#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
Kakao and LINE team up to launch L1MainnetKaia on Mainnet.
Jinse Finance reported that the first layer blockchain Kaia officially launched its Mainnet last Thursday. The project is a collaboration between Kakao and LINE, the messaging giants in South Korea and Japan, and is a merger of the first layer blockchain Klaytn and Finschia, which they previously launched. Kaia Builder will draw on Telegram's TON blockchain strategy to create native dApps that can be directly integrated into the LINE communication program using a trap available SDK and API.