#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
Snapshot X is officially released, achieving zero Gas fee on-chain voting through Starknet's Rollup technology
Odaily Star Daily News: DAO governance platform Snapshot X has officially launched. The platform introduces a new protocol based on Layer 2, which implements DAO zero gas fee on-chain voting function through Starknet's rollup technology. Snapshot Labs COO Jeremy Musighi said this is a turning point for on-chain governance, allowing DAOs to provide free on-chain voting for the community for the first time and increasing decision-making participation. Snapshot X uses STARK extension technology and storage proof to achieve secure voting for Cross-Chain Interaction without the need to transfer tokens or pay gas fees. The system also utilizes the transaction Relay Mana, allowing users to sign votes with their ETH Wallet and then relay the votes to the Starknet network. (The Block)