#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
$IO gains more than 12% after securing ChainGPT Partnering
$IO, the native token of IO.net, a platform offering Better, Faster & Cheaper On-demand GPU Access, is up over 12% in the past 24hours, & now trades around $5.447, as per Gate.io chart.
This comes after announcing the strategic partnership between ChainGPT & IO.net state-of-the-art decentralized computing network. The expansion will enable the platforms work together for users to benefit from the best GPU experience. IO.net aims to use its decentralized GPU network in giving unlimited computing power to ML applications.