- Gate has introduced Gate Layer, a new Layer 2 blockchain to raise transaction speeds and lower fees.
- Gate Layer is built using the OP Stack and is fully compatible with Ethereum.
- Gate Layer relies on GateChain for settlements and uses GT (GateToken) as its exclusive gas token.
- The project is part of Gate’s larger plan to expand its presence in Web3 by offering new products and services.
- The company joins other major exchanges launching their own Layer 2 networks to attract more on-chain activity.
Gate, a global cryptocurrency exchange, has launched Gate Layer, a proprietary Layer 2 blockchain developed to improve transaction throughput and decrease costs for users. The company announced this move on Wednesday as part of a broader effort to grow its Web3 strategy.
Gate Layer is built on the OP Stack, making it fully compatible with Ethereum-based applications. The blockchain uses GateChain as its settlement layer, and GT (GateToken) will serve as the exclusive gas token for transactions on Gate Layer.
Alongside the rollout, Gate is introducing new products, including Perp, a perpetuals trading hub with centralized exchange-level liquidity; Gate Fun, a platform for token launches without coding; and Meme Go, a tool for real-time tracking of cross-chain meme tokens. According to the company, Gate Layer is intended to be the “backbone” of its “All in Web3” strategy.
As part of the upgrade, the GateToken will retain its dual burn model, in which tokens are regularly destroyed to limit supply. Over 180 million GT have been burned so far, which represents about 60% of the token’s initial supply.
This latest move follows a trend among leading crypto exchanges, such as Coinbase with Base, to create their own Layer 2 networks. These initiatives aim to attract new users, deepen liquidity, and broaden native product ecosystems by providing dedicated infrastructure with integrated tokenomics.
With these developments, Gate is positioning itself as a full-stack Web3 provider, with services extending beyond just cryptocurrency trading.
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