Gate’s New Layer 2: The End of the Internet as We Know It 🌐💸

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Gate has launched Gate Layer, a new Layer 2 network and upgraded its GT tokenomics with staking, gas utility, and a dual burn model.

 

Crypto exchange Gate has rolled out Gate Layer, a proprietary Layer 2 blockchain designed for speed and cost efficiency. 🚀💸

Alongside this launch, the company has planned a major upgrade to GT tokenomics and is expanding the role of its native token in network operations. 🤯

Gate Layer Expands Web3 Strategy

Gate describes Gate Layer as a foundation for its “All in Web3” approach. The network will host a range of tools, including Perp, a perpetual trading hub that offers centralised-exchange liquidity. 🤯

It also introduces Gate Fun, a no-code incubator that allows creators to launch tokens without advanced technical skills. 🧠💡

Crypto exchange Gate announced the official launch of its Layer 2 network Gate Layer alongside an upgrade to the GT tokenomics. Built on the OP Stack and fully EVM-compatible, Gate Layer uses GateChain as the settlement layer and incorporates GT staking to enhance stability. GT…

– Wu Blockchain (@WuBlockchain)

In addition, Meme Go will provide users with a real-time tracker for memecoins across chains. 🧠📈

These additions show Gate’s goal of moving beyond simple exchange services. By building infrastructure that supports a broader range of on-chain activity, the company is setting itself up to capture more engagement from both retail and institutional users. 🤝💼

Utility, Staking, and Deflation

The biggest update in this overhaul is the role of GT as the exclusive gas token for Gate Layer. 🚗⛽

This change means that every transaction and network fee will be powered by GT, which is embedding the token deeply into the ecosystem. 🧱🧱

Gate has also maintained its dual deflationary model. GT undergoes scheduled buybacks and burns, which are paired with on-chain burning mechanisms. 🔥

It’s time to go “All in Web3”! Launching our own Layer 2 – Gate Layer.

Ultra-fast: 5,700+ TPS, 1s block timeUltra-low fees: Far lower than most other L2s3 core tools: Perp, Gate Fun, Meme Go

GT will be the exclusive gas token powering the full open ecosystem and the…

– Gate (@Gate)

So far, more than 180 million GT have been burned, which accounts for about 60% of the original supply. 🧨

Another major addition is staking. Users who lock their GT can help stabilise gas fees and support the network’s security. In return, they earn rewards in a balanced system that benefits both the network and its community. 🧠💰

This approach is similar to models used in other Layer 2 projects like Polygon, where token staking supports governance and performance. 🧠

GateChain Node Updates

Gate has also introduced updates to GateChain nodes. Consensus accounts now have greater flexibility in setting maximum commission rates. 📈

These accounts, which were previously capped at 1 per cent, can now define their own commission levels. This allows for mining income to be more competitive and stable. 🚀

Users can join as GateChain nodes, participate in consensus mining and earn rewards. 🎯

The update also makes it easier for node operators to provide services by offering guidance on installation, delegation and reward sharing. 🧭

Competing With Other Exchange Layer 2s

The launch of Gate Layer follows a much more general industry change. 🌍

Major exchanges like Coinbase have already introduced their own Layer 2 solutions, like Base. By creating dedicated Layer 2 networks, exchanges capture more activity within their own platforms, rather than depending on external chains. 🏗️

For Gate, adding GT tokenomics with its new infrastructure creates a unified system. 🤝

Traders gain faster and cheaper transactions, while token holders benefit from staking opportunities and deflationary mechanics. 🧠💸

Developers are also rewarded for building within the network, thanks to tools and liquidity provided directly by the exchange. 🎉

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2025-09-26 10:05