#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
$TAPPROTOCOL boosts more than 19% after unveiling $TAP token Sweep Feature
$TAPPROTOCOL, utility token of Tap Protocol, the home of DeFi & dApps on Layer1, is up more than 19% in the past 24hours, & now trades around $0.790, with inflow of $114.78k, & trading volume of $101.42k, as per Gate.io chart.
Tap Protocol has recently announced a new tool called "TAP Sweep Feature" on Taparoo platform. With the latest unveil, users can now scoop up multiple bundles of their favourite $TAP tokens with one simple slide of the 'Sweep' tool on TaparooMarket.