1 week ago
Crypto speech Gate has launched Gate Layer, a proprietary Layer 2 blockchain designed to boost transaction throughput and trim costs, portion simultaneously rolling retired a large upgrade to the GT (GateToken) ecosystem
Built connected the OP Stack and afloat compatible with Ethereum, Gate Layer is anchored by GateChain arsenic its colony layer, the institution said successful an emailed announcement connected Wednesday.
Gate is positioning Gate Layer arsenic the backbone of its “All successful Web3” strategy, launching tools specified arsenic 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.
As portion of the overhaul, GT volition service arsenic the exclusive state token for Gate Layer, portion continuing its dual pain model. To date, implicit 180 cardinal GT person been burned, astir 60% of archetypal supply.
Gate’s determination follows a increasing inclination of large exchanges, including Coinbase with Base, launching their ain Layer 2s to seizure much idiosyncratic enactment onchain. By pairing infrastructure with autochthonal tokenomics, exchanges are seeking to deepen liquidity, grow ecosystems, and presumption themselves arsenic full-stack Web3 providers—not conscionable trading venues.
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