Gate Layer Launches with GT Token Upgrade
Gate launches its Layer 2 network with GT staking, burn model, and full EVM support.
- Gate Layer is now live with full EVM compatibility.
- GT becomes the sole gas token with staking support.
- Dual deflationary model enhances token value.
Crypto exchange Gate has officially launched its Layer 2 network, Gate Layer, marking a significant step in the platform’s expansion. Built using the OP Stack and fully compatible with the Ethereum Virtual Machine (EVM), Gate Layer aims to bring faster, cheaper, and scalable solutions to the Gate ecosystem.
The network uses GateChain as the settlement layer, offering added security and finality for transactions. This design bridges scalability with decentralization, creating a robust foundation for decentralized applications (dApps) and Web3 projects.
GT Token Now Powers the Network
Alongside the Gate Layer launch, Gate has upgraded its GT tokenomics. The GT token will now serve as the exclusive gas token for the new Layer 2 chain, playing a central role in powering transactions and maintaining network activity.
To increase token utility and stability, GT introduces staking features within Gate Layer. This means GT holders can now participate in securing the network while earning rewards, further strengthening the Gate ecosystem.
A Strong Deflationary Model to Drive Value
Gate is maintaining its dual deflationary model for GT, consisting of:
- Scheduled buyback and burn programs
- On-chain transaction burns
So far, the platform has burned 60.18% of the total GT supply — a major move to enhance scarcity and long-term token value. This burn strategy, combined with the new Layer 2 functionalities, positions GT as a more valuable asset within the blockchain space.
With full EVM compatibility, developers can easily migrate or build applications on Gate Layer, benefiting from lower costs and higher performance compared to Layer 1 networks.
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