Crypto Exchange Gate launched Gate Layer, a blockchain owner of layer 2 designed to increase the flow of transactions and reduce costs, while simultaneously unfolding a major upgrade to the GT (Gatetoken) ecosystem
Built on the OP battery and entirely compatible with Ethereum, Gate Layer is anchored by Gatechain as a settlement layer, the company announced on Wednesday in an announcement by email.
Gate positions the Gate layer as the backbone of its “All in Web3” strategy, launching tools such as Perp, a perpetual center with a Cex liquidity; Gate Fun, an incubator without code for token launches; And even go, a token tracker of real-time inter-chain.
As part of the overhaul, GT will serve as an exclusive gas token for the door layer, while continuing its double burn model. To date, more than 180 million GTs have been burned, around 60% of the initial offer.
Gate’s move follows an increasing trend in major exchanges, including Coinbase with base, launching its own layer 2 to capture more onchain user activity. By cutting the infrastructure with the native tokenomics, exchanges seek to deepen liquidity, to extend ecosystems and to position themselves as full -storage web3 suppliers – not just negotiation places.
