Crypto Exchange Gate launched the gate layer, a proprietary layer 2 blockchain designed to boost the transaction transaction and reduce costs, while simultaneously rolling a major upgrade to GT (gatetoken) ecosystem
Built on the OP Stack and fully compatible with the Ethereum, the gate layer is anchored by the Gatechain as a layer of its regulation, the company said in an email announcement on Wednesday.
The gate positions the gate layer as the backbone of the “All on Web3” approach, launching tools such as Perp, a Perpetuals Hub with CEX-level liquidity; Gate Fun, a-code incubator for token launch; and meme go, a real-time cross-chain meme token tracker.
As part of the overhaul, the GT will serve as an exclusive gas token for the gate layer, while continuing the dual combustion model. To date, more than 180 million GTs have been burned, about 60% of the initial supply.
Moving the gate follows a growing trend of basic exchanges, including Coinbase with a base, Launching their own layer 2s to get more user activity onchain. By pairing infrastructure with folk tokenomics, exchanges seek to deepen liquidity, expand ecosystems, and position themselves as full web3 providers-not just trading areas.
