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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
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- #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
Uniswap founder shares views on Ethereum scaling solutions
According to the Gate.io News bot, as reported by Wu, during the community discussion on the Ethereum scalability path, Uniswap founder Hayden Adams expressed his views on Ethereum's scalability strategy. Adams pointed out that if Ethereum chooses to host DeFi on L1 (Mainnet), Solana is superior in terms of roadmap, team, and scalability strategy.
He emphasized that Ethereum has consistently focused on an L2 scaling path centered around Rollups over the past five years, and that it should not shift to an L1-centric scaling strategy at this stage. Adams also criticized the community for its frequent changes in scaling paths, stating: "A direction needs to be chosen and corresponding risks taken, rather than changing the narrative and strategy every month."