Gate, a prominent player in the cryptocurrency exchange market, has made a significant stride by launching its own Layer 2 network, Gate Layer, on September 25, 2025. This development comes alongside important enhancements to the tokenomics of its native GT token, marking a pivotal moment for the platform. According to the assessment of specialists presented in the publication, these changes are expected to positively impact user engagement and overall market performance.
Gate Layer Overview
Gate Layer is constructed on the OP Stack and is fully compatible with the Ethereum Virtual Machine (EVM), utilizing GateChain as its secure settlement layer. The network boasts an impressive capacity, processing over 5,700 transactions per second (TPS) and generating blocks in just one second. This efficiency is complemented by a substantial reduction in gas fees compared to other Layer 2 solutions.
GT Token Updates
In addition to the network launch, the GT token has seen significant updates, maintaining its dual deflationary model that includes:
- quarterly buybacks
- token burns
To date, over 180 million GT tokens have been burned, reflecting the commitment to enhancing the token's value. However, despite these developments, the GT token's price remains relatively stable, currently trading at $16.15.
As the demand for stablecoins continues to surge, the cryptocurrency market is also witnessing the rise of new projects like Mutuum Finance (MUTM), which has generated considerable excitement among investors. Currently, with its presale attracting over $162 million, MUTM is positioning itself as a promising opportunity for substantial returns, further emphasizing the evolving landscape of decentralized finance. For more details on this development, check out the full article on Mutuum Finance here.
