#Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Farcaster founder teases Frames v2 ahead of full launch in 2025
Dan Romero, the founder of the decentralized Web3 social protocol Farcaster, has detailed an update to Frames, which once spiked the protocol’s users by 400% in a week.
“A new Frame standard that allows interactive applications, onchain transactions, and user notifications would enable many new kinds of social applications,” Romero said while introducing the specification for Frames v2 on X on Nov. 26
Launched in Jan. 2024, Farcaster Frames are one of the reasons for the layer-2 Optimism-based protocol’s surge in popularity, as they solved some of the initial issues by enabling users to run small apps inside of posts on the social media application Warpcast
Farcaster activity spiked following the launch of Frames, with a 400% increase in daily active users in early February. However, it has tapered off slightly since then.
Romero said the first version of Frames still had limitations with the number of interactions making larger apps impossible to build, slow generating image rendering for Frames, and an “ephemeral” state preventing users from returning to them
He said the upgrade to Frames v2 aims to solve some of these issues by providing a more advanced frame standard that enables more flexible full-screen in-app applications, interactive experiences, onchain transactions, and user notifications.
“Developers can build anything that renders in a browser and can use a frames SDK to trigger actions like saving the frame or requesting an onchain transaction,” explained Romero
“We’ve significantly improved reliability and speed for transactions and signed messages on mobile using Mobile Wallet Protocol and Rainbow,” said Romero in a separate post on Nov. 26 while linking to a Frames v2 developer preview
The initial new specification of Frames highlighted by Romero will launch on the web and mobile on Nov. 27, followed by an updated version with more features on Dec. 6. The full stable release is expected to be launched in January or February, according to the full specification on GitHub
Related: Paradigm’s funding takes Farcaster’s dev to unicorn status
Farcaster has around 710,000 total users and around 500,000 average casts per day, according to Dune Analytics. However, daily active users have dropped off over the past six months, declining by around 28%
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