What to know:
- Gate has launched Gate Layer, a Layer 2 network built on OP Stack and fully EVM-compatible. 🤷♂️ “Because Ethereum wasn’t fast enough for your crypto coffee orders.”
- GT tokenomics are being upgraded, making GT the exclusive gas token while continuing its burn model. 💥 “Burn it with pride, or at least with a 60% discount on your initial supply.”
- Gate’s move follows a growing trend of major exchanges, including Coinbase with Base. 🐯 “If it’s good enough for Base, it’s good enough for your blockchain-induced midlife crisis.”
Crypto exchange Gate has launched Gate Layer, a proprietary Layer 2 blockchain designed to boost transaction throughput and reduce costs, while simultaneously rolling out a major upgrade to the GT (GateToken) ecosystem. 🚀 “Because nothing says ‘trust us’ like a name that sounds like a cybersecurity firm and a Layer 2 network that’s basically a highway for transactions.”
Built on the OP Stack and fully compatible with Ethereum, Gate Layer is anchored by GateChain as its settlement layer, the company said in an emailed announcement on Wednesday. 📧 “Because nothing says ‘urgency’ like a Wednesday email with 27 exclamation points.”
Gate is positioning Gate Layer as the backbone of its “All in Web3” strategy, launching tools such as Perp, a perpetuals hub with CEX-level liquidity; Gate Fun, a no-code incubator for token launches; and Meme Go, a real-time cross-chain meme token tracker. 🤡 “Because why track crypto when you can track memes? Priorities, people.”
As part of the overhaul, GT will serve as the exclusive gas token for Gate Layer, while continuing its dual burn model. To date, over 180 million GT have been burned, about 60% of initial supply. 🔥 “Burn it all, burn it good. If you burn it, they will come… to ask you why you’re still burning it in 2024.”
Gate’s move follows a growing trend of major exchanges, including Coinbase with Base, launching their own Layer 2s to capture more user activity onchain. By pairing infrastructure with native tokenomics, exchanges are seeking to deepen liquidity, expand ecosystems, and position themselves as full-stack Web3 providers-not just trading venues. 🏗️ “Because nothing says ‘I’m not just a trading platform’ like a blockchain that’s basically a glorified Excel sheet with better gas fees.”
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2025-09-25 05:55