#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
Synthetix: Will gradually end all L2 deployments, planning to launch sUSD and sUSDe early deposit vault after Mainnet goes live.
According to a report by Jinse Finance, the synthetic asset protocol Synthetix officially announced that due to unstable Rollup infrastructure, Synthetix frequently faces downtime. As part of the transition to the Synthetix Mainnet, all L2 deployments will be gradually phased out. Currently, new deposits in the LP vault have been disabled, and leveraged tokens are expected to be completely deprecated on July 7, along with perpetual and LP vaults. Traders and liquidity providers (LPs) are advised to migrate their assets to the Ethereum on-chain. After the launch of the Synthetix Mainnet, early deposit vaults for sUSD and sUSDe, incentive programs, and gated trading competitions will be introduced.