#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
Odaily Star Daily News Lava Network announced on the X platform that the mainnet is about to go live and will release more details in the near future.
On April 26, modular blockchain infrastructure developer Lava Network announced the tokenomics of the LAVA token. The total supply of LAVA is 1 billion, and it adopts a deflationary mechanism to attract API providers in the initial stage of the mainnet. 15% of the tokens will be used for future incentive programs (such as airdrops), 6.6% of the tokens will be allocated for monthly rewards to providers (Provider Drops), 3.4% of the tokens will be used for validator rewards, 31% of the tokens will be used for research and ecosystem development, 17% of the tokens will be distributed to early investors, and 27% of the tokens will be allocated to early contributors, core team, advisors, etc.