Gate emphasized that the real differentiation is not only in speed and low transaction costs, but also in the possibility to offer immediate liquidity and an existing user base. Moreover, they emphasized the importance of offering practical Defi products. At the same time, the upgraded tokenomics -Mechanism GT not only positions as an exchange, but also determines GT as the evolving “fuel” of the web3 -eco system of Gate.
Competitive pressure
Big players have already rolled out their own Layer-2 (L2) solutions-such as the basis of Coinbase, Binance’s BNB, Kraken’s Ink-en The launch of Gate Layer marks a critical milestone in the Web3 infrastructure strategy of Gate. According to the announcement, Gate Layer is built on the Op-Stapel and is completely EVM compatible. It shows impressive performance bends: more than 5,700 transactions per second (TPS), 1-second block times and costs of around $ 30 per million transactions.
TPs from some L2 networks on stack. Source: L2Beat
However, what Gate’s L2 strikes are not only the technical statistics – even if, as they express it, these are “the most competitive statistics in space”. In contrast to Base or BNB, Gate Layer combines performance with targeted utility to create a real distinctive factor in the Layer-2 race.
In particular, the gate layer goes beyond the rough transit by expanding cross-chain connectivity via Layerzero. This allows developers once to implement applications and reach users in Ethereum, BSC, Polygon and more. In combination with the benefits of an important exchange, gate layer developers can immediately offer liquidity. The various products such as Perps Dex, Gate Fun and Meme Go improve this.
“That mix of speed, costs and real adoptive channels is where we think we can stand apart,” Dr. Han Lin, CEO of Gate to Beincrypto.
GT -Token: From exchange token to web3 ecosystem fuel
In addition to the launch of his new L2, Gate also revealed an extensive upgrade to the Tokenomics of GT (Gate Token). GT will now serve as the only guest smoking for the gate layer. It will continue its Dual-Burn model, which includes planned return and burns in combination with burns on the chain.
Lin shared with Beincrypto that more than 180 million GT has been burned, equal to 60.18% of the initial stock. This is considered to be one of the deepest deflatory reductions in the industry.
Usually, token burns reduce the offer to create scarcity. With GT increasingly used about the portaleco system (floating question), this dynamic can positively influence the price. However, if scarcity were only the focus, GT would miss the sustainability that is needed for the long -term value.
According to the representatives of Gate, this extensive tokenomics upgrade represents an evolution -transforming GT from a “cex -token” into the backbone of a wider web3 ecosystem.
“Our goal is to make GT indispensable: feeding transactions, stimulating developers and ultimately securing the network by turning off,” Gate told Beincrypto.
The launch of Gate Layer and the redesign of GT tokenomics emphasize the long-term strategy of Gate: instead of just focusing on exchange activities, Gate wants to build sustainable value via infrastructure. In the increasingly competitive L2 race, Gate’s Edge lies in its technology and the synergy of high performance, multi-chain connectivity and an existing user ecosystem.
When Perps Dex, Meme Go and Gateswap bring liquidity and traffic, GT has a clear question in the chain. However, there are still existing risks, including competitive pressure from the base, OPBNB … (some L2S already have major developers) and SMART contract security risks when opening more new products.
Gate has officially launched Gate Layer, a high-performance Layer-2 network that delivers more than 5,700 TPS. It is built on the Op-Stapel and integrated with Layerzero for cross-chain connectivity.
Gate emphasized that the real differentiation is not only in speed and low transaction costs, but also in the possibility to offer immediate liquidity and an existing user base. Moreover, they emphasized the importance of offering practical Defi products. At the same time, the upgraded tokenomics -Mechanism GT not only positions as an exchange, but also determines GT as the evolving “fuel” of the web3 -eco system of Gate.
Competitive pressure
Big players have already rolled out their own Layer-2 (L2) solutions-such as the basis of Coinbase, Binance’s BNB, Kraken’s Ink-en The launch of Gate Layer marks a critical milestone in the Web3 infrastructure strategy of Gate. According to the announcement, Gate Layer is built on the Op-Stapel and is completely EVM compatible. It shows impressive performance bends: more than 5,700 transactions per second (TPS), 1-second block times and costs of around $ 30 per million transactions.
TPs from some L2 networks on stack. Source: L2Beat
However, what Gate’s L2 strikes are not only the technical statistics – even if, as they express it, these are “the most competitive statistics in space”. In contrast to Base or BNB, Gate Layer combines performance with targeted utility to create a real distinctive factor in the Layer-2 race.
In particular, the gate layer goes beyond the rough transit by expanding cross-chain connectivity via Layerzero. This allows developers once to implement applications and reach users in Ethereum, BSC, Polygon and more. In combination with the benefits of an important exchange, gate layer developers can immediately offer liquidity. The various products such as Perps Dex, Gate Fun and Meme Go improve this.
“That mix of speed, costs and real adoptive channels is where we think we can stand apart,” Dr. Han Lin, CEO of Gate to Beincrypto.
GT -Token: From exchange token to web3 ecosystem fuel
In addition to the launch of his new L2, Gate also revealed an extensive upgrade to the Tokenomics of GT (Gate Token). GT will now serve as the only guest smoking for the gate layer. It will continue its Dual-Burn model, which includes planned return and burns in combination with burns on the chain.
Lin shared with Beincrypto that more than 180 million GT has been burned, equal to 60.18% of the initial stock. This is considered to be one of the deepest deflatory reductions in the industry.
Usually, token burns reduce the offer to create scarcity. With GT increasingly used about the portaleco system (floating question), this dynamic can positively influence the price. However, if scarcity were only the focus, GT would miss the sustainability that is needed for the long -term value.
According to the representatives of Gate, this extensive tokenomics upgrade represents an evolution -transforming GT from a “cex -token” into the backbone of a wider web3 ecosystem.
“Our goal is to make GT indispensable: feeding transactions, stimulating developers and ultimately securing the network by turning off,” Gate told Beincrypto.
The launch of Gate Layer and the redesign of GT tokenomics emphasize the long-term strategy of Gate: instead of just focusing on exchange activities, Gate wants to build sustainable value via infrastructure. In the increasingly competitive L2 race, Gate’s Edge lies in its technology and the synergy of high performance, multi-chain connectivity and an existing user ecosystem.
When Perps Dex, Meme Go and Gateswap bring liquidity and traffic, GT has a clear question in the chain. However, there are still existing risks, including competitive pressure from the base, OPBNB … (some L2S already have major developers) and SMART contract security risks when opening more new products.
The Post Gate CEO shares insights into the launch of ‘Gate Layer’ and GT’s Tokenomics revision first appeared on Beincrypto.