#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
Smart Contract platform Waterfall Network completes $11.6 million new round of financing
PANews December 13th news, according to IBTimes, Smart Contract platform Waterfall Network announced the completion of a new round of financing of $11.6 million, with Bolt's Capital, Alpha Token Capital and Enflux participating, providing funds for its research and development. The new funds will be used to strengthen the platform's infrastructure, simplify Node, and further improve it. According to reports, the Waterfall Protocol will be launched in July 2024. It is a Layer1, scalable, decentralized smart contract platform developed by software development company BlueWave based on DAG technology and fast finality PoS consensus. It is designed specifically for the development of Dapps and aims to provide a scalable, secure, and truly decentralized governance platform, while being compatible with the Ethereum Virtual Machine (EVM).