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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
The number of daily active Addresses for XRP has risen 16 times in 24 hours, potentially becoming a bullish breakout catalyst.
According to blockchain analytics firm Santiment, the number of daily active addresses (DAA) interacting with the XRP blockchain has increased from about 32,000 on June 9 to 547,000 on June 10, an increase of 1,609% in 24 hours, indicating a significant increase in investor interest and likely to be accompanied by inflows. It is worth mentioning that this is the highest single-day increase in user activity this year.
The DAA indicator shows the number of unique wallets that have conducted XRP transactions or interacted with the Ripple network within the past 24 hours. Therefore, a spike in DAA may reflect increased interest from retail and institutional investors. After Ripple's collaboration with Japan's Web3 Salon to support the development and innovation of the Blockchain, this may also indicate an increase in the usage of the XRP Ledger.
Historically, significant rises in DAA often precede shifts in market sentiment. In late February to early March 2025, after an increase in DAA, the price of XRP saw a brief uptick. If history repeats itself, the current rise in this indicator could serve as the foundation for a bullish breakout.
Source: CoinGape