Gate has officially launched Gate Layer, optimizing the GT token economy to accelerate the ecosystem's infrastructure upgrade.

On September 25th, the world's leading cryptocurrency exchange platform Gate announced the official launch of the new Layer 2 network named Gate Layer and simultaneously optimized the platform's native token GT's tokenomics. Gate Layer is constructed on the industry-leading OP Stack to build a high-performance Layer 2 network, which is fully compatible with the Ethereum Virtual Machine (EVM). It is secured by GateChain as the main chain settlement layer to ensure security. Additionally, it enhances network stability through the GT staking mechanism. In terms of performance, Gate Layer can support more than 5,700 transactions per second, with a block generation time of only 1 second and transaction fees being much lower than those of most existing Layer 2 networks. On the cross-chain side, it achieves multi-chain interoperability through LayerZero. In terms of ecosystem development, based on the "high-performance Layer 2 network" as the infrastructure foundation and aligning with the "All in Web3" core strategy, Gate Layer launches three core tools: Perp, Gate Fun, and Meme Go, accurately covering users' full-scenario needs from asset issuance, trading to value creation. GT will serve as the sole Gas token for Gate Layer. While expanding its use cases, it will continue the dual deflationary mechanism of "regular burning + on-chain incineration", with a cumulative burn ratio of 60.18%. At the same time, GateChain has been upgraded to v1.20, further enhancing scalability and security.