Crypto Exchange Gate has launched Gate Layer, a proprietary layer 2 blockchain designed to increase transaction flow and reduce costs while at the same time GT (Gatetoken) ecosystem
Gate Layer is built on the up and fully compatible with Ethereum and is anchored by Gatechain as its settlement layer, the company said in an E email message on Wednesday.
Gate is the positioning of gate layers as the backbone of its “all in web3” strategy, launching tools such as perp, an eternal hub with liquidity at CEX level; Gate Fun, an incubator without code for token launches; And Meme Go, a real-time transverse chain token tracker.
As part of the revision, GT will act as the exclusive gas token to gate layer as it continues its double internal combustion model. To date, over 180 million GT has been burned, approx. 60% of the original supply.
Gate’s movement follows a growing trend with larger exchanges, including coinbase with base launching their own layer 2S to capture more user activity at chain. By pairing infrastructure with native tokenomics, exchanges try to elaborate on liquidity, expand ecosystems and place themselves as full web3 providers-not only trade with venues.
