Gate steps into the L2 game.
By Maxime Laurent · 2025-09-25 06:09
Gate steps into the L2 game.
So voilà, Gate is no longer just “the exchange with the endless altcoin listings” — they’ve announced Gate Layer, their own Layer 2 blockchain built on OP Stack, fully EVM-compatible and plugged into GateChain for transaction finality. Basically, it’s their version of what $COINBASE did with Base, but with a twist: it’s directly tied to their product ecosystem (think Perp, Gate Fun, Meme Go… bref, all the in-house toys).
And of course, they’re tweaking tokenomics to match:
$GT will now serve as the gas token for all Gate Layer transactions.
They’re keeping the dual burn model, with already over 180M $GT burned (~60% of supply gone forever 🔥).
Goal? Strengthen the ecosystem and channel more liquidity into the on-chain side of Gate’s universe.
My feeling? Exchanges building their own L2s is the new wave — $GT suddenly becomes more than just a “fee discount token”. But attention: adoption depends on whether users actually want to use Gate’s apps on-chain, not just trade on the CEX. If they can pull it off, we could see $GT rediscover some shine. 🌞
#Gate #GT #Layer2 #Crypto #DeFi
So voilà, Gate is no longer just “the exchange with the endless altcoin listings” — they’ve announced Gate Layer, their own Layer 2 blockchain built on OP Stack, fully EVM-compatible and plugged into GateChain for transaction finality. Basically, it’s their version of what $COINBASE did with Base, but with a twist: it’s directly tied to their product ecosystem (think Perp, Gate Fun, Meme Go… bref, all the in-house toys).
And of course, they’re tweaking tokenomics to match:
$GT will now serve as the gas token for all Gate Layer transactions.
They’re keeping the dual burn model, with already over 180M $GT burned (~60% of supply gone forever 🔥).
Goal? Strengthen the ecosystem and channel more liquidity into the on-chain side of Gate’s universe.
My feeling? Exchanges building their own L2s is the new wave — $GT suddenly becomes more than just a “fee discount token”. But attention: adoption depends on whether users actually want to use Gate’s apps on-chain, not just trade on the CEX. If they can pull it off, we could see $GT rediscover some shine. 🌞
#Gate #GT #Layer2 #Crypto #DeFi
Disclaimer: This content is for informational purposes only and not financial advice.