Gate Layer New Network and Tokenomics Changes for GT Token

Gate Layer Unveiled

Gate has unveiled Gate Layer, a Layer 2 network built on the OP Stack and fully compatible with Ethereum. This new blockchain aims to increase transaction throughput and reduce costs.

Changes to GT Token

Gate is making a major upgrade to the GT Token ecosystem. With this update, GT will become the exclusive gas token for the Gate Layer and will continue to maintain its current burn model. So far, more than 180 million GT have reportedly been burned, representing approximately 60% of the total supply.

Gate's Strategy

Gate Layer is positioned as the backbone of the company's Web3 strategy. Its continuous trading center, Perp, offers CEX level liquidity. It is also launching tools such as Gate Fun, a no-code incubator for token launches, and Meme Go, a real-time cross-chain meme token tracking tool.

Market Trends

Gate's move is part of a trend of major exchanges such as Coinbase introducing their own Layer 2 solutions to increase user activity. By combining the infrastructure with native tokenomics, exchanges aim to deepen liquidity and expand their ecosystem.