Crypto alternate Gate has launched Gate Layer, a proprietary Layer 2 blockchain designed to enhance transaction throughput and decrease costs, whereas concurrently rolling out a indispensable upgrade to the GT (GateToken) ecosystem
Constructed on the OP Stack and fully like minded with Ethereum, Gate Layer is anchored by GateChain as its settlement layer, the corporate stated in an emailed announcement on Wednesday.
Gate is positioning Gate Layer because the backbone of its “All in Web3” strategy, launching instruments comparable to Perp, a perpetuals hub with CEX-stage liquidity; Gate Relaxing, a no-code incubator for token launches; and Meme Walk, a true-time tainted-chain meme token tracker.
As fragment of the overhaul, GT can help because the abnormal gas token for Gate Layer, whereas continuing its dual burn model. So a ways, over 180 million GT had been burned, about 60% of preliminary present.
Gate’s switch follows a rising vogue of predominant exchanges, at the side of Coinbase with Unfriendly, launching their very gather Layer 2s to snatch extra particular person job onchain. By pairing infrastructure with native tokenomics, exchanges are wanting for to deepen liquidity, magnify ecosystems, and location themselves as stout-stack Web3 suppliers—no longer swish trading venues.
