#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
Klaytn and Finschia's new brand Kaia will go live on the mainnet on August 29th.
On August 19th, Finschia stated that with the establishment of the KaiaDLT Foundation in the Dubai International Financial Center and the Abu Dhabi Global Market (ADGM), most of the preparations for the launch of KaiaMainnet have been completed, and it will go live on August 29, 2024. In late April, the Klaytn Foundation stated that since the merger proposal of Klaytn/Finschia chain, known as 'ProjectDragon,' was approved, both teams have been working hard and today they introduced a new brand, Kaia. It is reported that Kaia is an Open Source, transparent, and permissionless public chain that is suitable for everyone.