Crypto trade Gate has launched Gate Layer, a proprietary Layer 2 blockchain designed to spice up transaction throughput and cut back prices, whereas concurrently rolling out a serious improve to the GT (GateToken) ecosystem
Constructed on the OP Stack and totally appropriate with Ethereum, Gate Layer is anchored by GateChain as its settlement layer, the corporate mentioned in an emailed announcement on Wednesday.
Gate is positioning Gate Layer because the spine of its “All in Web3” technique, launching instruments akin to Perp, a perpetuals hub with CEX-level liquidity; Gate Enjoyable, a no-code incubator for token launches; and Meme Go, a real-time cross-chain meme token tracker.
As a part of the overhaul, GT will function the unique gasoline token for Gate Layer, whereas persevering with its twin burn mannequin. So far, over 180 million GT have been burned, about 60% of preliminary provide.
Gate’s transfer follows a rising development of main exchanges, together with Coinbase with Base, launching their very own Layer 2s to seize extra consumer exercise onchain. By pairing infrastructure with native tokenomics, exchanges are in search of to deepen liquidity, develop ecosystems, and place themselves as full-stack Web3 suppliers—not simply buying and selling venues.
