PhD in blockchain, Gate has unveiled its own Layer 2 network, which they’ve christened “Gate Layer”-a name so uninspired it could only be the work of a committee of accountants and overpaid consultants. Built on the OP Stack, which is as comprehensible as a sonnet written in hexadecimal, and fully compatible with the Ethereum Virtual Machine, which is a bit like saying your toaster can also boil an egg. It’s all very impressive, if you’re the sort of person who finds the phrase “secure settlement layer” more thrilling than a trip to the seaside.

Gate officially launches its high-performance Layer 2 network, Gate Layer – with “All in Web3” leading a comprehensive upgrade of the GT ecosystem!

Backed by GT staking, Gate Layer delivers the perfect balance of performance and security:
🔹 Supports 5,700+ TPS with 1-second…

– GateLayer (@gatechain_io) September 25, 2025

The announcement blog claims this newly unveiled L2 network is capable of processing over 5,700 transactions per second (TPS) while generating blocks in just one second. One second! How quaint. In the old days, we had to wait minutes for a transaction to confirm. Now, thanks to Gate Layer, you can send your crypto faster than a squirrel in a race. And the gas fees are “dramatically reduced”-a term that means “still exorbitant, but at least less so than before.”

Moreover, Gate Layer also leverages LayerZero’s cross-chain infrastructure, enabling effortless asset transfers between major blockchain networks, including Ethereum, Arbitrum, BNB Chain, and others. Underpinning these developments is an upgrade to GateChain’s core protocol, now at version 1.20. The enhancements include support for blob transactions (EIP-4844), alignment with the Cancun EVM upgrade, and compatibility with 12 Ethereum Improvement Proposals (EIPs). One might argue that the only thing being “upgraded” is the complexity of the system, but then again, who needs simplicity when you can have a labyrinth of jargon?

Drastic changes in GT tokenomics

Alongside the launch of L2, Gate has implemented notable updates to its native token GT Token. The token retains its dual deflationary model: quarterly scheduled buybacks and burns, paired with on-chain incineration via the EIP-1559 protocol. Till date, over 180 million GT, equivalent to 60.18% of the original 300 million supply, has been burned. One might say the GT token is being burned with the fervor of a medieval heretic, but at least the price hasn’t gone up. It’s currently trading at $16.15, down 3% from the daily high, with a 68% decrease in its 24 hour trading volume. A testament to the fact that even the most meticulously crafted tokenomics can’t save a coin from the fate of being a digital paperweight.

The current Layer 2 landscape

The launch of Gate Layer marks yet another addition to the increased competition between layer 2 networks. Data from L2beat shows that there are more than 100 layer 2 blockchain networks, with a combined total value locked (TVL) of $54.55 billion. One might wonder if the crypto world is in dire need of more layer 2 networks, or if it’s simply a case of “more is more” in a sector that thrives on excess. Various prominent voices in the blockchain industry have raised concerns about the increasing number of layer 2 platforms. As Crypto With Khan noted, “By launching layer 2 networks, Crypto founders are solving problems that didn’t actually exist.” A sentiment echoed by many, though not by those who are busy building the next “essential” layer 2, which will no doubt be called “Gate Layer 2.0” by next month.

2025-09-25 13:10

Drastic changes in GT tokenomics

The current Layer 2 landscape

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